In July 2018, money transfers increased 19.3% y/y to US$ 144.2mn, after growing 14.8% y/y in the previous month, according to NBG. From major remitting countries, money transfers were up from Italy (+35.4% y/y, 11.3% of total), Greece (+40.5% y/y, 10.4% of total), USA (+17.4% y/y, 10.4% of total), Israel (+28.0% y/y, 9.3% of total) and Turkey (+9.1% y/y, 7.0% of total), while remittances were almost flat from Russia (-0.2% y/y, 29.8% of total). Overall, in 7M18 money transfers were up 18.5% y/y to US$ 888.4mn.
G&T
