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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.
Entering Colombia's automotive sector can be strategically approached through various modes. For instance, foreign manufacturers, such as Divemotor, representing brands that include Mercedes-Benz, have entered the market to expand and diversify their ...
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The fintech sector in Latin America is showing signs of stabilisation and progress toward long-term solidity and resilience. Fintech startups cater to the unbanked population, and the region has seen dynamic regulatory developments, with more ...
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Latin America is a key region for the global mineral markets, thanks to its abundance of natural resources and relatively low domestic consumption. From Chile's and Peru's copper to Brazil's iron ore and niobium, and from Mexico's precious metals ...
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The infrastructure sector in Colombia is facing several challenges, including domestic political issues and international economic conditions affecting the performance of sub-sectors. Despite some economic variables, such as inflation and interest ...
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In 2023, Colombia's food and beverages sector decreased in real terms by 2.4% y/y, having presented outstanding growth in 2021 (5.8% y/y) and 2022 (7.5% y/y), and exhibits diverse trends and dynamics across its various segments. Despite a 1.56% y/y ...
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Colombia's mining sector is of great importance for the country in terms of external trade revenues, gross value added and government revenue, mainly due to its vast production of mineral fuels, including thermal and metallurgic coal. The country is ...
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In 2023, Colombia's economic activity decelerated rapidly, and this was reflected in a deacceleration of the total loan portfolio linked to household consumption and lower profitability. The latter was partly explained by the increase in provisioning ...
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Latin America completed its third consecutive year of recovery in terms of crude oil production during 2023. The region had been on a long decaying trend since the end of the commodities boom cycle in 2014, which, aggravated by the COVID-19 pandemic, ...
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