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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.
Coal power still has a towering presence in China’s electricity generation, but the share of nuclear and renewable energy keeps increasing as the country is changing course towards a cleaner energy mix. According to the International Energy ...
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With some RUB 94tn in total assets, the penetration of the Russian banking system in the economy translates into a 90.6% share of the GDP. The financial sector generated a gross value added (GVA) equal to 3.7% of the country’s GDP and employed ...
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Malaysia is the third largest motor vehicle market in the ASEAN region, after Thailand and Indonesia. Passenger vehicles represented 50.7% and 49.8% of total production and sales, respectively, in 2018. Malaysia has two national brands, Perodua and ...
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Argentina has the third-largest ICT market in Latin America in terms of number of subscribers, behind only Brazil and Mexico. By regional standards, the country also has high penetration rates in the main ICT services: mobile telephony, fixed-line ...
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For more than a decade, the construction sector has been a major driver for the Turkish economy’s expansion at rates above 5%. The rapid expansion was supported by favorable demographics and government policies, which included large ...
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The Polish insurance sector’s growth slightly decreased in 2018 with total written premiums falling by 0.3% y/y to PLN 62.2bn, due to a strong drop of premiums in the life insurance segment. On the other hand, the non-life subsector saw a ...
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At the end of 2018, Latin America and the Caribbean accounted for 19.2% of the world’s crude oil reserves and for 4.3% of natural gas, making the region among the prominent players in the global oil and natural gas industry. However, a lack of ...
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In the third quarter of 2019, China's telecommunications industry was revolutionised by the commercialisation of the 5G technology. It was a period of intensive 5G infrastructure development and technological upgrade. The official launch of 5G ...
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China is the largest producer and consumer of paper and paperboard in the world, according to the White Paper on Sustainable Development of China's Paper Sector released jointly by China Paper Association (CPA) and China Technical Association of ...
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According to data from China Iron and Steel Association (CISA), in the third quarter of 2019, China produced 255.7mn tonnes of crude steel and 322.4mn tonnes of steel products, representing y/y increases of 3% and 11.1%, respectively. Figures from ...
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