STATE AND TRENDS OF INTERBANK COMPETITION IN THE BANKING MARKET OF UZBEKISTAN

• Yuldashev Sanjarbek Arslon ugli

  Senior Lecturer, Department of Higher and Applied Mathematics Tashkent State University of Economics

The sustainable development of the banking sector is closely related to interbank competition. The subject of the study is the improvement of interbank competition, which serves to increase the quality standards of service provision, reduce costs and prices, expand the range of products, and cleanse the market of weak and unscrupulous participants. The purpose of the study is to develop recommendations for improving interbank competition to ensure the stability of the country's banking sector. The work used analytical methods such as analysis, synthesis, comparison, and graphical analysis. The theoretical aspects of the topic allowed the authors to formulate the concept of interbank competition. According to this concept, interbank competition is a competition between banks to attract and occupy attractive sources of resources, taking into account a customer-oriented approach. The practical analysis is based on statistical data from the Central Bank of Russia and reflects the uneven distribution of banks across the country, as well as the dominance of banks with state participation. The systematic and comprehensive approach of the study made it possible to identify the main trends of interbank competition: monopolization, centralization, concentration of capital, federalization and globalization. According to the authors, the increase in the assets of state-owned banks against the background of a sharp decrease in the number of banks is limiting interbank competition. Large state-owned banks dominate the deposit and credit markets in the country. The Herfindahl-Hirschman index adequately reflects the market importance of credit institutions. Foreign banks also affect competitiveness. The authors proposed a number of measures aimed at strengthening interbank competition: reducing the level of state participation by setting an acceptable level of state participation in the authorized capital of credit institutions; introducing equal "rules of the game" for all participants in the banking market and excluding state benefits; developing regional small and medium-sized banks through tax and financial incentives. The prospects for future research are focused on a detailed study of factors that negatively affect interbank competition.

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