BANKS: THEIR CORE FUNCTIONS AND TYPES

Khodjimamedov Akmal Ashurovich; Kosimova Nafosat Damin kizi; Rajabaliyeva Rushana Ikrom kizi; Mustafakulova Sevarabonu Shuxratovna

Authors

Khodjimamedov Akmal Ashurovich Acting Associate Professor of the Department of Finance, PhD Samarkand institute of economics and service
Kosimova Nafosat Damin kizi Student of Samarkand intitute of economics and service
Rajabaliyeva Rushana Ikrom kizi Student of Samarkand intitute of economics and service
Mustafakulova Sevarabonu Shuxratovna Student of Samarkand intitute of economics and service

Keywords:

Banks, financial intermediation, payment system, risk management, types of banks, economic development

Abstract

Banks are essential institutions in modern economies, playing a critical role in the efficient allocation of financial resources, ensuring economic stability, and supporting social development. This article provides an in-depth analysis of the core functions of banks, the different types of banking institutions, and their role in facilitating economic and social processes. It also highlights the significance of banks in financial intermediation, payment systems, risk management, and financing development projects.

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