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.
Poland has had a long tradition in the metal processing industry. And, at present, it is one of the most developed industries in the country. In 2019, however, the country’s metal production volume decreased by 7.7% y/y to 35.6mn ...
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Malaysia is the third-largest motor vehicle manufacturer and market (excluding motorcycles) in the ASEAN region, behind Thailand and Indonesia. The motor vehicle industry (including motorcycles) was dominated by ...
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Indians boosted their consumer electronics purchases in the year-end festive sales period, even as they cut back spending on most other items. Budget and premium segments have benefited at the expense of mid-ranged product lines as ...
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The year 2020 was particularly harsh for the global economy following the outbreak of the Coronavirus pandemic. The Colombian economy experienced its first recession since 1999, with GDP contracting by 6.8 y/y. The banking sector was no ...
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Thailand's Agriculture, Hunting, Forestry and Fishing sector accounted for 8% of the GDP, growing 1.6% y/y, in 2019. The sector accounted for 33.7% of Thailand’s total employment in 2019. Agricultural land claimed some 47% of the ...
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In October 2018, the government launched Thailand 4.0 to transform the country into a digital economy. This has proven to be beneficial for the ICT sector as it remains one of the fundamental drivers of digitalisation. ...
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With PLN 194bn of assets and PLN 63.8bn of premiums in 2019, the Polish insurance market is the largest in the Central and Eastern Europe (CEE). However, it remains far less saturated than Western European countries; the penetration rate is ...
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Accounting for 3.3% of total global chemical sector revenues, Brazil was the sixth largest global chemical market in 2019. Throughout the year, the Brazilian chemical market grew its share in the global chemical sector’s revenues by 0 ...
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The COVID-19 pandemic has accelerated the adoption of digital technology for daily activities not only in the “new normal” but also for the future. For households, better broadband connectivity became vital for working ...
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India’s infrastructure sector is a vital enabler of the country’s economic development. Presently, India’s infrastructure is comparatively underdeveloped when compared with other emerging market countries. In recent years, ...
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