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.
Indonesia is the world’s third largest producer and consumer of rice and the largest producer of palm oil. The country is also the third largest producer of cocoa and ranks second in terms of wheat imports. Given its large population, Indonesia ...
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Chile is a relatively small economy, ranking 43rd globally and fifth in Latin America in 2019 according to the IMF. However, its retail sector is well developed, mature and sophisticated, and in many aspects on a par with those of developed countries ...
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The extraction of oil and gas is one of Argentina’s main economic sectors, accounting for 8% of GDP and 2.5% of exports in 2019, as well as 1% of total employment at the end of that year. After a decade of underinvestment, the production of ...
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The electric power generated revenue of PLN 133.5bn in 2018, which was equivalent to 6.3% of Poland's GDP. In 2019, electricity generation dropped by 3.5% y/y to 145 TWh, while consumption decreased by 0.7% y/y to 154.7 TWh. As a result, for the ...
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The metallic and non-metallic mineral mining sector generated 1.3% of Poland’s GDP in 2018 and provided employment to 14,960 persons. The main non-coal minerals extracted in Poland are copper, silver, zinc and lead, as well as many industrial ...
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On the back of robust domestic demand and high foreign investment, Poland has become one of the largest producers and exporters of computer hardware in CEE. The country has managed to turn itself into a key IT hub for the region, and also boasts a ...
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Thailand’s socioeconomic background is conducive to growth in the insurance sector. Years of robust economic growth have contributed to a rising middle-class. Thailand is also aging at a rapid pace, and the complex, evolving needs of the ...
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The Philippine banking sector has consistently achieved growth in recent years, following the growth of the Philippine economy. Being at the core of the country’s financial system, it is expected to grow on the same trajectory as the economy. ...
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Thailand’s strong economic growth has resulted in a constantly increasing demand for oil and gas. Natural gas accounts for about 60% of the country’s power generation. Its oil and gas reserves are decreasing amid rising domestic petroleum ...
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China is the world’s leading producer and exporter of textiles and apparel. The sustained and stable growth of textile and apparel exports is crucial in ensuring China's foreign exchange reserves, balance of international payments, stable RMB ...
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