Fleet Financial Group’s fourth quarter was essentially flat compared to the third quarter according to Bankcard Update/CardData. Fleet’s receivables grew a mere $42.2 million and its credit card customer base increased slightly less than 8,000 accounts. The issuer is in the process of absorbing the Advanta portfolio and installing a new card czar.
FLEET FINANCIAL FOURTH QUARTER 1997 STATS (12-31-97)
RECV Q-VOL YTD-VOL ACCTS ACTVS CIF
Fleet $2.7b $1.0b $3.4b 2.3m 1.4m N-R
recv-receivables; vol-volume; accts-accounts; actvs-actives;
Source CardWeb, Inc.’s Bankcard Update/CardData