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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.
After slowing down in the last quarter of 2020, the growth of China’s insurance sector picked up pace in Q1 2021. The premium income from January to March 2021 grew by 7.8% y/y, compared to 1.8% in Q4 2020. However, the sector has not ...
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In Q1 2021, China's banking sector continued to recover at a steady pace, as the country's economy grew by a record 18.3% y/y. After a 2.7%y/y decline in 2020, the aggregated net profit of Chinese commercial banks increased by 2.4% y/y in Q12021 to ...
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The COVID-19 pandemic aggravated the fragile situation of the Argentine economy, which experienced its third consecutive year of recession in 2020. In this context, motor vehicle production, domestic sales and export volumes dropped by 18.3%, 25.5% ...
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Finished steel consumption decreased both q/q by 33.2% and y/y by 38% in Q4 FY2021, reaching 19,198 thou tonnes. The finished steel segment comprises non alloy steel, alloy steel and stainless steel. Non alloy steel accounts for the largest share (93 ...
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After a slowdown in FY2020 due to dampened economic activity and deleveraging of corporate balance sheets, the total assets of the banking sector grew by 3% q/q in Q4 FY2021. Bank credits (or loans and advances), which also grew by 3% q/q, remained ...
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Thanks to a stable regulatory framework and supportive business environment, Chile possesses one of the most developed transport and energy infrastructure networks in Latin America. The country has a well-developed road and port infrastructure in ...
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Renewable energy is an important part of Chile’s electric power generation mix. About 46% of the overall electricity produced in 2020 was renewables-based. The non-hydro power generation took a 20% share. Chile has installed 13.7 GW ...
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The Philippines has under-invested in its infrastructure for decades, which has resulted in outdated and inadequate infrastructure to meet the country’s economic growth ambitions. For instance, the Philippines’ primary ...
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China's healthcare system is hospital-centric, and most of the inpatient and outpatient care in the country is delivered in public hospitals and basic medical institutions. However, due to the growing demand ...
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The COVID-19 pandemic interrupted the growth trend of the Brazilian real estate sector. Nevertheless, the sector was able to rebound strongly in the second half of 2020, posting record-high gross value added (GVA) and outstanding real ...
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