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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
Vietnam occupies leading positions in the global production of several agricultural commodities, ranking among the world’s top ten producers of rice, pork, oranges, cashew nuts and fish. The agribusiness sector plays an important role in ...
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Singapore has the most developed transport and energy infrastructure in the world. This is the result of decades of consistent government-led investments and planning to maximise the island’s potential as a global ...
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The textile sector is one of the oldest industries of India. The textile industry ranges from traditional hand weaving to technical textiles and modern textiles mills. India is the third-largest exporter of textile, with a 4.5% share in the world ...
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In 2020, Colombia’s agriculture, livestock, forestry, hunting and fisheries sector increased its share in overall GDP to 7.6%, from 6.4% in 2019. Between 2015 and 2020, the sector’s GVA rose at a CAGR of 3.2% in real terms. ...
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The banking sector was in the spotlight in 2020. To avoid a more profound collapse in economic activity due to the 2020 COVID-19 crisis, the Brazilian government issued several emergency measures that increased liquidity, while the central bank ...
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India’s pharmaceuticals and healthcare sector has a global reputation. India accounts for approximately 20% of the worldwide market share of generic drugs, making it the leading exporter, particularly to the developing world. India is ...
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According to figures from Colombia’s statistics office, DANE, the country’s ICT sector was responsible for 2.9% of Colombia’s GDP, amounting to COP 28.98tn in 2020, as well as 2.2% of its imports and 1.2% of its exports in ...
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