The Importance of Commercial Banks during the Global Economic Crisis
Keywords:
global crisis, commercial banks, economics, finance, world economy
Abstract
We have entered the leap year 2020, which is repeated every four years and is one day longer, this time with beautiful dreams and plans. In Uzbekistan, it has been named the Year of Science, Enlightenment and the Digital Economy. Therefore, it has inspired us all as the beginning of a great path that will be a solid step forward in the development of science-based innovation in our country and the widespread introduction of digital technologies. There are 33 commercial banks in the country. Of these, 2 are state-owned banks, 3 are state-owned commercial banks, 12 are private banks, 4 are banks with foreign capital and 1 is a subsidiary bank. These banks have more than 800 branches and more than 690 mini-banks operating in the country.
References
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2. Mukhammedov L. Development of a system for assessing the stability of commercial banks. // Market, money and credit. - 2011. - №4. 13–16 b.
3. Umarov Z.A. Economic Interpretation of Financial Results of Commercial Banks // Economics and Education. - Tashkent, 2006. –№ 1. - P. 135–137.
4. Report of the President of the Republic of Uzbekistan Sh. Mirziyoyev at the meeting on April 20, 2020 on social protection of the population and the activities of the construction and infrastructure sectors. https://president.uz/uz/lists/view/3506.
5. Speech of the President of the Republic of Uzbekistan Sh. Mirziyoyev at the video conference on March 26, 2020 on strengthening the fight against the spread of coronavirus infection // Tashkent. March 26, 2020.
6. Rakhmatullaeva F. (2016) ―The essence of tax benefits and their role in stimulating the economy. Scientific Journal of Finance №2 / 108 pages.
Published
2022-05-18
How to Cite
Sharof o’g’li, I. S., Abdumalikovich, A. D., & Nurulla o’g’li, O. J. (2022). The Importance of Commercial Banks during the Global Economic Crisis. International Journal on Economics, Finance and Sustainable Development, 4(5), 40-42. https://doi.org/10.31149/ijefsd.v4i5.3033
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