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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.
Since Turkey does not have abundant oil and gas reserves, the country is importing the bulk of fuels needed to support its rapidly expanding economy. The government is trying to gain maximum advantage from the country’s strategic geographic ...
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Russia is a major agricultural producer with strong positions in the crops segment. It is the third largest wheat producer in the world and the largest barley and oats producer. The agricultural sector accounted for 4% of GDP in 2015 and its growth ...
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The Indian oil and gas sector has traditionally been dominated by large public sector undertakings (PSUs), which continue to have very high market shares in the upstream, midstream, and downstream crude oil and natural gas businesses. Oil and natural ...
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In Poland, “metallic and non-metallic minerals mining” – also known as “non-coal mining” or “other mining,” ...
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The Philippines is an agrarian country, with half of its population living in the rural areas and being engaged in farming. Agriculture and forestry contributed some 8.8% to the national GDP on its own, and some 10.3% if fisheries are included, ...
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The transportation sector plays a significant role in the Mexican economy. Besides accounting for about 6% of the country’s GDP and for 5% of the formal employment over the 2011-2015 period, the industry is an important support platform for ...
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The information and communication sector (ICT) in the Czech Republic accounted for 5.1% of the economy’s gross value added (GVA) in 2015 versus 5.2% in 2008. Employment in the ICT sector accounted for 2.6% of the total employment in the country ...
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The recent rapid development of India’s economy, which grew by 7.6% y/y in FY2016, and increasing ncome per capita combined with urbanisation, have boosted the demand for financial services such as lending, insurance and asset management. ...
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China’s transportation sector is almost entirely run by state-owned corporations, as its development is viewed as a major driver for the country’s economic growth. In the railways subsector, there was extensive construction of new ...
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In 2015, the mining sector of Argentina – which excludes oil and gas extraction – accounted for 0.7% of the country’s GDP, a figure that has remained relatively stable since 2011. However, mining plays a key role as the ...
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