PROSPECTS FOR THE DEVELOPMENT OF COMPETITION IN THE MARKET OF BANKING SERVICES OF THE REPUBLIC OF UZBEKISTAN

Abstract

Direct or indirect regulation of the banking services market serves to prevent and minimize negative situations that may occur. Regulation and control of the market of banking services by the Central in banking activities is changing the market of banking services and creating a number of advantages. The processes of selling banking products to customers and providing banking services to them are optimized, and digital banking services are expanding. In this article, the market of banking services in the Republic of Uzbekistan is researched, trends specific to its change and existing problems are studied, and recommendations on important directions of development are given.Bank will not only develop inter-bank competition in the country, but also create a basis for increasing the quantity and quality of banking services. The introduction of advanced banking technologies