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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 renewable energy (RE) sector in Emerging Europe* has seen stellar growth over the past few years on the back of supportive government policies as countries across the region seek to diversify their energy mix and most recently reduce their ...
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According to the Monthly Survey of Trade by Brazil's Statistics Office (IBGE), retail sales in Brazil increased by 2.4% y/y in volume terms in Q1 2023. Although the domestic economy did well in terms of overall economic activity, with GDP expanding ...
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Colombia ranks among Latin America's largest electric power markets thanks to its vast hydropower generation capacity as well as a large population which fosters consumption. Still, the country has a lot of room to growth due to its scarce ...
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The food and beverages manufacturing sector is of great importance for Brazil's employment, value added and foreign trade revenues. According to March 2023 estimates from the Brazilian Association of Food Industries (ABIA), the sector achieved ...
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Turkey's banking sector experienced solid growth in 2022, driven by strong demand for credit and an ultra-loose monetary policy, set against a backdrop of rampant inflation in the country. Leading Turkish banks have delivered stellar earnings growth ...
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The Brazilian Chamber of Construction Industry (CBIC) outlined that the sector should register a 2% y/y increase in its GVA in real terms for the entire 2023. In December 2022, the institution had forecast a growth of 2.5% for construction in 2023. ...
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In 2022, Brazil was the 13th largest market in the world in terms of insurance premiums written, mainly due to its large population, according to a Swiss Re report. In terms of density, however, Brazil lags behind its regional peers and developed ...
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The infrastructure industry in India is vital to the nation's economic growth. India's infrastructure is presently relatively underdeveloped when compared to other emerging market countries. The Indian government has made significant investments in ...
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As of 2022, Colombia's energy sector has shown consistent growth and resilience, with the energy sector contributing around 1.73% of the country's total gross domestic product (GDP). The country has made significant strides in expanding its renewable ...
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The COVID-19 pandemic had a negative impact on the Thai economy, reducing consumer expenditure and purchasing power. This had ripple effects on the ICT industry. In 2021, the mobile telecom subscriber base has regained momentum following a decline in ...
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