Providian reported 2Q/03 net income of $39.0 million, compared to net income of $4.7 million in the first quarter of this year, and $153.9 million for the second quarter of last year. The issuer added approximately 484,000 gross new accounts in the second quarter and ended the quarter with approximately 10.2 million customer accounts. During the quarter Providian launched the “Real Rewards VISA,” a new rewards card program that followed test marketing of several programs over the past nine months. Managed loans for the second quarter were $17.8 billion. Providian Bank is in the process of unloading $859 million in credit card loans. Charge-offs for 2Q/03 were 16.84% compared to 17.61% in the previous quarter. Providian’s 30+ day delinquency rate at the end of the second quarter was 9.72%, compared to 10.31% at the end of the first quarter. The reported and managed net interest margins on loans in the second quarter were 10.16% and 15.09%, compared to 11.50% and 15.41% in the first quarter of 2003, respectively. For complete details on Providian’s 2Q/03 performance visit CardData ([www.carddata.com]).