THE ROLE AND IMPORTANCE OF COMMERCIAL BANKS IN ECONOMIC GROWTH AND ITS DEVELOPMENT

Authors

  • Khujakulova Nigora Rustamovna Associate Professor of the Department of Innovative Economics, Karshi State Technical University

Keywords:

economic growth, commercial banks, financial intermediation, credit policy, banking system, investment.

Abstract

This article analyzes the role and importance of commercial banks as one of the important factors of economic growth. The stability of the banking and financial system and the fact that lending to the real sector through commercial banks serves to increase economic activity are scientifically stated. Also, the impact of commercial banks on the economy is highlighted on the basis of practical indicators using the example of the experience of Uzbekistan.

References

Annual reports of the Central Bank of the Republic of Uzbekistan (2020–2024).

World Bank – “Banking and Economic Growth” reports.

Mishkin, F.S. (2019). The Economics of Money, Banking and Financial Markets.

Levine, R. (2005). Finance and Growth: Theory and Evidence.

Official data of the State Statistics Committee of the Republic of Uzbekistan.

Khalikov Q.Kh. “Effective organization of commercial banks’ activities”. – Tashkent: Economics, 2019.

Azizov S. “Microfinance system and its role in the development of small businesses”. – Tashkent: Ilm Ziyo, 2021.

Ergashev A. “Banking system and regional development”. // Proceedings of the Republican Scientific and Practical Conference. – Tashkent, 2023.

Published

2025-06-21

How to Cite

Khujakulova Nigora Rustamovna. (2025). THE ROLE AND IMPORTANCE OF COMMERCIAL BANKS IN ECONOMIC GROWTH AND ITS DEVELOPMENT. Ethiopian International Journal of Multidisciplinary Research, 12(06), 510–514. Retrieved from https://eijmr.org/index.php/eijmr/article/view/3364