Net income for 2QFY17 rose 16.3% to RM1.35 billion from RM1.17 billion a year ago. HLA's increase in profitability was mainly due to lower actuarial reserve provisioning of RM72.7 million, a higher share of profit from associated company and higher revenue. Customer deposits grew by 4.1% to RM151 billion as at Dec 31, 2016, while Hong Leong Bank's loan to deposit ratio remained sound at 81.9% as at Dec 31, 2016. Gross impaired loan ratios stood at 0.86% as at Dec 31, 2016, while loan loss coverage was at 107%. HLFG's shares closed up 12 sen (0.8%) to RM15.12 at 12.30pm today, and for a market capitalisation of RM17.41 billion,

Source: The Edge Markets February 21, 2017 06:00 UTC