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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 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.
After a difficult 2019, 2020 proved to be even more challenging for the banking industry in Argentina. The COVID-19 pandemic led to a deep economic slump, with GDP plunging by 9.9% in 2020. Several industries such as tourism, hotels and ...
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China’s cement output experienced rapid growth in the past 10 years, rising from 1.8bn tonnes in 2010 to 2.4bn tonnes in 2020. But the sector’s fast expansion also caused a series of issues, such as environmental ...
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Commercial banks have a dominating presence in the Malaysian banking sector and they accounted for 69.6% of the total assets as of 2020, followed by Islamic banks with 29.7% of the total assets. The balance is held ...
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The F&B sector is identified as a fast-growing industry in Malaysia, dominated by small and medium enterprises (SMEs). According to Food and Beverage Industry – Malaysia 2020 report by Flanders Investment and Trade, the F&B ...
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Brazil’s transport infrastructure sector contains a diverse landscape. While some sub-sectors, namely road infrastructure, are still dominated by the federal and state governments, others such as the railways have been marked by a ...
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Thailand has a broad range of natural, cultural, and modern attractions to cater to practically every tourist’s desires. More recently, Thailand has also developed a strong reputation in the medical and wellness tourism niches. ...
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India’s real estate sector is important for the domestic economy given its contribution to GDP and its share in employment generation in the country. The sector contributes around 5-6% to gross value added (GVA) and is, together with ...
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After slowing down in the last quarter of 2020, the growth of China’s insurance sector picked up pace in Q1 2021. The premium income from January to March 2021 grew by 7.8% y/y, compared to 1.8% in Q4 2020. However, the sector has not ...
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In Q1 2021, China's banking sector continued to recover at a steady pace, as the country's economy grew by a record 18.3% y/y. After a 2.7%y/y decline in 2020, the aggregated net profit of Chinese commercial banks increased by 2.4% y/y in Q12021 to ...
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The COVID-19 pandemic aggravated the fragile situation of the Argentine economy, which experienced its third consecutive year of recession in 2020. In this context, motor vehicle production, domestic sales and export volumes dropped by 18.3%, 25.5% ...
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