PrivatBank: Foreign money transfers up 30% in 2021

Foreign transfers through PrivatBank, the country’s largest bank with over 20 million users, totaled $386 million in 2021, a 30% increase from the same period last year, the bank reported on April 7.

This amount excludes transfers through “person to person” bank transfers and SWIFT payments. But 72% of foreign transfers were done through the bank’s Privat24 service and other services supported by the bank.