Bad cheques down 2014, the Central Bank of Cyprus says
- DATE: Jan 02, 2015
- |
- CATEGORY: MARKET TRENDS
- |
- AUTHOR: OPulse Admin
By Marie Kambas
The overall value of bad cheques issued last year fell an annual 41 per cent to below 3.4 million euros, the Central bank of Cyprus said.
The number of bad cheques issued in 2014 decreased 27 per cent to 2,250 compared to 2013, the central bank said in a statement on its website today.
Following the peak of the banking crisis in mid-March 2013, the central bank did not report bad cheques to the Central Information Registry until July.
The number of individuals reported to have issued bad cheques fell 23 per cent last year compared to the year before to 495, while the number of companies that did so fell 16 per cent to 660, the central bank said.
Related Posts
