GT Capital income seen growing 19%

By Brix Lelis

Mar 09, 2024 12:24 am

TY-LED GT Capital Holdings Inc.'s net income will likely expand by 19 percent this year, fueled by the continued robust growth of its automobile and banking businesses, Maybank Investment Banking Group said on Friday.

In a report, Maybank said Metropolitan Bank and Trust Co. (Metrobank) and Toyota Motor Philippines (TMP) would remain the growth drivers for GT Capital, accounting for a combined 80 percent of consolidated earnings in 2024.

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