This year, Cyprus has seen fewer bounced cheques, according to recent data from the Central Bank of Cyprus (CBC). In April alone, 16 cheques bounced, with a total value of €36,152. This marks a notable shift in the financial landscape, reflecting a decline in cheque-related issues.
The CBC’s report indicated that the 16 bounced cheques included 18 entries in their preliminary list, involving eight legal entities and three natural persons. This distribution highlights the impact on both businesses and individuals.
Trends in Bounced Cheques
Examining the broader statistics, the first four months of 2026 recorded a total of 59 bounced cheques, amounting to €178,476. In comparison, the same timeframe in 2025 saw 84 cheques bounce, valued at €179,424. Despite the total value remaining relatively stable, the decrease in the number of incidents is significant.
Changes in Registration Numbers
Alongside the reduction in bounced cheques, the Central Information Register (CIR) noted an increase in registrations. In April, 16 new individuals were registered, comprising five legal entities, three natural persons, and eight individuals controlling legal entities. This is an increase from the corresponding period in 2025, which had 38 registrations including 15 legal entities, seven natural persons, and 16 controlling individuals.
Implications for the Financial System
The data suggests a complex relationship between the number of bounced cheques and the overall financial well-being of businesses and individuals in Cyprus. While fewer bounced cheques may indicate improved financial stability for some, the rising number of registrations in the CIR could signal heightened scrutiny or financial distress for others.
