Bad cheques totalling €252,988 in first four months of the year

14:00 - 14 May 2024

Economy

The total value of bounced cheques in the first four months of 2024 reached €252,988, according to the Central Bank of Cyprus (CBC).

In 2023, the total value for the year was €1,767,912, in 2022 it was €1,518,669, in 2021 it was €933,945 and in 2020 it reached €741,700.

According to preliminary records, the number of bounced cheques in the first four months of 2024 was 108, in 2023 it was 356 in total for the year, in 2022 their total number reached 473, in 2021 it was 363 and in 2020 it was 454.

Meanwhile, in the first four months of 2024, the registrations of persons (legal persons, natural persons and natural persons controlling legal entities) in the Central Information Register for issuers of bad checks reached 78. In 2023 the total registrations for the whole year reached 274, in 2022 it was 255, in 2021 it was 179 and in 2020 it reached 186.

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