EXPERIENCE IN ENHANCING THE COMPETITIVENESS OF BANKS IN LEADING FOREIGN COUNTRIES

Abstract

Commercial banks are one of the main links of the market economy, on the development of which the welfare of the country depends [1].

In the development of the modern banking environment, the fundamental initiative is to increase the competitiveness of commercial banks, identifying as the main factors [2]:

- the difference of financial systems depends on the level of income per capita in countries, for example, stock exchanges and banks are more consolidated in countries where the level of income is high enough; the level of economic development affects inflation, corruption, restrictions in the banking sector, etc.;

- the activity of stock exchanges and the market depends on the economic development of the country, and the level of economic development of the country.