Bounced checks issued in October climb to a 13-month high

The total value of bounced checks issued in October 2018 climbed to Euros 0,3 million, reaching the highest level since August 2017, data released today by the Central Bank of Cyprus (CBC) show.

The CBC said a total of 105 bounced checks have been registered in the preliminary registry with its total volume reaching Euros 0.33 million, compared with 63 bounced checks amounting to Euros 0.09 million in October last year and 55 checks of worth Euros 0.08 million in September 2018.

For the period of January � October 2018, a total of 741 bounced checks of total value Euros 1.32 million have been registered in the preliminary registry, compared with 874 checks amounting to Euros 2.03 million in the respective period of 2017.

In October 46 persons (18 natural and 29 legal persons) have been included in the registry, compared with 28 persons in October last year, the CBC said.

In the ten months of 2018, a total of 365 persons (194 natural and 171 companies) have been included in the preliminary registry, compared with 418 persons in the respective period of 2017.

Source: Cyprus News Agency