MBNA reported that fourth quarter profits rose 2.9% to $540.2 million, compared to $524.8 million one year ago. Gross dollar volume for 4Q/02 hit $43.9 billion, compared to $39.2 billion for the fourth quarter of 2001, a 12.0% gain. Managed outstandings for 4Q/02 were $107.3 billion, compared to $97.5 billion one year ago, a 10% increase. Charge-offs increased to 5.04% for 4Q/02, compared to 4.86% one year ago. Delinquency declined 21 basis points over the past twelve months from 5.09% to 4.88%. MBNA’s net interest margin also declined. For 4Q/02 MBNA’s NIM dropped to 8.47% from 9.00% one year ago. For the year, MBNA added 14.2 million new customers or 12.0 million new accounts. The company acquired 405 new endorsements from organizations and renewed more than 1,100 group contracts during the year. For complete details on MBNA’s latest performance visit CardData ([www.carddata.com]).