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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 order to keep up with rising demand in one of the world’s fastest growing economies, Turkey’s power sector has expanded at a rapid pace over the last decade. At the same time, increased electricity consumption has posed challenges for ...
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The transportation and storage sector is one of the important service sectors in the Czech Republic. The sector’s gross value added (GVA) reached CZK 242bn in 2016, accounting for 5.6% of total GVA and 9.3% of GVA from services. The ...
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Turkey is a major crude steel producer, ranking third in Europe and eighth in the world in terms of 2016 output. The country was the world’s biggest scrap importer in 2016, as most of its plants have developed capacities that work on this type ...
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China had 123,993 km of railways at the end of 2016, up by 2.5% y/y. Of these railway lines, 21,741 km were high-speed rail (HSR), making China’s the longest HSR network in the world. In 2016, the railway sector saw stable growth in passenger ...
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Total sales in the consumer goods and retail sector in Malaysia have been growing healthily at a CAGR of 9.2% from 2012 to 2016 according to statistics from the Department of Statistics Malaysia (DoSM). Malaysia has low unemployment rates and ...
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China’s banking sector’s assets reached RMB 232.3tn at the end of 2016, expanding strongly by 34.8% from 2015. The fastest growth was reported by commercial banks, making up 77.8% of total assets. The year 2016 was characterised by ...
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Construction is among the largest economic sectors of Peru in terms of share of total GDP, ranking fourth behind only oil and gas, industry and trade. In 2016, construction accounted for 6.3% of domestic GDP, 1.5% of total FDI stock and 5.3% of ...
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The deep economic recession in Brazil in 2016 pushed down the demand for loans and the profitability of the domestic banking system. The value of outstanding loans decreased for the first time in two decades, by 3.5% y/y to BRL 3.1tn (USD 954bn), ...
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China is the largest cement producer in the world, accounting for 57.4% of the global cement output in 2015, according to estimates from the US Geological Survey’s National Minerals Information Center (USGS). The cement sector in China is ...
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The Philippines has the fifth largest insurance sector in the ASEAN region, although insurance penetration and density remain lower in the Philippines than in many of its more developed ASEAN counterparts. The relatively undeveloped state of the ...
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