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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, ﷺcommodity 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 𒐪collection and credit agencies.
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 7,146bnꦺ in the first eleven months of 2016, up by 14.1% y𓆏/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 financin🌸g 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 popu♒lation in 20🐲15 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-large𒀰st 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 agein💫g ...
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Poland’s banking sector is well capitalised and non-volatile, relying mostly on traditional products. Even though Poland remains significantly underbanked compared to EU standards, the 🌳cou🐎ntry’s banking sector plays a very important role ...
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Agriculture traditionally plays an important role in Turkey’s economy generating slightly over 6% of the country’s gross domest🅰ic product (GDP) and providing employment for nearly a quarter of the total workforce. Agriculture is the ...
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China’s output of crude steel and steel products climbed by 3.1% y/y to 505.3mn tonnes in Q3 2016, encouraged by rising steel product prices. Prices on the domestic market have been climbing since March 2016, exceeding the ღaverage 2015 level🌠 in ...
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China is the largest alcoholic beverages producer and consumer in the world, consuming one-third of the world’s spirits 🐽and a quarter of the world&rsquo♏;s beer. Its beer production ranked first in the world for 14 consecutive years and the ...
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The mining sector plays a key role in Brazilian economy, accounting for 12% of national exports and for moreജ than 5% of the net FDI equity capital inflow in 2015. Despite the deep recession in the country during the year, marked by a 3.8% y/y drop in ...
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