Bad cheques stood at €26,340 in March

11:07 - 04 April 2024

Economy Reporter

In March 2024, a total of 15 bad cheques, amounting to €26,340, were issued, with 6 individuals (5 legal entities and 1 natural person) listed on the preliminary registry of the Central Information Register (CIR) for dishonoured cheques.

According to data released by the Central Bank of Cyprus (CBC) on 4 April, during the period from January to March 2024, 76 dishonoured cheques, with a cumulative value of €115,376 were recorded in the preliminary registry of the CIR, compared to 92 cheques of €276,694 in the same period the previous year. The dishonoured cheques over the three-month span involved 31 individuals (22 legal entities and 9 natural persons).

Furthermore, CBC statistics indicate that the number of individuals listed in the CIR reached 13 in March 2024, including 6 legal entities and 7 natural persons controlling legal entities.

Over the three-month period, a total of 60 individuals were registered on the CIR, compared to 77 individuals during the corresponding period in 2023.

(Source: CNA)

Bad cheques stood at €26,340 in March

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