Theory of economics

Money emission . As in many countries of the world, the Central Bank of the Republic of Uzbekistan has the right to issue money, that is, it is an emission Center. This task is now also incredibly important, because in retail trade it is necessary to have cash in order to pay the product fee and to ensure that it has funds in the event of a severance of debt obligations.

Structure and functions of commercial banks

According to the laws of the Republic of Uzbekistan, the bank is a commercial institution and carries out lending and other operations on behalf of individuals and legal entities on the basis of terms of repayment, term, repayment and other operations.

Commercial banks are the second branch of the banking system of the Republic of Uzbekistan, a significant part of the credit resources are collected in these banks and provide banking services to legal and physical persons. The legal basis of the activity of commercial banks is the “banking and banking activities”, presidential decrees and other laws adopted in 1996.

Currently, more than 30 commercial banks operate in Uzbekistan. Significant charter fund, large banks with credit resources and customers are operating widely in the Industrial Construction Bank of Uzbekistan, the National Bank for foreign economic relations, Asakabank and others. The amount of authorized capital in the organization of commercial banks was 10 million from January 1, 2011. it is necessary to have a deposit in the amount of the euro equivalent.

Depending on the signs of commercial banks can be divided into the following types:

-State Bank,

-to shareholder banks

-cooperative

-private

-regional

-the mixture is divided into bank based on ownership.

In highly developed countries, the majority of commercial banks are stockholder banks in terms of their form of ownership.

Some commercial banks can be established from the account of stakes (contributions). Participants in these types of banks can also be legal entities and individuals.

Private banks are banks that are formed from the account of a natural person's monetary assets.

Commercial banks depending on the operation they perform-

-universal

-it is divided into private banks.

Depending on the sign located commercial banks:

-International

-Republic

-Regional

-can be divided into regional banks

Depending on the services provided to the sectors: industry, construction, agriculture, trade and other banks can be divided.

The importance of banks in the conditions of market economy is growing their impact on the economy.

The economic importance of commercial banks leads to the wide extent of its activities.

Due to the fact that the activities of commercial banks as a legal entity are seriously affected by the interests of depositors, creditors, in general, the state and society, its organization is a long-standing process. During this time, the relations between the future founders will be established, the necessary funds for the authorized capital of the bank will be prepared, the executive persons will prepare the necessary documents, conduct an appropriate examination, etc.

The legal basis for the organization and liquidation of commercial banks is expressed in the law "on banks and banking activities". Banks carry out their activities on the territory of the Republic on the basis of a license issued by the central bank.

The issuance of licenses to banks is carried out on the basis of the laws and other laws of the Republic of Uzbekistan "on banks and banking activities", "on the Central Bank of the Republic of Uzbekistan", "on protection of shareholders' and shareholders 'rights", as well as requirements established in normative documents to the bank.