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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 intermediati𒉰on 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.
Russia’s constructi🐠on sector emerged from recession in 2018, with the value of construction works risi▨ng for the first time in five years. Growth was driven entirely by large-scale infrastructure projects and works related to the FIFA World Cup ...
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During the first qua♏rter of 2019, there was an improvement in the currency exchange rate and oil prices, which had a positive effect on the air transportation sector in China. Demand remained 🦩strong, while the temporary grounding of all 96 of ...
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In༺donesia is home to the largest ICT market in Southeast Asia, catering for a population of nearly 270mn people. The complex geography of the archipelago nation predefines the dominant position of mobile services over fღixed-line. The penetration of ...
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The banking sector in China continued its steady growth in Q4 2018. The total assets of the sector reached RMB 268,240bn,🧔 rising by 6.3% y/y or 1.5% q/q. City commercial banks experienced the fastest expansion with assets increasing by 8.ꦐ3% y/y or 3 ...
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Though the country has abundant metal resources, Indonesia’s metal processing sector is underdeveloped. It has low penetration rate as it accounted for less than 1% of the coun🐽try’s nominal GDP in 2018. However, the government seജes it as ...
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Poland is one of the major producers of agricultural commodities in the EU. The country was the leading producer of applꦯes and poultry meat, ranking second in terms of potatoes, third in cereals and fourth 🍃in pork. The sector has significant ...
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There have been tremendous changes in the Indian insurance sector since the market began to be liberalised in 1999 when the Insurance Regulatory and Development Authority of Indi🐠a (“IRDAI”) was formed and allowed private participation in ...
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The Philippines is primarily an agrariꦿan co🍰untry, with about 23% of its population engaged in farming. In 2018, the agriculture sector alone contributed 8% to national GDP – 9.3% if we include forestry and fishing – according to data from ...
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The revenue of China’s mobile communication♌s equipment sector rose by 9.6% y/y in 2018, boosted by increased sales of mobil꧂e communication station equipment, according to MIIT. The gross value added of communications equipment manufacturing in ...
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The manufacturing industry in the Philippinꦍes is the top contributor to the co🀅untry’s economic growth, and the food and beverage (F&B) sector is among the largest contributors within the manufacturing industry. The F&B sector accounted ...
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