BANKING INSTITUTIONS IN UZBEKISTAN AND THEIR IMPACT ON ECONOMIC DEVELOPMENT

Abstract

The importance of the banking system in the modern economy cannot be overestimated. The economic well-being of the country, its standard of living, economic growth, the relevance of the modern economic model, and the efficiency of the country's economy as a whole depend on how successfully the banking system is built. Banking is currently very diverse, as banks provide a wide range of banking services, which, of course, have an impact on the economy. This article covers questions regarding the formation of the banking system of Uzbekistan, an analysis of its current state, as well as conclusions and conclusions on the role of banking institutions in the economy.