GT Capital Holdings’s banking and automotive businesses continued to be its growth drivers, with core profit rising by 21 percent to P26 billion in the first three quarters of this year.
Company president Carmelo Maria Luza Bautista said the group achieved this growth even with the local economy seeing its slowest pace yet in four years last quarter.
‘Loan growth and continued motorization drove the businesses of our main operating companies,’ Bautista said.
Metropolitan Bank and Trust Co. saw a record profit of P37.3 billion on the back of loan growth.
Toyota Motor Philippines, meanwhile, posted a 38-percent rise in January-September earnings with P16.8 billion. Consolidated revenues also climbed 11.6 percent to P199.6 billion.