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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.
The year 2017 was stellar for the banking sector of Argentina. In the midst of economic recovery, bank loans and deposits surged by 48.8% and 26.9% y/y, respectively. Alongside revived household consumption, lending activity was boosted by an 11% ...
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In 2017, the Polish telecommunications sector was responsible for 2% of the country's GDP (vs. 2.1% in 2016), while the entire ICT sector accounted for 4.9% of GDP (vs. 5% in 2016) and employed around 212,900 people. The Polish telecom market is a ...
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The Russian electric power sector is of strategic importance for the government, which controls key assets in the power system. The sector generated 2.6% of the country’s gross domestic product (GDP) and employed 2.4% of the workforce in 2017. ...
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Indonesia’s tourism and leisure sector remains underdeveloped, especially in comparison to regional peers Thailand and Malaysia. The direct contribution of travel and tourism to the country’s GDP in 2017 was just 1.9%, compared with 9.4% ...
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The transportation and storage sector is one of the most important service sectors in the Czech economy. Its gross value added (GVA) amounted to CZK 258bn in 2017 and its share of the total GVA was 5.7%. The sector’s share of the services GVA ...
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The importance of the food manufacturing industry has always been crucial for the Polish economy's history and this has not changed nowadays: in 2016, the food sector's GVA was 2.7% of Poland’s total GVA and 2.39% of the country’s GDP, ...
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The beverages sector was responsible for around 3.3% of the GDP in 2017 and generated more than 300,000 direct and indirect jobs. Enterprises from the sector that employ more than nine persons each have a combined workforce of 22,000 people. Poland ...
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After the recession of 2015-2016, economic activity started to grow in 2017, although at a tepid pace. The central bank initiated a monetary policy easing cycle in October 2016 and took rates from 13.75% to 6.5% as of October 2018. The economic ...
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India’s electric power sector, comprising generation, transmission and distribution, is a key enabler of the country’s economic growth. Globally, India is the third-largest producer of power, after China and the US. Total electricity ...
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Chile is a relatively small economy – the 41st largest in the world and the fifth-biggest in Latin America in 2017, according to the World Bank. However, its retail sector is well developed, mature and sophisticated, and in many aspects on par ...
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