The amount of payments by debit instruments refused by commercial banks was 276.67 million lei this July, up 18 percent from the 234.3 million lei registered in June, according to data reported to the Payment Incidents Register of the National Bank of Romania.
Compared to the previous year the amount of payments refused by banks was however down to half from 554 million lei in August 2015.
The number of rejected payment operations was down in July to 5,588 from 6,125 in June, and below the 6,781 payment incidents registered one year before.
Promissory notes account for the bulk of transactions rejected by banks, both in terms of value and number. In July 2016, the rejected payments with such instruments amounted to 268.76 million lei, up from 225.36 million lei in the previous month. The number of payments by promissory notes denied by banks decreased from 5,830 in June 2016 to 5,288 one month later.
Rejected cheques totalled 7.88 million lei in July, down from 8.88 million lei in June.