Nicosia, Cyprus. Ten bounced cheques with a total value of €32,026 were registered in the preliminary list of the Central Information Register in May, according to data released on Wednesday by the Central Bank of Cyprus.
All 10 cheques were linked to three legal entities, indicating a limited number of issuers behind the monthly total.
May registrations
The data showed that one legal entity that issued a bounced cheque and one natural person controlling a legal entity were registered in the Central Information Register in May.
Year-to-date figures
Since the beginning of the year, 69 bounced cheques worth €210,502 have been registered in the archive. These involved 32 legal entities and 12 natural persons.
Annual comparison
Compared with the corresponding period last year, the number of bounced cheques fell by 32 per cent, while their total value declined by 12.8 per cent.
Registered issuers
Since the start of the year, 50 issuers of bounced cheques have been registered. These included 20 legal entities, six natural persons and 24 natural persons controlling legal entities.