Credit conditions worsen in Feb.

Credit conditions worsened in Greece last month (February), with the value of bounced checks totaling 182 million euros, up 5.64 pct compared with the previous month and a spectacular 365 pct higher compared with the same month, official figures showed on Tuesday.

A report by Teresias SA, the credit market watchdog, said that bounced checks totaled 16,663 in volume, down 6.6 pct from January but up 315 pct compared with February 2010. In the two-month period, from January to February, the value of bounced checks totaled 354.3 million euros and in 34,514 in volume.

Unpaid bills totaled 13,247 in volume, up 4.2 pct from January, and up 208 pct from February 2010, while in value they rose 20 pct from the previous month and 211 pct from February last year. In the first two months, the value of unpaid bills totaled 45 million euros.

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