CONCEPT OF BANKING DEVELOPMENT IN CONTEXT OF ECONOMIC GLOBALISATION

Abstract

Banking is one of the key components of any country's economy. With the development of technology, increased mobility of people and capital, as well as the globalisation of the world economy, banking has become increasingly important and responsible. The concept of banking development in the context of economic globalisation involves the creation of a cost-effective model of banks that will allow them to compete successfully in the world market. This means that banks should pay great attention to improving the quality of services provided and reducing the cost of providing them.