A total of 35 bounced cheques were registered in the Central Information Registry (CIR) for bad cheques in April, the Central Bank of Cyprus (CBC) said on Monday.

According to the CBC, the value of these cheques increased to €72.466 compared with €115,812 in March 2023 and €437,999 in April 2022.

In the first four months of 2023, a total of 127 cheques were registered in the preliminary CIR, compared to 130 in the respective period of 2022, with the total value amounting to €349,160 which is significantly reduced compared with €746,220 in the first two months of last year.

In April, a total of 34 persons were registered in the CIR of which 13 are legal persons, 3 natural persons and 18 persons controlling legal entities, the CBC added.

Furthermore, 21 persons were registered in the CIR’s preliminary list of which 12 legal entities and 9 natural persons.