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.
According to the Monthly Survey of Trade (PMC) by Brazil's Statistics Office (IBGE), in September 2023, the retail trade in Brazil witnessed a 0.6% growth in sales volume compared to August 2023, adjusted for seasonal variations. This marked a ...
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The Brazilian fintech sector features a variety of players and services. Despite the large number of companies operating through online platforms and providing innovative financial services in Brazil, only 210 of these firms were being monitored by ...
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In Q2 2023, sales of new motor vehicles in Brazil reached 526,782 units, increasing by 11.7% q/q and by 2.8% y/y. Passenger cars was the leading category with a market share of 73.6% in total sales during Q2 2023, followed by light commercial ...
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Africa's telecommunications industry has expanded rapidly in recent years, driven primarily by the mobile services segment. The number of mobile cellular subscribers in Africa more than doubled over the past decade rising at a CAGR of 7% in the ...
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Despite the recent efforts to transform Poland's energy sector, in 2022, still more than 70% of total energy generation came from coal, with hard coal responsible for 44.2% and lignite for 26.5%. The importance of coal for the energy sector, however, ...
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Malaysia has substantial reserves of crude oil and natural gas. Petroliam Nasional Bhd (Petronas) was established by the Malaysian government in 1974 as the national oil company and owner and steward of the country's hydrocarbon deposits. Petronas ...
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The real estate sector plays an important role in China's economy. In 2022, the share of the sector's sales revenue in the country's GDP reached nearly 11%. In addition, the real estate sector contributed 23.2% of the country's fixed asset investment ...
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China is the world's largest producer, consumer, and exporter of steel. In 2022, China's output of crude steel reached 1bn tonnes, accounting for 52.6% of the world's total, data from the World Steel Association (WSA) showed. Due to China's enormous ...
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Traditional, unorganised producers and distributors dominate India's thriving consumer goods and retail sector. Modern consumer goods manufacturers and retailers are expanding into the Indian market, led by India's vast conglomerates. The COVID-19 ...
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As high inflation persists in Poland, consumers are spending more carefully. This trend has further intensified competition in the retail sector, prompting market players to improve their product offerings, launch promotions, and expand their sales ...
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