Bounced cheques worth €19K issued in February, CBC reports

The Central Bank of Cyprus (CBC) on Thursday reported that a total of 16 bounced cheques, worth €19,388 overall, were issued in February.

This resulted in 9 individuals (7 legal entities and 2 natural persons) being entered in the preliminary directory of the Central Information Repository (CIR) for bounced cheques, which the central bank maintains.

Moreover, during the January-February period of 2024, 61 bounced cheques were registered in the preliminary directory of the CIR, totalling €89,035, compared to €160,882 during the same period last year.

It should be noted that bounced cheques in the first two months of this year involved 25 individuals (17 legal entities and 8 natural persons).

Furthermore, according to CBC data, the number of individuals registered in the CIR amounted to 13 in February 2024, of which 6 were legal entities, one was a natural person, and 6 were natural persons controlling legal entities.

Finally, the CBC stated that during the first two months of 2024, a total of 47 individuals were registered in the CIR, compared to 55 individuals during the same bimonthly period in 2023.