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As a result, TFSPH said its loan portfolio during the period grew by 41 percent year-on-year to P24 billion.
"Rest assured that as Toyota continues to offer quality vehicles that cater to each market segment's needs, TFSPH will keep on tailor-fitting services to make owning a Toyota vehicle affordable for our customers," Mototaka Sato, TFSPH president said.
From 2012 to last year, TFSPH saw a significant trend in increased auto financing for the middle-class market with monthly income of P20,000 to P100,000.
TFSPH said the growth can also be seen in data for the first half of 2013 and 2014, which recorded 72.98 percent and 76.15 percent, respectively.
"This is a clear indication that the middle class in the Philippines, with its purchasing power, is rapidly expanding," TFSPH said.
TFSPH said most popular Toyota vehicles bought by the middle class market are the Vios, Innova and Avanza.
TFSPH is part of Toyota's network of sales finance companies under Toyota Financial Services Corporation (TFSC) that operates in over 35 countries worldwide.
'At present, TFSPH has over 90,000 customers and over P50-billion earning assets as we continue to be the No.
TFSPH, which has been operating in the country for over 15 years now, said it would be expanding its business centers in the last quarter of 2017.
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