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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.
Between 2010 and 2012, the production value of the agriculture, livestock and fisheries sector expanded at a CAGR of 5.7%. Thereafter, growth dropped to an annual average rate of 1.5% between 2013 and 2015. According to the Ministry of Agriculture ...
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Despite suffering the lowest investment growth for the last eight years, in 2016, the real estate sector in China still offers opportunities for investment. With the policy instruments introduced in the first three months of 2016, the sector has ...
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The mining and quarrying sector’s gross output, which includes the extraction of oil and natural gas, accounted for 0.6% of the total gross output of the Czech economy in 2015, significantly down from its share of 1% in 2011. At the same time, ...
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Colombia’s banking sector, comprising commercial banks, financial corporations, financing companies and financial cooperatives, has proved resilient to the economic slowdown the country has suffered since 2014. Despite the challenges faced by ...
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By the end of 2016 there were 163 insurance institutions operating in the People’s Republic of China, of which roughly 30% were foreign-funded or joint ventures. Traditional insurance subsectors such as life insurance and property insurance are ...
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The Chinese automotive sector’s y/y growth sped up in the second half of 2016, improving an already strong performance in the first half of the year. Sales revenue reached RMB 7,146bn in the first eleven months of 2016, up by 14.1% y/y, while ...
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In 2015, the total Hungarian healthcare expenditure amounted to HUF 2,373.4bn, or 7.04% of GDP. Public financing schemes made up 67.1% of the healthcare spending. By regional standards, the Hungarian health spending as a percentage of GDP is high, ...
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The agricultural sector in Malaysia including forestry and fisheries contributed 8.5% to the country’s GDP in 2015. The farming population in 2015 was 1.75 million people, or 12.05% of the labour force. Industrial commodities like rubber, palm ...
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In 2015 Indonesia was the 24th-largest oil producer and the 10th-largest natural gas producer in the world. Indonesia had about 3.7bn barrels (bbl) of proven oil reserves and 103.4tn cubic feet (tcf) of proven natural gas reserves in 2015. These ...
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China is the world’s second-largest pharmaceutical market, after the US, and the largest producer and exporter of active pharmaceutical ingredients (APIs) globally. Since it is the world’s most populous country, with a large ageing ...
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