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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.
The gross value added of financial and insurance activities generated 3.8% of the country’s GDP in 2019 and absorbed around 20% of total FDI. The sector’s density and penetration is low by international standards, providing ...
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Indonesia is the largest electric power producer in ASEAN, and the fifth largest in the Asia Pacific region (excl. China). At the same time, the gross value added (GVA) generated by the electricity supply sector accounts for just 1% of ...
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In Q4 2020 and the first few months of 2021, China’s construction sector has continued to accelerate recovery from COVID-19. Thanks to the firm control of the spread of the pandemic, the country has recorded positive results across ...
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Malaysia has a varied chemicals sector with a significant role in the ASEAN region. Malaysia is one of the region’s most substantial petrochemicals and exporters, thanks to the country’s sizable crude oil and natural gas reserves ...
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The wholesale and retail trade sector is one of the main engines of economic growth in Indonesia. The sector generated 13% of the country’s GDP in 2020 with household consumption taking a 58% share in GDP. Almost 25mn people are ...
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The revenue of China’s beverage sector rose by 3.3% y/y to RMB 390.4bn in the fourth quarter of 2020, driven by increased sales of high-end baijiu and grape wine. Beverage retail sales in October-December 2020 surged by 19 ...
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Poland has had a long tradition in the metal processing industry. And, at present, it is one of the most developed industries in the country. In 2019, however, the country’s metal production volume decreased by 7.7% y/y to 35.6mn ...
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Malaysia is the third-largest motor vehicle manufacturer and market (excluding motorcycles) in the ASEAN region, behind Thailand and Indonesia. The motor vehicle industry (including motorcycles) was dominated by ...
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Indians boosted their consumer electronics purchases in the year-end festive sales period, even as they cut back spending on most other items. Budget and premium segments have benefited at the expense of mid-ranged product lines as ...
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The year 2020 was particularly harsh for the global economy following the outbreak of the Coronavirus pandemic. The Colombian economy experienced its first recession since 1999, with GDP contracting by 6.8 y/y. The banking sector was no ...
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