Metris Companies/Direct Merchants Credit Card Bank reported a net loss for the second quarter of $15.7 million, compared to a $25.0 million loss in the first quarter, and $36 million loss one year ago. Managed credit card loans at the end of the second quarter were $10.1 billion, compared to $10.7 billion in the first quarter, and $11.4 billion one year ago. Metris says the decrease in managed portfolio balances was due to continued slower account growth, tighter underwriting standards and more stringent credit line management strategies. During the second quarter, the managed net charge-off rate for the second quarter was 19.1%, compared to 18.0% for the prior quarter, and 14.9% for the second quarter 2002. The managed 2Q/03 delinquency rate was 11.2%, compared to 11.5% at March 31st, and 10.1% at June 30, 2002. For complete details on Metris/Direct Merchants Credit Card Bank 2Q/03 results visit CardData ([www.carddata.com]).