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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.
In 2017, written premiums in Colombia rose by 5.5% in real terms and 8% y/y in nominal terms, despite a backdrop of slow economic activity. In comparison, globally the value of written premiums grew by just 1.5% in real terms in 2017, according to a ...
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In Q2 2018, the continuity of financial deleveraging and trade frictions with the US moderated China’s GDP growth to 6.7% y/y from 6.8% y/y in the previous quarter. Due to robust transactions in central and western China, sales of commodity ...
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In Q2 2018, the revenue of China’s ferrous metal smelting and pressing sector rose by 20.4% y/y to RMB 1.6tn, as a result of higher selling prices and sales volumes of steel products. According to Lange Steel Information Research Center, at the ...
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The revenue of China’s communication equipment sector in the first half of 2018 rose by 10.9% y/y, boosted by increased sales of mobile communication station equipment, according to a report released by the Ministry of Industry and Information ...
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China’s automotive sector revenue in Q2 2018 experienced a slight drop of 0.8% y/y to RMB 2,077.8bn, mainly due to lower prices. At the beginning of 2018, the Ministry of Finance cancelled preferential policies on vehicle purchase tax and this ...
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The Czech automotive sector’s GVA represents slightly over 5% of the country’s GDP. According to the Czech Automotive Industry Association (SAP), car manufacturers make up a quarter of the country's industrial output and 22% of its ...
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Turkey’s construction sector has experienced rapid growth in recent years, driven by supportive government policy. The state has launched a series of large infrastructure projects and development programmes that have helped the industry become ...
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One of the world’s top 10 food producers, Turkey has a developed food and beverage industry, which both supplies a population of over 80mn and exports. The food and beverage processing sector accounts for 12.7% of Turkey’s total ...
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The oil and gas sector plays an important role in Indonesia’s economy, generating 5.1% of the country’s gross domestic product (GDP) and earning nearly a tenth of export revenues in 2017. The sector was responsible for 5% of the overall ...
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China is the world's most populous country and the largest producer and consumer of fertilisers. The country consumes more than a third of the world’s fertilisers, which is equivalent to the combined consumption of the US and India. The country ...
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