Inttroduction

Ways and measures to overcome the global financial and economic

crisis in Uzbekistan

In the anti-crisis program for 2009-2012

the role of the banking system in the implementation of the identified priorities As in all industries, in the financial market, including the banking sector as a result of ongoing reforms, significant shifts and changes have taken place being increased. These changes are in line with international standards during the years of independence continued in sync with the gradual establishment of the banking system being brought. It is one of the main pillars of any country's economy a financially sound and stable banking system is calculated. Therefore, the level of socio-economic development of an independent state and its future development is primarily built in this country and is steady depends on the performance of the banking system, which will be improved. The peculiarity of banks is that they do not have their own funds. rather, depositors and creditors, shareholders, and customers trust them with the funds it provides, that is, with the general public.

In a market economy, the banking system is the most necessary public institution since one of the systems, the failure of any bank is the whole society the reduction in the money supply, the disruption of the payment system, and the government's large and adverse macroeconomic consequences such as the occurrence of unexpected liabilities can cause. Transition of the Republic of Uzbekistan to a socially oriented market economy process in the banking system as part of many important economic reforms both profound changes and monetary instruments of the economy requires the creation of a whole mechanism of regulation through. Socio-economic development of the country in 2009, set by the President implementation of the most important development priorities sustainable, balanced and consistent development of the economy as a result of measures forecasts and macroeconomic indicators proportionality is ensured.

The central bank's tight monetary policy has been aimed at strengthening macroeconomic stability. The global financial and economic crisis is still a global one has a serious negative impact on the economies of their countries The global financial economy in the prudent economic policy pursued in our country to overcome the negative effects of the crisis, the basic sectors of the real sector of the economy special attention is paid to ensuring sustainable operation. In particular, the “2009-2012 The Anti-Crisis Program for the coming years is a clear proof of our opinion. In the words of our President, by our government in 2009-2012 mitigating and mitigating the effects of this program, which has been in place for years is becoming more and more important today. This is one of the main directions of the anti-crisis program ensuring the sustainable operation of enterprises in the real sector of the economy and strengthening their export potential, while increasing the investment activity of banks special attention is paid to increase. Increasing the authorized capital of leading banks in 2009 alone for an additional $ 500 billion. More than UZS were allocated from the state budget. In particular, the relevant decrees and resolutions of the President of the Republic of Uzbekistan mainly People's Bank, Asaka Bank, Uzpromstroybank, Microcreditbank,

The authorized capital of Agrobank and Qishloq Qurilish Bank has been determined Work is underway to bring the parameters to:

- The authorized capital of the State Commercial People's Bank is 130 billion soums. to the sum;

- The authorized capital of Uzpromstroybank joint-stock commercial bank is 110 billion soums. to the sum;

- The authorized capital of the joint-stock commercial bank "Microcreditbank" is 150 billion soums. to the sum;

- The authorized capital of the joint-stock commercial bank "Agrobank" is 100 billion soums. to the sum;

- The authorized capital of the joint-stock commercial bank "Qishloq Qurilish Bank" is 90 billion soums. to the sum;

- The authorized capital of the Asaka State Joint-Stock Commercial Bank is 300 billion soums. Sum delivered.

In addition, the authorized capital of the state-owned People's Bank in 2009-2012 will be 200 billion soums, the authorized capital of Qishloq Qurilish Bank joint-stock commercial bank 150 billion Appropriate measures are being taken to deliver UZS.

Measures to attract private capital to the authorized capital of banks The number of banks included in the list of RSE "Tashkent" reached 18 in 2009 during which 17.4 bln. UZS shares directly to investors on the stock exchange sold out. As a result of the measures taken to date, the Bank of Uzbekistan The system has become one of the most stable systems that meets international requirements at the time he had a firm position on a number of established norms.

Today, the banking system of Uzbekistan is one of the most stable systems that fully meets international standards and is currently strong in a number of indicators position. The basic industries of the reaj sector and the sustainable operation of exporting enterprises. A number of measures have been taken to ensure. First of all, it is necessary to provide commercial banks with a stable and long-term resource base the main focus was on increasing their charter capital to ensure. Increasing the authorized capital of leading banks in 2009 alone for an additional $ 500 billion. More than UZS were allocated from the state budget.

In particular, today the level of capital adequacy of commercial banks of the republic is 23 and internationally determined by the Basel Committee on Banking Supervision about 3 times the standards.

It is important to note that this is different in times of global crisis At a time when the banking system in countries is facing severe challenges, the assets of our country All major commercial banks, which make up 90% of the banking system, are rated by Fitch Ratings.

Leading international rating companies such as Moody's, Standard & Poor's managed to get a high rating of Sustainability of commercial banks and expansion of their long-term resource base, in turn, the support of enterprises in the real sector of the economy by banks first of all, modernization of production and in our country opportunities to stimulate domestic demand for manufactured products laid a solid foundation for strengthening.

The level of capitalization of commercial banks

Against the Crisis Adopted by the Government for 2009-2012 the impact of the crisis on the banking and credit system of the republic has been instrumental in mitigating and eliminating. Many countries around the world the financial crisis that engulfed it despite the expansion Reliability of the banking system of Uzbekistan and sustainable development, foreign depending on funding sources and not succumbing to the negative effects of external crises.

In 2009, Asia Alliance Bank was a private open joint-stock company in our country. Establishment of a commercial bank, the Central Bank of the Republic of Uzbekistan Hi-Tech Bank is privately closed in accordance with the decision of the Board dated January 9, 2010 a license to conduct joint-stock commercial banking. As a result, the total number of commercial banks reached 30. Hi-Tech Bank is private the authorized capital of the closed joint-stock commercial bank is 5.25 billion soums. More than Rs 51% of which is at the expense of individuals is correct. The opening of this new bank is part of the

“Private on measures to encourage the establishment of joint-stock commercial banks’’. This is another confirmation of the consistent implementation of the requirements of the decree. Economic growth has expanded the scope of bank lending goes Credit is only for production and transactions related to daily activities not for the short-term needs of the process, but for long-term capital to meet the existing needs. The banking system issues loans through the creation of deposits creates credit instruments that replace full money. It is aimed at automation and computerization of the banking system of the republic as a result of the measures used only for the internal needs of the bank information system and a set of local programs, but also the financial performance of the economy. An integrated national payment system has been created. Expanding the range of services provided by banks to the population, in order to create conveniences on the basis of modern technologies. A number of measures are being taken to improve the socio-economic situation in the country is reflected in his life. “Money outside the bank a sharp reduction in turnover and money strengthening behavior, national increase currency stability, retail in trade and services when performing calculations use of plastic cards expansion issues from now on We need to focus on that, too. "

Also, the President of the Republic of Uzbekistan issued a decree "On deposits in banks on guarantees of uninterrupted payment of cash from accounts

The banking system in compliance with the requirements of Resolution No. 147 of 5 August 2005.

A number of measures taken by the government have affected the banking system of the population led to a further increase in confidence.

It is known that the President of the Republic of Uzbekistan on November 28, 2008.

In accordance with Decree No., on deposit accounts of citizens in commercial banks full return of deposits by the state, regardless of their amount. This will further increase public confidence in the banking system and the deposits of these individuals in banks had a positive effect on the increase in volume.

Based on this task, it is shown to the population in the banking system

expansion of modern types of banking services, cashless payment system

widespread adoption, including the development of the use of plastic cards

concrete measures have been taken. As a result of the work carried out, 2010 1

to commercial and service outlets by commercial banks as of January

the total number of installed terminals is 60,631, the total number of plastic cards 6058.9 thousand, of which the number of cards in the monthly salary projects is 3546.7 thousand. The number of corporate cards was 11.3 thousand. Plastic 3846 billion to card accounts UZS were transferred. This was done using plastic cards and terminals it is planned to increase the volume of transfers at a high rate from year to year. Accordingly, all applicable regulations, including

Refers to the Central Bank's cash handling guidelines changes and additions have been made. All available in cash and the abolition of restrictions would unify cash and non-cash settlements was an important step in as a result of the measures taken, the cash flow is even higher strengthen and reduce the out-of-bank cash flow laid the groundwork. Also, bank deposits of business entities

the uninterrupted transfer of cash from their accounts was fully ensured. Commercial banks are enough for this capital, financial stability in a word, they are big should become investment institutions. I.Karimov (from the report)

It should be noted that our country plastic in the banking system by the government increase the number of cards and the population settlements with plastic cards one to encourage implementation how many benefits are provided. One of them which serves plastic cards delivery and installation of processing centers and ATMs measures to exempt from customs duties until 2020.

Based on the goals and objectives of monetary policy, the Central Bank money supply with extensive use of indirect support of monetary policy due to the increase in gold and foreign exchange reserves, which is the main source of growth took measures to control the amount of money in circulation.

As a result of specific measures taken by the Central Bank in the monetary sphere, the forecast indicators of monetary aggregates set last year

within which the money supply corresponds to the growth of the gross domestic product provided.

Monetary policy measures are consumer goods eliminated the impact of monetary factors on prices, and the inflation rate is forecast did not exceed the figure and amounted to 7.4%. Commercial banks are enough for this capital, financial stability in a word, they are big should become investment institutions. I.Karimov (from the report) No. 4057 of the President of the Republic of Uzbekistan dated November 28, 2008 Deposits of citizens in deposit accounts of commercial banks in accordance with the decree full refund by the state, regardless of their amount. The guarantee is that the population will have more confidence in the banking system strengthening and, ultimately, deposits of individuals in banks had a positive effect on the increase in volume. Sustainability of banks in order to further strengthen and regulate their liquidity to the reserve fund of commercial banks in the Central Bank from December The norm for transfers is for deposits in national and foreign currencies the same, 15 percents.

Conclution

Problems with bank capital have been as much a cause of controversy as it is desirable that there is no front line of any other banking activity. Since long ago the amount of bank capital between banks and the bodies regulating their activities and there are disputes about the structure. In recent years, not only the bank's capital not without changing the essence and views on the concession, but on the activities of the bank the views on the role of capital in control are also changing.

In general, during these years the commercial banks of the Republic are regulyativ an increase in capital evaziga an increase in the number of banks with large capitalised the course is considered a positive state.Therefore, the financial performance of commercial banks to increase the stability of the population, further confidence in the banking system strengthening and expanding the opportunities for lending to the real sector of the economy considering that it is one of the pressing issues that banks by the government particular attention is paid to the issue of raising the level of capital.

In the banking business, capital is introduced by the owners of the bank and is mainly an axial funds consisting of capital, additional capital, unforeseen expenses profit from reserves and undistributed profit. Bank capital assorted it protecting against risks is the last "line of defense" of bankrolling will serve. Capital as well as banking credit activities and structural it is a long-term financial instrument that ensures its development. Bank Capital Main forms-ordinary shares, imputed shares, additional capital, non-distributed profit is Reserves, subordinated debts.

Increase the level of capital of commercial banks, proper management of them on this it was desirable to carry out the following: Long-term subordinated loans to commercial banks by central bank to give way;

The main banks share of the newly-formed banks in real-time commercial banks it is necessary to allow participation in the share capital of up to 10-15 percent; To increase the authorized capital of the banks and to pay commercial interest to increase the size of the authorized capital in the structure of the regulatory capital of banks must achieve.

Internal resources in attracting additional capital to increase the capital of the Bank internal sources of interest use of account i.e. dvident policy;

The World Bank's capital flows in the conditions of the financial and economic crisis are known at the level, it has fulfilled the means of protection, but their capital resources are stable many banks are in a state of crisis because of the lack of funds being formed caused to remain.Therefore, the composition of capital from stable funds must be formulated;

Share capital from the main capital structure to the additional capital structure of the devaluation Reserve must add Simple and preferential trading shares of banks binary options ensuring that the stock market is buying and selling;

In conclusion, we can say that the market relations in our country are a taboo in the conditions of deepening and modernization of the economy, the achievement of further increase in the capital of commercial banks will contribute to the development of the national economy and the development of the population. It serves to further improve the well-being of the living.