Cyprus records bounced cheques worth €420K in first 8 months of 2024
The value of bounced cheques recorded in Cyprus reached €57,129 in August 2024, according to a report released this week by the Central Bank of Cyprus (CBC).
This figure comes from a total of 30 cheques that were returned unpaid.
Moreover, the number of individuals and businesses on the preliminary list of the Central Information Registry (CIR) in August stood at 16, made up of 11 legal entities and five natural persons.
August of last year 2023, only nine cheques bounced, though the overall value of these cheques was higher, amounting to €78,108.
Looking at the broader picture for 2024, between January and August, a total of 209 bounced cheques were listed in the CIR, worth €420,492.
This represents a slight decrease from the same period in 2023, when 218 cheques were registered, with a notably higher total value of €693,918.
The data further reveals that in the first eight months of 2024, these bounced cheques were linked to 101 individuals and entities, specifically 69 legal entities and 32 individuals.
Furthermore, the report indicates that in August 2024 alone, 15 persons were added to the CIR register.
Of these, six were legal entities, four were natural persons, and five were natural persons in controlling legal entities.
Finally, there were a total of 147 persons entered into the register between January and August this year, compared to 193 during the same period in 2023.