ANZ's business in Asia reported a decline in profit for a second half in a row for the bank. The decline is relatively marked in Australian dollar terms and less so in US dollar terms.The bank said its businesses in Asia earned a net profit of A$234 million in the half year to March 2010, down 22 per cent over the half year and down 44 per cent over the full year.In US dollar terms the profit was US$145 million, down one per cent over six months and down 10 per cent over a year.Interestingly, the reported profit for "Asian partnerships" - the minority stakes in China, Malaysia and the Philippines - was slightly more than for the whole of the Asian geographic region.So there must be some losses around the bank's Asian businesses, a segment for which ANZ still does not make much disclosure.ANZ noted that 2010 will be "a lower growth year" after profit growth averaging 59 per cent in 2008 and 2009, though this relates to the wider business division that includes institutional banking in Europe and America. The purchase of several regional businesses of Royal Bank of Scotland, and the costs in folding those into the remainder of ANZ's operations, is the reason for this slow-down in earnings.  The widely ignored south Pacific business of ANZ reported increased profits over the half, up nine per cent to A$70 million, or up 19 per cent to US$63 million.