Secure shopping
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.
Like much of the world, Turkey was impacted significantly by the pandemic in 2020. While production facilities were briefly brought to a halt, motor vehicle production was down for a third year in a row, affecting both imports and exports. ...
View more details
Thailand’s real estate sector continued to expand in the past decade as the country developed. Real estate activities are mainly concentrated in the Bangkok Metropolitan Region (BMR) and the Eastern Economic Corridor (EEC), while ...
View more details
Following a sharp downturn in Q2 2021, China’s insurance sector continued to contract in Q3. As a result, the premium income from June to September 2021 dropped by 4.0% y/y, softening compared to a contraction of 13.2% from April to ...
View more details
The revenue of China’s food sector in Q3 2021 reached RMB 518.6bn (up by 1.4% y/y), driven by increased sales and prices of some significant foods. The total profit of the food sector in July – September 2021 ...
View more details
In Q3 2021, air passenger traffic plunged by 19.2% y/y to 107.6mn, affected by the latest round of COVID-19. In addition, the domestic passenger traffic slumped by 19.2% y/y to 107.2mn. And the international passenger traffic in ...
View more details
Indonesia’s financial sector was among the few to continue growing during 2020, showing its resilience to external shocks. The sector’s GVA expanded by a real 3% y/y in 2020, the year that brought the country’s first recession ...
View more details
With its young and growing population of 84.3mn, Turkey has a well-developed and competitive consumer goods and retail sector. Strong consumer demand, propelled by its young population, fuels the retail sector, making it one of ...
View more details
In Q2 2021, the pharmaceutical manufacturing segment generated RMB 749.2bn in revenue, up by 23.3% y/y, and made RMB 185.3bn in total profit, up by 90.6% y/y. The positive performance was mainly attributed to the ...
View more details
In FY2019, the Indian automotive industry registered new record high volumes in output and domestic sales. However, the economic deceleration in FY2020 ended the growing trend of the industry which was partially compensated by a new record ...
View more details
In Q3 2021, the sales volume and sales revenue of China’s real estate sector contracted to 417mn m2 and RMB 4,186bn, representing y/y decreases of 12.5% and 14.1%, respectively. In addition ...
View more details