MBNA reported third quarter net income of $478.3 million, an increase of 25.6% compared to 3Q/00. However managed charge-offs have increased 26% since last year, climbing from 3.88% to 4.90%. Reported delinquency for 3Q was 4.23% compared to 4.65% last year, however the 3Q/01 delinquency figure was skewed by the special treatment of accounts affected by the Sept 11th events. Discounting the special account treatment, MBNA says the actual delinquency would probably fall between 4.85% and 4.95%. Total managed loans at Sept. 30 stood at $92.6 billion. Charge volume was up 14%, from $35.9 billion for 3Q/01 compared to $31.4 billion for the same quarter one year ago. During the second quarter MBNA signed up 2.4 million new accounts or 3.2 million new cardholders. The issuer signed up 250,000 new cardholders via the Internet during the third quarter. During the third quarter MBNA acquired 102 new affinity agreements with a variety of organizations in the USA, UK, and Canada. MBNA’s online account access now serves more than 4.8 million customers. For complete information on MBNA’s third quarter results visit CardData ([www.carddata.com]).