FEATURES OF THE DEVELOPMENT OF THE BANKING SYSTEM OF THE REPUBLIC OF UZBEKISTAN AT THE PRESENT STAGE

Abstract

The article analyzes modern reforms on the development of the banking sector in Uzbekistan, characterizes the most important indicators of the banking sector of the republic in dynamics, analyzes problem loans of commercial banks with state participation and with private property. The analysis showed that frequent changes in tax legislation and currency policy are a significant obstacle to the further development of the banking system of Uzbekistan, which at the initial stages may lead to fluctuations in the profitability of financial instruments, and in the future may contribute to a significant intensification of crisis processes in the economy. The results of the study can be used in the system of strategic decision-making for the development of countries with economies in transition.