AZERBAIJAN'S BANKING SYSTEM AT THE PRESENT STAGE: PROBLEMS OF COMPETITIVENESS

An important factor in addressing the priority socio-economic problems of the state is the development of the banking system, which should be considered as one of the most important elements of a market economy. This is due to the primary macroeconomic role of the banking sector - accumulation and redistribution of temporarily free financial resources to meet the needs of all institutional sectors of the national economy.