Bounced cheques in Cyprus have reached a total value of €365,490 so far in 2025. This figure represents a significant financial impact as the number of bounced cheques continues to rise.
- Bounced cheques in Cyprus have reached a total value of €365,490 so far in 2025. This figure represents a significant financial impact as the number of bounced cheques continues to rise.
Bounced cheques: Recent Data from the Central Bank
According to data released by the Central Bank of Cyprus (CBC), there were 16 instances of bounced cheques recorded in August 2025, totalling €52,891. These cases are part of a preliminary list maintained in the Central Information Register for issuers of bounced cheques.
Who is Affected?
The CBC noted that in August alone, six entities were added to this list, comprising two legal entities and four individuals. Over the course of the year, from January to August, 161 bounced cheques have been registered, involving a total of 82 issuers. Of these, 46 were companies and 36 were individuals.
Growing Number of Registered Individuals
In August 2025, the number of persons recorded in the Central Information Register reached 17, which included six companies, four individuals, and seven individuals identified as controlling companies. Throughout the first eight months of the year, a total of 80 persons have been registered in this database, with categories including 29 companies, 18 individuals, and 33 individuals with control over companies.
The Financial Implications
The rise in bounced cheques highlights ongoing financial challenges for both individuals and businesses in Cyprus. The central bank’s data serves as an important indicator of the economic landscape and the financial health of entities operating within the region.
Monitoring and Future Actions
The Central Bank of Cyprus continues to monitor the situation closely, with the intention of ensuring transparency and accountability in financial dealings. The information collected in the Central Information Register is crucial for addressing issues related to bounced cheques and maintaining economic stability.
