CBC reports drop in bounced cheques for 2026
Ten bounced cheques, with a total value of €32,026 , were registered in the preliminary list of the Central Information Register (CIR) in May, according to data released by the Central Bank of Cyprus (CBC) on Wednesday. All ten cheques concerned three legal entities , the data showed, pointing to a relatively limited number of issuers behind the monthly total. Since the beginning of the year, 69 bounced cheques , worth €210,502 , have been registered in the archive. These inv
The Central Bank of Cyprus (CBC) reported a significant decrease in bounced cheques for the first five months of 2026. A total of 69 cheques, valued at €210,502, were recorded, marking a 32% drop in volume and a 12.8% decrease in value compared to the same period last year. In May alone, ten bounced cheques totaling €32,026 were registered, all linked to three legal entities. This indicates a concentration of defaults among a small number of businesses.
This trend suggests improved financial responsibility among businesses and individuals, potentially reflecting a healthier economic environment.
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