While MI-based National City card loans have been contracting over the past two years, volume has been growing steadily. During the fourth quarter National City posted volume of $1.6 billion, a 7% gain over the prior year. Card loans slipped to $2.4 billion, compared to $2.5 billion for 4Q/04 and $2.6 billion for 4Q/03. At the end of the fourth quarter, National City had 1,141,622 active accounts. For complete details on National City’s fourth quarter results, visit CardData ([www.carddata.com]).
NATL CITY CARD VOLUME HISTORICAL
4Q/01: $1186 million
4Q/02: $1276 million
4Q/03: $1577 million
4Q/04: $1530 million
4Q/05: $1639 million
Source: CardData (www.carddata.com)