Cyprus Mail

Dishonoured cheques again on the rise, central bank says

The number of bad cheques reported to the central information register in October rose 9.8 per cent to 90 while their value increased 57 per cent to €83,531 compared with the respective month of 2015, bringing a downward trend which started in 2013 to an end, the Central Bank of Cyprus said.

The number of persons reported to have issued cheques they subsequently dishonoured rose 21 per cent in October to 29 compared with the respective month of 2016, while that of legal entities rose 6.7 per cent to 16, the central bank said in a statement on its website on Friday.

In January to October, the overall number of dishonoured cheques dropped an annual 27 per cent to 942, while their value rose an annual 0.3 per cent to €1.7m, the central bank said.