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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 f🥀inancial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authoritie🍨s, stock exchanges, and collection and credit agencies.
Brazil’s insurance sector expande🌟d at a C༺AGR of 16.1% in terms of premium income between 2011 and 2014, outperforming the overall GDP growth during the period (CAGR of 1.7%), supported by growing household incomes, strong labour market and ...
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The Thai retaiﷺl sector is highly dynamic. Over the past years, modern retailing has almost supplanted traditional retail as the preferred way for Thai con♎sumers to purchase their goods. The convenience store retail format is particularly popular in ...
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The Philippine automotive industry and market have been growing steadily over the past five years. Sales in 2015 were by 144.8% higher than they had been in 20ౠ07,🌠 the year when they first recovered from the slump brought about by the 1997 Asian ...
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The Hungarian electric power market is middle-sized compared to other European markets. The 🐽electric power sector is mature, meaning that all major power stations and the transmission network have been built and that electricity supply is stable. ...
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Peru is a key global player in the production of metallic minerals. In 2015, the country was t🦹he world’s second-largest silver mine produ🐽cer, with a share of 14.9% of global output, the third-biggest zinc and copper producer (shares of 10.6% ...
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China’s communication equipment industry can be broadly divided into communication terminal equipment (mobile and 🐬fixed-line handsets) and communication station equipment. The industry is on a rapid growth path with sales revenue increasing by ...
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Agriculture is one of the backbone sectors of the Romanian economy. 𒉰It accounts for 5.3% of GDP, but its share in employment is 29.3%. Agriculture is the largest sector in Romania in terms of employment. The monthly gross wages in the sector were ...
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India is the world’s third-largest crude steel producer, third-la🦹rgest finished steel consumer and the global leader in sponge iron manufacturing. The country claims nꦓearly 6% of the global crude steel production and around 5% of the pig iron ...
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The Indonesian coal sector contributed 1.7% to the country’s GDP in 2015. Indonesia is the largest exporter of thermal coal and the fifth-largest coal producer in the world. Coal p🐬roduction decreased by almost 15% y/y in 2015 as a result of ...
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Food and beverage manufacturing is the largest manufacturing sector in Romania in terms of value added. It accounts for🃏 5%of the GDP of the country. In 2014 the domestic market for food and beverages contracted by 3.7% y/y inꦑ line with a GDP slowdown ...
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