Advanta announced yesterday it will now focus all its operating activities on the business credit card operation and small business market. The news follows the closing of several deals to unload other Advanta businesses including its mortgage business. First quarter net income for Advanta Business Cards was $8.3 million, representing an after tax return on average managed receivables of 2.0% on an annualized basis. Business Cards ended the quarter with managed receivables of $1.78 billion, as compared to $1.66 billion at year end 2000. Delinquencies (30+ days) were 5.2% for 1Q/01 compared to 3.44% one year ago. Charge-offs for the first quarter were 6.5% on an annualized basis compared to 4.42% for 1Q/00. For complete details on Advanta’s 1Q/01 and previous performance please visit CardData ([www.carddata.com]).