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.
Malaysia has an established manufacturing base for consumer electronics, catering for both local and export demand. The country’s exposure to the global smartphone value chain is mainly in the semiconductor end, especially in ...
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Colombia’s ICT sector is of great importance to the country in terms of GDP, employment and investment. In 2019, the information and communications sector’s gross value added increased by 1.7% y/y in real terms, reaching COP 24 ...
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The effects of the COVID-19 pandemic influenced the performance of Brazil’s economy in 2020; the banking sector was no exception, reporting a drop in profitability with return on equity down 3.1pp as of September 2020 compared to ...
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The third quarter of 2020 was marked by a recovery of retail trade in Brazil. According to the IBGE Monthly Trade Survey, nominal sales revenue expanded by 10.8% y/y – the fastest pace since the beginning of the survey. In real terms, ...
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After recording a q/q major decline of 37.23% in Q2 FY2021, the crude steel production recorded a q/q increase of 55.76% in Q2 FY2021. Among the top players, Tata Steel ltd contributed the maximum (17.8%) in the q/q increase in crude steel ...
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The growth of the cement sector in India is closely aligned to the prospects of housing, infrastructure and industrial activity. India is the second largest producer of cement after China, with an installed capacity ...
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Brazil’s insurance sector continued to grow in 2019, with total premiums reaching 6.7% of the country’s GDP. During the year, total insurance premium income rose by 9.9% y/y to BRL 489.1bn, posting its best performance in terms ...
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The year 2019 was another record year for the Polish real-estate market. With real-estate transactions worth EUR 7.7bn (an increase of 6.9% y/y), Poland remained the eighth largest market in Europe. Demand was strong across segments, ...
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Natural gas continues to outpace crude oil as China’s leading hydrocarbon resource in terms of exploration and development. In 2019, total proven reserves of conventional natural gas increased by 809.1bcm while total shale gas ...
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Natural resources and the mining sector are essential for China’s sustainable economic growth. Due to surging power consumption and industrial progress, the country has already become the world’s largest consumer of materials ...
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