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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.
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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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