REMITTANCES – Ukraine open for business

UKRAINIANS RECEIVE $100 MLN IN FISCAL AID REMITTANCES FROM INTL ORGANIZATIONS THROUGH PRIVATBANK

Ukrainians have received 800,000 aid remittances totaling $100 million from international organizations, the bank’s press service reported on Monday.

According to the report, most of the payments came from the UN World Food Program, the UN Refugee Agency in Ukraine and the International Committee of the Red Cross.

According to the statistics of the National Bank of Ukraine, as of April 1, 2022, PrivatBank ranked first (UAH 592.38 billion) among 69 banks operating in the country in terms of total assets.

REMITTANCES TO UKRAINE TOTAL $1.2 BLN IN H1 – NATIONAL BANK

The volume of remittances to Ukraine via the money transfer systems in H1 2018 totaled $1.2 billion in the equivalent and from Ukraine – $140 million, the National Bank of Ukraine (NBU) reported on its website. According to the report, over the period remittances inside Ukraine accounted for UAH 69.4 billion.
As reported, the volume of money transfers to Ukraine through money transfer systems in 2017 decreased by 4.4% and amounted to $2.378 billion, from Ukraine – by 18.8%, to $286 million, while within Ukraine it increased by 21.4%, to $4.456 billion.
As of the beginning of July 2018, out of 37 money transfer systems that operated in Ukraine, 31 systems transferred funds within Ukraine and 12 systems provided cross-border transfer services.
The bulk of remittances within Ukraine is provided by systems created by resident non-bank institutions. At the same time, 11 these systems together carried out about 92% of all transfers.

NATIONAL BANK, REMITTANCES