National Bank of Ukraine reports 10% rise in money transfers into Ukraine in 3Q 2016

The volume of private transfers to Ukraine in the third quarter of 2016 amounted to $1.438 billion, which is $127 million, or 9.7% more than in the same quarter of 2015, according to the NBU website.

The NBU says that compared with the previous quarter, the volume of private transfers to Ukraine in the third quarter increased by $69 million, or 5%.

According to the NBU, through the correspondent accounts of banks $591 million was transferred, through the international payment systems – another $581 million, and through informal channels $266 million came in.

Of the funds received, $957 million was compensation, while $172 million of this sum was received through informal channels.

Most funds came from Russia (24.7%), the U.S. (13.4%), Germany (6.6%), Cyprus (5.9%), and UK (5.7%).

As UNIAN reported earlier, the volume of private transfers to Ukraine in the second quarter of 2016 increased by 6.2% compared to the same quarter of the previous year and by 14.3% compared with the previous quarter – to $1.369 billion. 

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