In September 2018, money transfers increased 5.6% y/y to US$ 131.3mn, after growing 11.4% y/y in the previous month, according to NBG. From major remitting countries, money transfers were up from Italy (+25.9% y/y, 12.5% of total), USA (+12.9% y/y, 10.8% of total), Greece (+8.7% y/y, 10.8% of total) and Israel (+7.6% y/y, 9.5% of total), while remittances were down from Russia (-7.5% y/y, 28.7% of total) and Turkey (-24.1% y/y, 5.5% of total). Overall, in 9M18 money transfers were up 16.0% y/y to US$ 1.2bn.
Source: G&T
