Beneficial National Bank is unlikely to run into significant problems in its tax-refund loan program, analysts and Beneficial officials said Monday, now that the riskiest part - lending in anticipipation of earned- income tax credit refunds - has been halted.

Executives at Beneficial Corp. said the bank is much less vulnerabile on its main refund program, which is still running, than on the program that lent to customers who make less than $25,000 a year and are eligible for the earned-income tax credit.

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