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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.
The Polish banking sector is one of the most developed in Central and Eastern Europe (CEE), but it still lags the level of development in Western Europe. At the end of 2020, the banking sector’s assets were worth 101.7% of GDP, which ...
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In Q1 2021, China’s chemical sector presented superb performance, significantly expanding both demand and supply. On the demand side, the sales revenue of the sector ascended by 39.7% y/y to RMB 1,761bn. Compared to Q1 2019 (before ...
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The revenue of China’s beverage sector jumped by 29.1% y/y to RMB 409bn in Q1 2021, driven by increased sales. Beverage retail sales for the same period surged by 37.8% y/y to RMB 64.4bn. The sector’s total profit reached RMB 76 ...
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Since the 1970s, the Malaysian government has identified infrastructure development as a critical enabler for the country’s transition to an industrialised economy. Throughout this period, the Malaysian government ...
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Malaysia's Agriculture, Forestry and Fishing sector accounted for 8.2% of GDP, growing ?? 5.9% y/y in 2020. With a share of 43.7%, palm oil was the major contributor to agricultural sector GDP in 2020, followed by livestock (15.1%), ...
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In Q4 2020, the automotive sector in China continued to improve in terms of production and sales on the back of economic recovery and stronger market demand. The automotive production increased by 8.8% y/y to 8.2mn units. Output of ...
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In 2020, retail sales in Brazil rose by 1.2% y/y in volume terms, despite the negative effects of the COVID-19 pandemic and the contraction of the country’s GDP by 4.1% y/y. The overall positive performance of the retail sector was ...
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Since China initiated 5G technology R&D and standard formulation in 2013, the landmark national-level policy has been Made in China 2025 issued by the State Council in 2015. 5G technology, along with integrated circuits ...
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Thailand has a long-established reputation for being the “kitchen of the world”, with its food and beverage producers reaching consumers worldwide. Thailand is Asia’s second-largest net food exporter. The country ...
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Revenues from the production, distribution and trade of electricity stood at PLN 154.1bn in 2019 (latest available data), recording an increase of 15.4% y/y and corresponding to 6.7% of Poland’s GDP. In 2020, gross electric energy ...
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