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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 ar🐲e depositary and non-depositary credit intermediation and related activities, investment banking, sec꧟urities 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.
Peru is one of the leading glo🤪bal players in the production of metallic minerals. In 2018, the country ranked second in the world in terms of mine output of silver, copper and zinc, with global shares of 15.2%, 11.6% and 11.ಌ3%, respectively. Moreover ...
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Brazil is among the leaders in the global IT market. In 2017, its sales accounted f🥃or 1.9% of the worldwide total, ranking ninth in the world and first in Latin America. Within the region, its leadership is undisputed, as it is responsible for 39.1% ...
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Russia’s food and beverage s🌺ector has a minor share in this oil-dependent economy, generating just 1.7% of the GDP in 2018. The sector employed 840,000 people, equal to 2.5% of the🌼 country’s workforce and earned 5.5% of the export revenue ...
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In 2018꧙, Mexico was the world’s sixth largest vehicle manufacturer, with an output of 4.1mn units, climbing one place compared to 2017. Between 2012 and 2018, domestic vehicle production surged by a cumulative 35.1%, propelled by two fac🌟tors ...
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Malaysia’s power sector is divided into three sub-markets, namely Peninsular Malaysia, Sabah (including the federal territory of Labuan), aꩲnd Sarawak. Tenaga Nasional Bhd (TNB) is the main utility in Peninsular Malaysia, while Sabah Electricity ...
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China’s aviation sector is of key importance to the national economy, reflecting its increasing level of modernisation and robust growth. China’s vast territory and its geographical location assign the aviation sector a roౠle that other ...
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Indonesia, home to abundant coal and gas reserves, r✃elies on fossil fuels to generate nearly 90% of its electricity. Coal is the dominant fuel, accounting for 59% of electricity generation in 2017. The share of renewable energy resources (RES) in the ...
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As the growth of China’s GDP and car sales have slowed, the expansion of its car parts industry has decelerated too. Statistics published by Chinese research consultancy Qianzhan Intelligence estimate the total sales revenue of ෴China’s ...
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In 2017 Poland preserved its position as t💎he sixth largest electricity producer in the EU. The electric power sector has a major economic and social impact on the Polish economy. It generated revenue of PLN 132.6bn in 2017, which was equivalent to 6 ...
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China’s healthcare sector continued to♉ grow in Q4 2018, largely stimulated by the expansion of online healthcare services. The growth was attributed to increasing demand for quality healthcare, driven by the country’s strong economic ...
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