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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 was the fourth largest pharmaceutical market in Latin America in 2024 in terms of sales value, with a 7.6% share of the Latin American market. The country has a large and growing population and a near-universal social security health ...
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During H1 2025, Colombia's construction sector displayed a combination of positive and negative outcomes. The sector's nominal gross value added (GVA) stood at COP 36.02tn, posting a real -3.29% y/y contraction, considerably lower than the economy's ...
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In Q2 2025, Colombia's GDP grew by 2.1% y/y in real terms, with private consumption remaining the main driver of growth. On the demand side, household spending rose from 0.9% y/y in Q2 2024 to 3.7% y/y in Q2 2025, supported by stronger purchases of ...
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In 2024-2025, Brazil witnessed significant investments in its pharmaceutical and healthcare sector. Specifically, the Brazilian National Development Bank (BNDES) allocated record-high loans to domestic pharmaceutical manufacturing firms Ache and ...
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Colombia is Latin America's fifth-largest vehicle market in terms of sales. However, in recent years, the country has virtually lost all of its vehicle manufacturing base, contracting from a peak of four assemblers in the past decade to a single ...
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The Brazilian fintech ecosystem has proved to be highly adaptable despite a challenging economic scenario. The sector has recorded substantial expansion in both its customer base and product innovation, with a particular emphasis on serving small and ...
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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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The oil and gas sector in Brazil has become an important source of foreign revenues, investment, and value added for the country ever since the discovery of the massive pre-salt reservoirs in the early 2010s. Since then, the country has steadily ...
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According to the monthly trade survey (PMC) by IBGE, Brazil's retail sales rose by 0.8% in March 2025, compared to February 2025, marking the third consecutive month of growth and reaching the highest level since the data series began in 2000. ...
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