ECONOMY FINANCE&BANKING MARKETS

Central bank’s register shows threefold increase of payment incidents in April

The Romanian banks rejected payment instruments worth 490 million lei in May, in a surge from less than 150 million lei in April, show data collected in the Payment Incidents Register of the National Bank of Romania (BNR, the central bank).
Rejected payments advanced by 3.6 percent from 477 million lei in June 2015.
The number of such incidents in May was 6,502, up from 5.535 in April, but down from 7,917 in May 2015.
Most incidents – both in terms of number and of value – involved promissory notes, with 6,265 rejected payments worth 481.6 million lei in May, up from 5,263 for 142 million lei in April.
Rejected cheques totalled 8.6 million lei in May and 7.2 million lei in April.

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