Cyprus Mail

Dishonoured cheques drop 31% to historic low of 1,542 in 2014

By Stelios Orphanides

The number of dishonoured cheques fell 31 per cent last year to 1,542 compared to 2014, while the respective amount dropped 41 per cent to below €2m, which is in both cases a historic low, the Central Bank of Cyprus said.

In December, the number of bad cheques reported to the central bank was 118, or 32 per cent below that in the respective month of 2014, the supervisory authority said on Thursday on its website. The value of the cheques dishonoured in December was €108,003.

The overall number of individuals and legal entities black listed fell 28 per cent last year and 34 per cent in December to 830 and 53 respectively, the central bank said.

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