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Business / Qatar Business

Qatar Credit Bureau settled cheques up 108 percent

Published: 16 Jan 2023 - 08:11 am | Last Updated: 16 Jan 2023 - 08:12 am

QNA

Doha: Qatar Credit Bureau said that the number of settled cheques in 2022 for customers increased by 108 percent compared to 2021.

In a tweet, the center added that 42,574 cheques settled and changed from unpaid to paid in 2022.

The center added that the number of settled cheques in 2022 for companies increased by 45 percent compared to 

2021, and that 37,585 cheques settled and changed from unpaid to paid in 2022.

The Credit Bureau plays an important role in reducing the number of dishonored cheques by including them in the customers’ credit report.