Providian reported 1Q/03 net income of $4.7 million, compared to net income of $10.0 million in the first quarter of 2002. The issuer added approximately 600,000 new accounts in the first quarter, ending the quarter with approximately 11.7 million accounts. Managed loans for the first quarter were $18.47 billion, compared to $19.63 billion one year ago. Providian says the decline in managed loans was due to net credit losses and a seasonal increase in payments. Charge-offs for 1Q/03 were 17.61%, compared to 17.34% in the previous quarter, and 15.05% one year ago. Providian’s 30+ day delinquency rate at the end of the first quarter was 10.31%, compared to 11.11% at the end of the fourth quarter, and 10.22% at the end of 1Q/02. For complete details on Providian’s 1Q/03 performance visit CardData ([www.carddata.com]).