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 2018, Latin America consolidated its position as one of the largest and fastest-growing manufacturing and export hubs for motor vehicles. Amidst the sharp downturn of both production and sales of motor vehicles in Europe, Asia and Oceania, Latin ...
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Chile’s banking sector is one of the most developed and competitive in Latin America. It is solvent and highly integrated with the global economy. The banking industry has managed to increase its penetration and expand its operations ...
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In 2019, Chile consolidated its position as the world’s leading copper mine producer, with a 28% share in global output; the second biggest molybdenum miner, with 19.8%; and the seventh largest producer of silver, with 5.1%. The ...
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The year 2019 was a challenging one for the global automotive industry, which reported a 5.2% y/y decrease in motor vehicle output, ending ten years of continuous growth. On the one hand, key markets reached maximum automobile ...
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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 ...
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Chile’s banking sector is one of the most developed and competitive in Latin America. It is deep, solvent and highly integrated with the global economy. After two years of deceleration, banking activity has started to gain pace since the second ...
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Although the global pharma & healthcare sector is dominated by large multinational companies, mainly from the developed countries, Latin America has been quickly catching up in building a domestic pharmaceutical production base and expanding the ...
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Chile has a relatively developed and diversified agriculture sector, with a leading position in the production and export of several key commodities, such as grapes, cherries, apples, berries, walnuts, poultry meat and salmon. Agriculture has a major ...
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Chile is a relatively small economy – the 41st largest in the world and the fifth-biggest in Latin America in 2017, according to the World Bank. However, its retail sector is well developed, mature and sophisticated, and in many aspects on par ...
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Latin America is well integrated in the global automotive supply chain, being an important manufacturing and export hub for motor vehicles – the legacy of active government policies for the development of domestic production and comprehensive ...
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