COMPETITION IN THE BANKING SECTOR: ITS ROLE, SPECIAL FEATURES AND DEVELOPMENT PROSPECTS

Abstract

A market cannot operate without competition, and the banking services market is not an exception to the rule. What is more, if we take a retrospective glance, the competition influence is more noticed on this particular market than on any other. The competition on this market became one of the most important factors in the evolutionary development of a banking enterprise from a banking office.