The nation’ second largest bank credit card issuer reported this morning it added 2.2 million accounts or 2.6 million new cardholders during the second quarter, a 12% decline from new account activity generated during the first three months of 2001. Last year, MBNA signed up 3.4 million new customers, representing 2.6 million new accounts during the second quarter. Meanwhile delinquency and charge-offs were sharply higher than last year. Delinquency (30+ days) on total managed loans stood at 4.57% at mid-year compared to 4.44% for 2Q/00. Managed loan losses for the first six months of 2001 were 4.59% compared to 4.01% for the first half of 2000. However MBNA’s net interest margin soared to 8.33% for the second quarter compared to 7.12% one year ago. Total managed loans at June 30, were $90.4 billion, a $2.5 billion increase over first quarter 2001 and a $14.1 billion increase over second quarter 2000. During the quarter MBNA signed up 106 new affinity programs compared to 113 programs for 2Q/00. The company also renewed 270 group contracts during the second quarter. Charge volume for 2Q/01 was $35.3 billion compared to $31.1 billion for second quarter 2000. For complete details on MBNA’s second quarter performance and past performance visit CardData ([www.carddata.com]).