ounced cheques issued in the first six months of 2014 reached €1.52 million, figures released Tuesday by the Central Bank show. According to the CBC, a total of 1,301 bounced cheques amounting to €1,522,083 were issued in the first six months of 2014. A total of 378 individuals and 667 legal entities have been listed in the preliminary list, a step before the final listing in the CIR. Total cheques issued in 2013 amounted to €5.67 million. The CBC decided to suspend the operation of the Register from March 15 2013 to August 31 2013 amid the disruption to the domestic banking system in the wake of the resolution of Laiki Bank, the forced recapitalisation of Bank of Cyprus and the imposition of controls on banking transactions. In 2012 total bounced cheques reached €7,76 million, while 2009 saw a record of dishounred cheques amounting of €9.30 million since 2003 when the register was established. In the first six months of 2014 a total of 147 individuals were listed in the CIR, 162 individuals that control legal entities and 132 legal entities. An individual or a legal entity that issues dishonoured cheque above €2,000 or over three cheques is placed in the register and they can be removed if they demonstrate that all cheques have been paid and 12 months have elapsed since the last dishonoured cheque was honoured
Bounced cheques in Cyprus amounting 1.52 million issued in first half 2014
