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.
Russia’s construction sector generated a gross value added (GVA) of RUB 4.7tn in 2015, accounting for 6.4% of the economy’s total GVA. The real estate, renting and business activity generated a GVA of RUB 12.5tn in 2015, accounting for 17 ...
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As the world’s second-largest economy, China relies heavily on natural resources, which are essential for the country’s sustainable development. Rising energy consumption has already made China the world’s largest producer and ...
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India’s 1.3-bn population has given rise to a sizeable healthcare sector and one of the largest pharmaceutical markets in Asia. Both the healthcare and drug markets are plagued by uneven geographical spread, low levels of public expenditure and ...
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As China has grown to be the world's biggest economy, the generation, trade and consumption of electricity have become an increasingly crucial component of the country's growth and energy needs. The introduction and development of renewable energy ...
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In 2012-2016, loans and deposits in Argentinean banks grew at CAGRs of 28.7% and 33.8%, respectively. In 2016 alone, the sector’s deposit base expanded by 45.2% y/y, its strongest growth in the last five years, while the banks’ loan ...
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The Colombian motor vehicle sector is a relatively small industry with great potential for future growth, given the fact that the country has the third-largest population in Latin America, with 48.8mn inhabitants as of the end of 2016. At the same ...
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China’s transportation sector is almost entirely run by state-owned corporations, as its development is viewed as a major driver for the country’s economic growth. The high-speed rail (HSR) network grew by more than 1,903 km to 21,741 km ...
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The wood, paper and furniture industry is one of the key ones in the Polish economy, generating around 6.5% of the country’s GDP. The sector’s exports constitute around 11% of the country's total exports and are of major importance - ...
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As in any developed or emerging market, financial intermediation in Romania represents an important generator of wealth and stability for the whole economy. With net assets of credit institutions amounting to 51.9% of the GDP, the financial sector ...
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The Turkish information and communications technologies (ICT) sector has been expanding rapidly in recent years supported by the country’s young population, rising incomes and improving computer literacy. The sector achieved a real growth of 6 ...
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