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.
Russia is a major producer and exporter of oil and natural gas. According to BP, the country holds the world’s largest proven natural gas reserves (18.1% of the total) and ranks sixth in terms of crude oil reserves (6.4% of the total). The ...
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China, with its huge manufacturing sector, is the world’s largest consumer of all kinds of base metals, as well as the largest producer of metal products. The country also ranks as the biggest producer of iron, aluminium, lead and zinc in the ...
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China, with its huge manufacturing sector, is the world’s largest consumer of all kinds of base metals, as well as the largest producer of metal products. The country also ranks as the biggest producer of iron, aluminium, lead and zinc in the ...
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Brazil’s 208mn population has given rise to a sizeable healthcare sector and to the sixth largest pharmaceutical market in the world. In 2017, retail drug sales, based on pharmacy purchase price (PPP), rose by 11.7% y/y to BRL 56.8bn, supported ...
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Thailand’s strong economic growth has resulted in a constantly increasing demand for oil and gas. Natural gas accounts for about 60% of the country’s power generation. Its oil and gas reserves are falling amid rising domestic petroleum ...
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The large size of the Russian population offers strong growth opportunities to the insurance companies but the sector remains underdeveloped mainly because of the low income levels in the country and the limited awareness of the benefits of insurance ...
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Turkey’s insurance sector witnessed robust growth throughout 2013-2017, with premiums rising at a compound annual growth rate (CAGR) of 18.6% over the five-year period. Expansion was supported by increasing employment, consumption and ...
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Although mining has taken place in Ecuador since precolonial times, the sector has never been a pillar of the economy, mainly due to an unfavourable government policy that has discouraged investments. In 2017, mining contributed to just 0.5% of the ...
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The Indian oil and gas sector has traditionally been dominated by PSUs as a result of policy and regulatory barriers. The state-owned Oil and Natural Gas Corporation Ltd (ONGC) dominates the upstream segment, while the Indian Oil Corporation Ltd ...
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Petroliam Nasional Bhd (Petronas) is Malaysia’s national oil company holding exclusive ownership over the country’s oil and gas resources. In the upstream sector, Petronas enters into productionsharing agreements with other local and ...
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