Financial Intermediation continues to grow
Financial intermediation services accelerated to 10.9 percent from the 6.3 percent growth recorded in the previous year.
All of the subsectors posted accelerated growths: Banking Institutions grew by 13.2 percent from 8.3 percent in the previous year; Non-Bank Financial Intermediation logged 11.2 percent growth. Meanwhile, Insurance and Activities Auxiliary to Financial Intermediation recorded 5.3 percent and 8.7 percent growth, respectively.
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