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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.
Russia is the fifth largest car producer in Europe due to its sheer size and motor vehicle production localisation policy, which has attracted major global automotive concerns such as Mercedes Benz, Volkswagen, Groupe PSA, Renault, ...
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Russia’s healthcare expenditure grew significantly in 2020, mainly reflecting increased spending related to the COVID-19 pandemic. Total spending on healthcare surged by nearly a fifth to RUB 6.2tn in 2020, equal to 5.8% of the country’s ...
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Russia holds the world’s largest natural gas reserves, equivalent to a fifth of the global total. In 2020, the country ranked second in terms of gas production falling behind only the US, contributing 17% to the global gas output. The vast gas ...
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The Philippines’ real estate sector contracted by 6.8% y/y in 2020 because of the COVID-19 pandemic. However, the market is anticipated to bounce back by 2022 as a result of an anticipated rise in demand from industries such as IT-BPM and ...
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The Philippines’ food and beverage (F&B) sector is a vital cog in the country’s consumption-driven economy. On the one hand, it supplies food and beverages to roughly 100mn Filipinos and offers jobs to both skilled and unskilled ...
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Emerging Europe’s role in the global oil and gas sector stems mainly from the region’s heavyweight, Russia. The other countries in the region – Romania, Poland and Turkey – do not have significant oil and gas resources. 2020 ...
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Natural gas continues to outpace crude oil as China’s leading hydrocarbon resource in terms of exploration and development. In 2020, China's natural gas output increased by 9.8% y/y to 192.5bcm. Coalbed methane production totalled 6.7bcm, up by ...
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Having made it through the COVID-19 crisis, Chinese manufacturers are now facing another uphill battle: soaring energy prices and power outages, a new reality that is here to stay, at least for a while. Manufacturers, which have been driving ...
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The mining sector plays a crucial role in China’s economy, as it provides coal, iron ore, and numerous non-ferrous minerals, which are essential raw materials for the country’s industry. China is currently the world’s largest ...
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China’s telecommunications sector is among the sectors that were least impacted by the COVID-19 pandemic, as the lockdown measures encouraged the demand for online communication. In Q3 2021, the total revenue of China’s ...
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