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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.
The agribusiness sector plays an important role in India's economy, accounting for 16.6% of the country's GDP in FY2023 and 7.6% of total exports in 2022 (calendar year format). The sector employed approximately 43% of the country's total workforce ...
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According to the State Bank of Vietnam (SBV), approximately 77.4% of adult Vietnamese citizens had payment accounts in 2023, a significantly higher percentage than the 31% reported between 2015 and 2017. Despite this progress, more than 20% of ...
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According to DANE (Colombia's statistical office), the information and communications sector in Colombia experienced a 1.4% y/y increase in its GVA during 2023 in real terms, losing momentum from the previous two years when double-digit growth rates ...
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Colombia's GDP grew by 0.6% y/y in 2023, primarily due to a decrease in household consumption growth, which decreased from 10.7% y/y in 2022 to 1.1% y/y in 2023. The retail sector was one of the worst affected, decreasing by 2.8% y/y. In December ...
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In 2023, Brazil's chemical industry faced significant challenges. Despite this, there were signs of resilience and opportunities for growth. In October 2023, due to factors including increased imports, local factories operated at an average idle ...
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In 2023, Colombia's construction sector experienced mixed fortunes. While GVA saw a nominal growth of 7.29% y/y, real growth was negative, standing at -4.15% y/y. This contraction reflects the impact of inflationary pressures and challenges in ...
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Brazil's IT market slipped to 12th place globally in 2022, totalling USD 45.9bn, according to the Brazilian Association of Software Companies (ABES). In 2023 and 2024, sector growth is expected to be driven by higher demand for cloud and Information ...
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In 2018, China relaxed the conditions regarding the operation of foreign banks, allowing them to simultaneously set up bank branches and subsidiaries. M&As are the most common way for foreign banks to start a business in China. In 2022, 57 M&A deals ...
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China's construction sector has seen tremendous growth over the past years and showed great potential, despite the recent market hardships brought on by the slowdown of macroeconomic growth. The construction industry is of crucial importance for the ...
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