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.
The mining industry is of strategic importance to the Russian economy, contributing about 12% to the GDP, providing jobs to 1.1mn people and contributing a third to government revenues. Since Russia hosts one of the world’s largest ...View more details
Romania is EU’s third largest natural gas and the fifth largest crude oil producer. The crude oil and natural gas production value came in at RON 17.8bn in 2018, or 19% of the country’s GDP at current prices. The sector provided ...View more details
In 2018, Chile consolidated its positions as the world’s leading copper mine producer, with a 28% share in global output; its second-biggest molybdenum miner, with 22.2%; and its fifth-largest producer of silver, with 5.5%. The country also ...View more details
The food and beverage industry is the largest manufacturing sector in Brazil, accounting for about a quarter of its value added and for 2.4% of the country’s GDP in 2018, according to the Brazilian Association of Food Industries (ABIA). ...View more details
Construction is the second largest economic activity in India and contributes 8% to the total gross value added. Construction sector employs more than 51mn workers, making it the second largest employer in the country. Large employability in the ...View more details
Indonesia’s tourism industry is an important driver of economic growth, job creation and foreign exchange income. The total contribution of travel and tourism to the country’s gross domestic product (GDP) stood at 6% in 2018, ...View more details
Investment in China’s real estate sector slightly decelerated in the second quarter of 2019. The value of investment reached RMB 3,781bn, which represented a growth of 10.4% compared to that in the same quarter of the previous year. ...View more details
The revenue of China’s mobile communications equipment sector rose by 7.3% y/y in H1 2019, boosted by increased sales of mobile communication station equipment, according to MIIT. The gross value added of communications equipment ...View more details
China’s mobile communication sector was negatively affected by the trade tension between China and the US and the US ban on some of the largest Chinese mobile phone producers, such as Huawei and ZTE. In Q1 2019, the production of ...View more details
China food sector’s revenue in the second quarter of 2019 fell by 2% y/y to RMB 460.2bn, due to the decline in sales and prices of some major foods. In Q2 2019, pork sales continued to decline, impactedby African swine fever incidence. The ...View more details