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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, securitiesꦅ 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 exchanges൩, and collection and credit agencies.
Between 2010 and 2012, the production value of the agriculture, livestock and fisheries sector expanꦏded at a CAGR of 5.7%. Thereafter, growth dropped to an annual average rate of 1.5%🀅 between 2013 and 2015. According to the Ministry of Agriculture ...
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Peru is a relevant regional player in the production of ferrous and non-ferrous metals. In 2015, the country was the third largest South American producer of direct reduced iron wi♏th a 2.8% share, the third biggest producer of long steel with a 5.8% ...
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Peru is a key global player in the production of 💙metallic minerals. In 2015, the country was the world’s second-largest silver mine producer, with a share of 14.9% of global output, the third-biggest zinc and copper producer (shares of 10.6% ...
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