Sources of business financing
Plans:
Introduction…………………………………………………………………….3
1. Business and what it is?..................................................................................5
2. Sources of business financing……………………………………………….12
3. Small and Medium - Sized Enterprise Finance in Uzbekistan …………..25
Conclusion………………………………………………………………………
References………………………………………………………………………
Introduction
President Shavkat Mirziyoyev chaired a video conference devoted to reforming of the banking system and strengthening financial stability of banks, increasing the role of commercial banks in regional development and entrepreneurship.
Loans are a necessary resource for the development of business, production and infrastructure. Therefore, the role of commercial banks in attracting free funds to entrepreneurs and investors is very important in economic processes.
As a result of the systemic measures taken in this direction, the scale of lending to investment projects by banks has increased significantly over the past two years, and the loan portfolio has increased 3.2-fold. Within the framework of regional development programs, loans worth 27 trillion soums were allocated for 6.4 thousand projects.
Along with positive results, the meeting noted a number of problems in the banking system. This is evidenced by more than 24 thousand appeals regarding the banking sector, addressed to virtual receptions.
Due to the imperfect development of some projects by the khokimiyats and industries, a number of facilities were not put into operation on time and as a result, the repayment of loans has been delayed.
There is a growing number of bad debts due to the allocation of loans for housing repairs and construction of housing without a full review of the sources of repayment and their sufficiency.
The head of state said that the repayment of problem loans will further expand the capabilities of banks, their recovery requires the joint work of the heads of banks, enterprises, companies and associations, regions and debtors.
Insufficient activity of banks in attracting resources for loans. The attraction of free funds of the population and legal entities, primarily in term and savings deposits, contributes to the financial stability of banks.
The President noted the need to increase the involvement and development of credit lines of international financial institutions.
The meeting focused on the insufficient work of the supervisory boards of commercial banks to identify areas of strategic development and improve their activities. In this regard, the Central Bank and the Ministry of economy of the Republic of Uzbekistan were instructed to critically examine the activities of the supervisory boards of banks under the jurisdiction of the state, to review the composition of the boards and improve their efficiency. It was instructed to attract highly qualified specialists from abroad to improve the activities of financial institutions.
The head of state noted the need to significantly increase the volume of microcredits for the development of entrepreneurship, employment, simplification of the procedure for their allocation.1
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