Current Issues and Prospects for Improving Deposit Policy in Commercial Banks of Uzbekistan

Abstract

This article examines the current state and prospects of deposit policy in commercial banks of Uzbekistan. A comparative analysis was conducted on interest rate dynamics, deposit structures, and their influence on customer behavior, drawing parallels with international practices. The study evaluates the role of deposit policy in strengthening the resource base of banks under conditions of inflation, competition, and regulatory reforms. Empirical data from Uzbek banks as of mid-2025 were analyzed to identify the main challenges, including low public trust, insufficient flexibility of deposit products, and interest rates lagging behind inflation. Based on global best practices, a set of practical recommendations is proposed to enhance deposit policy, improve financial stability, and strengthen customer confidence in the banking system of Uzbekistan.