Cyprus Mail

Nearly €3m in bad cheques issued so far this year

BAD cheques worth €2.7 million have been issued so far this year, according to statistics published by the Central Bank (CBC) on Thursday.

The number of bad cheques in the first nine months of 2014 reached 1,765, the CBC said, with 908 individuals (528) and companies (380) placed on a preliminary blacklist.

September saw €390,265 worth of bad cheques issued, compared with €978,348 during the same month last year.

The total value of bad cheques in 2013 reached €5.7 million, representing 3,080 cheques.

The registry’s operation had been suspended though between April and July last year as the island reeled from the effects of a messy bailout that saw one bank close and another seizing deposits to recapitalise.

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