Cyprus Mail

Reported bad cheques drop 4.1% in February

The number of dishonoured cheques fell in February 4.1 per cent to 117 compared to the respective month of 2015 while their overall value fell 19 per cent to €153.784, the Central Bank of Cyprus said.

In January to February, the number of bad cheques reported to the supervisory authority’s central registry fell an annual 27 per cent to 242 while the respective amount dropped 40 per cent to €273,954, the central bank said in a statement on its website.

The number of legal entities reported to have dishonoured cheques rose 12 per cent to 29 while the number of legal entities that did the same fell 17 per cent in February to 38, the central bank said.

In the first two months of the year, the number of individuals and legal entities which were reported to have dishonoured cheques fell 18 per cent and 19 per cent to 59 and 73 respectively compared to a year ago, the central bank said.

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