PrivatBank says labor migrants' remittances grows in 2018

The largest amount came from the USA, the UK, and Israel.

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The volume of remittances through digital services and PrivatBank offices in 2018 grew by 25% to $2.6 billion.

Over 60% of remittances were received exclusively via digital services, according to the bank's press service.

Referring to the statistics of the National Bank of Ukraine on $5.67 billion of money transfers through official channels, PrivatBank said it accounted for 45% of the total volume of transfers from labor migrants.

Read alsoPoland assesses migrant workers' remittances to Ukraine

According to the bank, last year, the largest amount of remittances to Ukraine came from the USA (16%), the UK (8%), Israel (6%), Germany (5%), Russia (5%), Italy (5%), Poland (4%), the United Arab Emirates (2.7%), Turkey (2.5%) and Cyprus (2%).

As UNIAN reported earlier, the National Bank estimated the volume of remittances to Ukraine in 2018 at $10.888 billion, which was 17.5% up from 2017.

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