Ilmiy tadqiqot markazi

Figure 1. The emergence of synergy effects in financial-industrial groups
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Operational synergy in the activity of financial and industrial groups is manifested on 
the basis of: 
- increase in income from activities; 
- increase in sales volume and profitability due to cost savings; 
- optimization of tax payments due to mutual integration of activities and, as a result, 
reduction of payments to a certain extent; 
- increasing the possibility of attracting long-term investments to the implementation of 
promising projects. 
Financial synergy through the formation of financial-industrial groups is expressed in: 
- reduction of costs associated with attracting financial resources (loans, debt funds) 
necessary for financing investment projects; 
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Compiled by the researcher. 

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- diversification of the sources of financing the activities of the participants of the 
financial-industrial group; 
- increased ability to prevent and effectively manage financial risks that may arise in the 
activities of group participants; 
- expansion of the composition of the sources of increase of the available capital. 
The complex of the two main forms of synergy presented above is achieved by forming 
integrated structures, as a result of which it is possible to increase the overall level of 
capitalization of the corporate structure. 
By forming financial-industrial groups on the basis of the above-mentioned 
requirements, in the future, it will be possible to effectively organize financial relations 
between the group participants and to ensure the harmony of the interests of the participants, 
to introduce mutually beneficial activities. 
In our opinion, it is appropriate to take into account the following conditions during the 
formation of financial-industrial groups: 
1. Formation of financial-industrial groups on the basis of technologically related 
industrial enterprises producing products with high competitiveness in domestic and foreign 
markets. 
2. Prevention of negative situations related to monopoly that may arise as a result of the 
merger of finance and industrial capital. In this process, the prevention of the emergence of 
monopoly requires the presence of other competitors in the production of products in the 
economy, or the additional purposeful formation of financial and industrial groups in the 
market of products in the same sector. 
4. It is necessary to ensure the discretion of enterprises in joining the group, while 
choosing the participants of joint activities taking into account the economic interests of the 
participants, and taking into account the personal initiative of enterprises in the development 
of the financial-industrial group project. 
In conclusion, we can say that in the current conditions, there are necessary financial 
and economic conditions for the formation of financial-industrial groups with the 
participation of commercial banks and industrial enterprises in the national economy. This 
situation plays an important role in the formation of the activity of financial and industrial 
groups. By forming the activities of financial and industrial groups, a favorable environment 
will be created for the sustainable development of enterprises operating in the industrial 
sector of the economy and for increasing their competitiveness in the world market.