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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.
Colombia's mining sector remained a cornerstone of the economy in 2024 in terms of external trade revenues, gross value added (GVA), and fiscal contributions, largely due to its vast output of mineral fuels-principally thermal and metallurgical coal. ...
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Latin America is emerging as a promising market for financial technology (fintech), driven by strong demand for innovative solutions and a young, tech-savvy population. The ecosystem's consolidation and stability are evident not only in the growing ...
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Latin America occupies a crucial position in the global agribusiness landscape, contributing across the entire agricultural value chain, from grain crops and poultry to fisheries and fruit. Countries like Brazil, Mexico and Argentina are regional ...
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The Latin American oil and gas sector continued its recovery in 2024, completing its fourth consecutive year of crude oil production growth. Despite this positive development, progress slowed in the region, with crude oil output growing by only 0.1% ...
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Colombia's ICT sector is undergoing a period of steady expansion, as the broader economy experiences modest growth. Mobile and fixed broadband adoption continue to rise, the first stages of the 5G rollout have advanced in major cities, and software ...
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Colombia's agribusiness sector plays a vital role in the national economy, accounting for 6.3% of GDP and 13.3% of total employment in 2024. That year, it represented 17.3% of the country's total exports. Colombia is among the world's leading ...
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The real estate sector plays a sizeable role in the Brazilian economy, accounting for around 7.6% of the country's GDP in 2024, although this figure was well below the 8.4% share registered in 2019. From 2019 to 2024, the real estate sector's real ...
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In 2024, the Colombian economy began a recovery process, while annual inflation continued to decline, accompanied by a cautious easing of the monetary policy. Amid lower lending rates, credit disbursements showed a slight rebound. Loan quality ...
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Colombia's food and beverage sector accounts for 27% of the country's manufacturing industry. The sector has endured a complex and uneven performance, reflecting both global macroeconomic pressures and localised climatic shocks. The sector's Gross ...
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