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Bad cheques amounted to €1.7m in 2023

13:00 - 17 January 2024

Economy Reporter

A total of 356 bad cheques, totaling a value of €1,767,912 were issued in 2023, according to figures released by the Central Bank of Cyprus.

The cheques were issued by 136 legal entities and 95 individuals, now added to the preliminary list of the Central Bank of Cyprus’ Central Information Register for the Issuers of Dishonoured Cheques.

According to the data released by the Central Bank, the number of bad cheques issued in 2023 (356) is down compared to 2022 (473), 2021 (363) and 2020 (454).

However, there has been an increase in the amounts on the cheques. More specifically, according to the preliminary list, in 2023 they concerned a total amount of €1,767,912, while in 2022 the figure was €1,518,669, in 2021 it was €933,945 and in 2020 it was €741,700.

Also, according to the Central Bank data, the number of issuers added to the Central Bank of Cyprus’ Central Information Register for the Issuers of Dishonoured Cheques reached a total of 255 in 2022. In 2021, the figure stood at 179, and in 2020 it was 186.

(Source: CNA)

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