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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 revenue of China’s mobile communications equipment sector rose by 5.4% y/y in the first three quarters of 2020, according to MIIT. The total profit during this period increased by 8.4% y/y.? At end-September 2020, the total number ...
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India is the third-largest consumer of oil and natural gas in the world, after China and the US. Nevertheless, India’s per capita consumption of oil and gas remains considerably lower than its two giant counterparts, suggesting there ...
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The transportation sector accounts for 5.6% of the country’s GDP but its indirect contribution is much larger given its status as an enabler of faster economic growth. The road modal dominates with 44% of the total ...
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The government of Indonesia recognises the tourism industry as a vital driver of economic growth and is trying to work towards its development. The sector is being seen as much as an important contributor to employment as ...
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Colombia's oil and gas sector is of great importance to the country, both in terms of foreign trade and investment, accounting for 40% of exports and 19% of all foreign direct investment in the country in 2019. Despite the liberalisation ...
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Over the past decade, the consumer goods and retail sector in the Philippines showed excellent performance that was generally the result of the decent economic growth rate. ?Growth in the county has been underpinned by the economic ...
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The agriculture, livestock and fisheries sector in Brazil plays a key role in the domestic economy, accounting for 5.1% of total GDP, 24.6% of total export value and 3.7% of total employment in 2018. The recent economic and political ...
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Colombia is one of the leading economies in Latin America in terms of GDP and is also one of the more stable countries in the region in terms of its economic policies and regulatory environment. The mining sector represents 1.6% of the ...
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Brazil is a relevant player in the global IT market, accounting for 2.1% of the sales of hardware, software and IT services worldwide in 2018. The country holds the ninth position globally, while ranking first regionally with a 42.8% share ...
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Brazil is among the leading players in the global metal processing industry. The country was not only the ninth largest crude steel producer in the world and the sixth leading net steel exporter in 2019 but also one of the top 20 primary ...
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