Articles
| Open Access |
https://doi.org/10.37547/ijmef/Volume04Issue06-06
THE ROLE OF COMMERCIAL BANKS IN THE ECONOMY OF THE REPUBLIC OF UZBEKISTAN
Abstract
Commercial banks provide trade finance services such as letters of credit and bank guarantees that facilitate international trade. In addition to financing, commercial banks in Uzbekistan also play an important role in promoting financial inclusion. They offer a range of financial products and services to individuals of all income levels, including savings accounts, debit cards and personal loans. It will help promote financial literacy and inclusion in the country. Commercial banks also make a significant contribution to the growth of the economy by attracting savings of the population and business entities. They pool these funds and allow them to be used for investment in various sectors of the economy. This will help stimulate economic growth and development.
Keywords
Commercial bank, internet banking, gross domestic product
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