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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 c🧜redit 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 Colombian oil and gas sector is a 🐻traditionally export-oriented industry of great importance fဣor the country’s foreign trade and economic activity. In 2020, the sector accounted for 4.3% of the country’s GDP and 28.1% of ...
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Thailand is the largest producer of four-wheel vehicles in the ASEAN reg🅰ion and the 11th largest vehicle producer in the world. Additionally, the Thai four-wheel vehicle market is the second-largest in ASEAN and the 17th-largest market in ...
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In the second quarter of 2021, the sales revenue of China’s retail sector reached RMB 10,668bn, representing a y/y increase of 13.9%. Compared to the second quarter of 2019, before the c♓oronavirus crisis, this indicator ...
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Brazil’s insurance sector continued to grow in 2019, with total premiums reaching 6.7% of the country’s GDP. Duri🌟ng the year, total insurance premium income rose by 9.9% y/y to BRL 489.1bn, posting its best performance in terms ...
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The MENA region presents high potential for infrastructure dev🍰elopment. According to the World Bank, the region would need to spend at least 8.2% of its GDP per year to tap the infrastructure gap and meet the needs of its gr🎀owing ...
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Afric🌟a’s infrastructure deficit is long-standing and well-known. Although USD 297.2bn were committed to transport and energy infrastructure projects on the continent between 2014 and 2018, only four countrꦗies, Egypt, Morocco, ...
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Turkey is home 🍰to the second largest renewables-based power capacity in Emerging Europe after Russia. With almost 50 GW of installed capacity, renewables contribute to more than⛄ half of the total capacity, and 42% of the power ...
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The steel sector is both the backbone of the Indi𒐪an economy and a growth-promising sector. The growth of the sector is supported by the availability of raw material such as iron ore and cost-effective&nb💎sp;labour in the country. ...
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The Mexican agriculture sector, including crop, livestock and fisheries, plays a key role in the domestic economy. Agriculture GVA accounte🐼d for 3.8% of GDP in 2020, and the sector is amon𝄹g the largest employers in the country ...
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Civil engineering construction and assembly production by construction entities in Po🅘land was worth PLN 57.6bn in 2019, recording an increase of 6.3% t꧟hat year, while the construction and assembly production of specialised construction ...
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