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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 the second quarter of 2018, China’s pharmaceutical and medicine production declined by 21.1% y/y to 749,000 tonnes, while their sales volume dropped by 22.7% y/y to 753,000 tonnes. This can be linked with the more stringent environmental ...
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Following the premium contraction of a 11.2% y/y in the first quarter of 2018, China’s insurance sector experienced a solid recovery in the second quarter. The quarterly insurance premiums amounted toRMB 828.5bn, rising by 13.9% y/y. ...
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Thailand is the largest producer of four-wheel vehicles in the ASEAN region and the 12th largest vehicle producer in the world. The strength of the industry lies in the combination of a long-standing presence of Japanese car manufacturers and solid ...
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The GVAs of the Philippines’ real estate and construction sectors grew steadily between 2013 and 2017, reaching PHP 1,941bn for Construction and PHP 2,085bn for Real Estate and Other Business Activities in the latter year. The good performance ...
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China’s aviation sector is of key importance to the national economy, reflecting its increasing level of modernisation and robust growth. China’s vast territory and its geographical location assign the aviation sector a role that other ...
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Indonesia’s insurance sector is underdeveloped, with penetration rates well below the averages for the world in general and for Asia in particular. The sector generates less than 1% of the country’s GDP, while its premium income was ...
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Bank penetration in Indonesia is low by international standards, with banking assets and loans accounting for 55% and 35%, respectively, of the country’s GDP in 2017. A total of 115 commercial and 1,615 rural banks were operational in the ...
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Due to the focus on traditional banking products and the austere financial supervision, the Polish banking system has weathered down the crises of the last two decades very well and remains well capitalised and non-volatile. Still, Poland is viewed ...
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The Polish metal processing sector is the 8th biggest in Europe and the 18th biggest in the world. It constitutes 0.5% of the country’s GDP and its exports account for 9.4% of the country’s total exports. The sector is dominated by the ...
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Peru is a relevant regional player in the production of ferrous and non-ferrous metals. In 2017, the country was the third-largest producer of long steel in South America, with a 9.7% share in regional output, the fourth-biggest crude steel ...
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