Monthly average of bounced payment instruments stood at 640 million, with a peak reached in July, when more than one billion payment instruments bounced.
“Companies have fewer cash and insolvency problems. We saw economic growth and it shows in the decline in bounced payments. Still, things may change given the technical recession we are in right now,” believes economic analyst Dragos Cabat.
The total number of accountholders that generated bounced payments in January-September is about 28,000, lower than the 39,000 in the year-ago period.
“This trend is because a certain improvement in the financial situation of companies. Bounced payments occur when companies do not have cash in their accounts and cannot settle their obligations,” says analyst Aurelian Dochia.
“This decline is a good sign. If economic growth prospects maintain, the downward trend will continue, as well. On the other hand, the economic growth problems in the European Union do not rule out a reversal of the trend.”
If a promissory note or check is not cashed, the parties can settle amicably or in court, and the latter may lead to insolvency. The number of companies that went insolvent in the first eight months of the year reached 15,700, down almost 15% on the year-ago period, according to Trade Registry data.
(English version by Loredana Fratila-Cristescu)