THE EXPERIENCE OF DEVELOPED COUNTRIES IN EXPANDING THE BANK DEPOSIT BASE

Abstract

This article examines strategies used by developed countries to expand bank deposit bases and how these can be adapted in developing nations, particularly Uzbekistan. It focuses on innovative financial products, digital banking, customer services, and financial literacy programs. The study identifies challenges in Uzbekistan's banking sector, such as limited digitalization and low financial literacy, and suggests targeted solutions. The conclusion underscores the need for customizing banking strategies to local contexts to enhance financial inclusion and stability.