MBNA Corp.

THE BALTIMORE SUN

The former subsidiary of MNC Financial Inc. that is one of the nation's biggest issuers of credit cards said yesterday that it earned $33.2 million during the quarter that ended June 30, up 15.2 percent from its earnings for the same quarter of 1990.

MBNA, based in Newark, Del., is the parent company for MBNA America Bank. The bank is the nation's third-largest credit card issuer.

MBNA said that the delinquency rate on its credit card loans fell to 4.2 percent on June 30 from 4.52 percent at the end of last year.

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