UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 31, 1997
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MBNA Corporation
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(Exact name of registrant as specified in its charter)
Maryland 1-10683 52-1713008
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
Wilmington, Delaware 19884
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (800) 362-6255
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(Former name or former address, if changed since last report.)
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Item 5. Other Events
The net credit losses and loan delinquencies for MBNA America Bank, N.A.
("the Bank"), a wholly owned subsidiary of MBNA Corporation, for its net loan
portfolio and its managed loan portfolio for January 31, 1997, were as follows:
Net
Credit Losses Delinquency (3)
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(Annualized)
Net Loan Portfolio (1)
January 1997 1.16% 3.80%
Managed Loan Portfolio (2)
January 1997 3.69% 4.31%
(1) Net loan portfolio delinquency does not include securitized loans
or loans held for securitization.
(2) Managed loan portfolio includes the Bank's loan portfolio, loans held
for securitization, and securitized loans.
(3) Delinquency represents loans which are 30 days or more past due.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
MBNA CORPORATION
Date: February 14, 1997 By: /s/ M. Scot Kaufman
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M. Scot Kaufman
Executive Vice President
and Chief Financial Officer
