Margin fall manageable for bankmecu

Mecu Limited offset a 20 basis point decline in its interest margin over the year to June 2012 to report a net profit of A$27.0 million, only $500,000 lower than the year before. read more

Emerchants grows too slowly for vendors

The vendor of the Emerchants pre-paid cards business failed to earn any contingent payment for a second year in a row in the 2012 financial year. Adept Solutions, the new owner of the business, fail.. read more

Tax benefit props up EzeATM

A tax benefit of A$1.1 million accounted for two-thirds of the $1.6 million reported profit of EzeATM in the year to June 2012. The pre-tax profit for the business was $420,000. read more

No ATM profits for GRG

ATM operator GRG broke even on its automatic teller machine operations in Australia in the year to June 2012 but reported a loss on its international business. read more

Silver Chef selling bonds

Investors in an unrated bond being marketed by small business equipment financier Silver Chef will diversify the firm's funding away from long-term banker, Commonwealth Bank. read more

RMBS value for small banks

Suncorp Bank yesterday finalised terms for the sale of A$1 billion in mortgage-backed securities, a deal noteworthy for the limited participation of the Australian Office of Financial Management. read more

Sticky deposits support MyState earnings

Hobart-based MyState Limited is making progress with its newly acquired banking subsidiary in Rockhampton, but reporting static data on its trustee and asset management arm in Tasmania. read more