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.
Metal processing is the third most important sector for the Russian economy, after the oil and gas industry and the agricultural sector ...
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The Philippine banking sector has been characterised with strong fundamentals given the various reforms the country has undertaken following the lessons from various crises in the past. This is good news for an emerging country ...
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Year 2020 was an exception year due to COVID-19. Prior to the pandemic, the transport and storage GDP saw robust growth of around 6% y/y between 2016 and 2019. Steady positive growth was also recorded across subsectors. The ...
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Latin America is a leading player in the global agriculture value chain, with the countries in the region ranking among the top ten global producers and exporters across various product groups such as cereals, oilseeds, coffee, fruits, meat ...
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Indonesia is home to ASEAN’s largest market for two- and four-wheel vehicles and the second largest motor vehicle producer. A number of global automotive brands have opened production sites in the country or plan to do so. ...
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In the first quarter of 2021, the sales volume and sales revenue of China’s real estate sector reached 360mn m2 and RMB 3,838bn, which represented y/y increases of 63.8% and 88.5%, respectively. Compared to the first quarter ...
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In Q1 2021, China’s iron and steel sector exhibited superb performance, significantly expanding both in terms of demand and supply. On the demand side, the sales volume and sales revenue of China’s steel products reached 188 ...
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After an uptick of 9.1% y/y in Q3 2020, the premium growth of China’s insurance sector recorded a remarkable deceleration in Q4 2020, at 1.8% y/y. The total assets of the insurance sector at end-2020 grew by 13.3% to RMB 23.3tn, ...
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The revenue of China’s food sector in Q1 2021 reached RMB 489.2bn, up by 23% y/y, driven by increased sales and prices of some major foods. The total profit of the food sector in January-March 2021 soared by 37.8% y/y ...
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The COVID-19 pandemic severely impaired the operations of the Mexican automotive sector. It suffered from disruptions to global supply chains, lockdown restrictions and dwindling demand, both in the domestic market and the US – the ...
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