The number of bounced cheques in Cyprus saw a significant month-on-month increase in July 2024, according to the preliminary list from the Central Information Registry (CIR), maintained by the Central Bank of Cyprus (CBC).

However, it should be noted that the total number and overall value of bounced cheques fell year-on-year during the first seven months of 2024.

Specifically, data released this week revealed that a total of 36 bounced cheques, valued at €60,416, were issued in July 2024.

This marks a considerable rise compared to the previous month, when 12 cheques, valued at €13,048, were recorded.

The total number of legal and natural persons added to the CIR’s preliminary list stood at 15, comprising 11 legal entities and 4 individuals.

Moreover, for the period from January to July 2024, a total of 170 bounced cheques, with a combined value of €363,363, were registered in the CIR’s preliminary list.

This represents a decrease from the same period last year, which saw 209 cheques with a total value of €615,811.

In addition, bounced cheques in the first seven months of 2024 involved 85 entities, including 58 legal entities and 27 individuals.

Furthermore, the number of entities added to the CIR in July 2024 reached 24, including 9 legal entities, 4 individuals, and 11 individuals who control legal entities.

Overall, 132 entities were added to the CIR in the first seven months of 2024, compared to 179 during the same period in 2023.