ISSN:
2181-3906
2023
International scientific journal
«MODERN SCIENCE АND RESEARCH»
VOLUME 2 / ISSUE 11 / UIF:8.2 / MODERNSCIENCE.UZ
718
PROBLEMS AND POSSIBILITIES OF ENSURING THE ATTRACTIVENESS OF
INVESTMENT PROJECTS OF COMMERCIAL BANKS
Kamiljanov Berdakh
Assistant teacher of Nukus Innovation Institute
Department of Economics and Business
Mamutova Kamila
Assistant teacher of Karakalpak State University
Department of Finance
Jarilkapova Naubakhar
2
nd
year student of Karakalpak State University
Department of Finance
https://doi.org/10.5281/zenodo.10158151
Abstract.
In the strategy for reforming the banking system of the Republic of Uzbekistan for
2022-2025, a comprehensive transformation of commercial banks with a state share in the
authorized capital is recognized as one of the priorities for reforming the banking system. This
makes it necessary to ensure the investment attractiveness of these commercial banks.
Key words:
commercial banks, investment attractiveness, assets, capital, profitability,
credit, inflation, devaluation.
ПРОБЛЕМЫ И ВОЗМОЖНОСТИ ОБЕСПЕЧЕНИЯ ПРИВЛЕКАТЕЛЬНОСТИ
ИНВЕСТИЦИОННЫХ ПРОЕКТОВ КОММЕРЧЕСКИХ БАНКОВ.
Аннотация.
В стратегии реформирования банковской системы Республики
Узбекистан на 2022-2025 годы комплексная трансформация коммерческих банков с долей
государства в уставном капитале признана одним из приоритетов реформирования
банковской системы. Это обусловливает необходимость обеспечения инвестиционной
привлекательности данных коммерческих банков.
Ключевые слова:
коммерческие банки, инвестиционная привлекательность, активы,
капитал, доходность, кредит, инфляция, девальвация.
Introduction
In the strategy of reforming the banking system of the Republic of Uzbekistan for 2022-
2025, improvement of the credit portfolio of commercial banks and risk management practices in
their activities, comprehensive transformation of commercial banks with a state share, sale of the
package of state shares in banks to investors with the necessary experience and knowledge on the
basis of competitive bidding, as well as , reducing the share of the state in the banking sector by
simultaneously reforming commercial banks and enterprises with a state share was recognized as
a priority for reforming the national banking system [1] . This creates the need to study the issue
of increasing the attractiveness of investment projects of commercial banks as an object of
scientific research.
Research methodology
The methods of induction and deduction, expert assessment, grouping and trend analysis
were used in the research.
ISSN:
2181-3906
2023
International scientific journal
«MODERN SCIENCE АND RESEARCH»
VOLUME 2 / ISSUE 11 / UIF:8.2 / MODERNSCIENCE.UZ
719
Statistical data of the Central Bank of the Republic of Uzbekistan and financial reports of
Bank of America, National Bank of Foreign Economic Activity of the Republic of Uzbekistan,
Ipotekabank and Sanoatkurilishbank were used as an information source of the research.
Analyzes and results
In the US, in order to ensure the attractiveness of investment projects of commercial banks,
great attention is paid to ensuring the liquidity, financial stability and capital adequacy of banks.
Since the current liquidity of Bank of America is provided by liquid assets in the form of
primary reserves, we evaluate the dynamics and level of its liquid assets (Table 1).
Table 1.
Dynamics and level of highly liquid assets of Bank of America in cash, percentage [2]
Indicators
2020 y.
2021 y.
2022 y.
Change in 2022
compared to 2020
Liquid assets, bln. dollar
157,4
161,6
380,4
2.4 times
The share of liquid assets in
the volume of gross assets, %
6,9
6,6
13,5
6,6 %
From the data presented in Table 1, it can be seen that the amount of Bank of America's
highly liquid assets in the form of money increased significantly in 2022 compared to 2020 and
had a growing trend in 2020-2022. This is a significantly high growth rate, which is a positive
situation from the point of view of ensuring the attractiveness of the bank's investment projects.
Table 1 shows that the share of highly liquid cash assets of Bank of America in gross assets
increased by 6.6 percentage points in 2022 compared to 2020. This is a positive situation from the
point of view of ensuring the investment attractiveness of this bank.
Capital adequacy of commercial banks is one of the necessary conditions for ensuring its
investment attractiveness.
Table 2.
The weight of regulatory capital in the volume of liabilities in National Bank of
Foreign Economic Activity of the Republic of Uzbekistan and Ipotekabank, in percent [3]
Banks
2020 y.
2021 y.
2022 y.
National Bank of Foreign Economic
Activity
10,1
19,7
17,4
Ipotekabank
8,2
15,8
13,2
From the data of Table 2, it can be seen that the weight of regulatory capital in the volume
of liabilities in the National Bank of Foreign Economic Activity increased in 2022 compared to
2021, but in 2022 it significantly decreased compared to 2020. This is a negative situation from
the point of view of ensuring the investment attractiveness of the National Bank.
ISSN:
2181-3906
2023
International scientific journal
«MODERN SCIENCE АND RESEARCH»
VOLUME 2 / ISSUE 11 / UIF:8.2 / MODERNSCIENCE.UZ
720
In Ipotekabank, the weight of regulatory capital in the volume of liabilities increased in
2022 compared to 2021, however, in 2022 it significantly decreased compared to 2020.
3-жадвал
The level of indicators of profitability of assets and profitability of capital in JSC
"Uzsanoatkurilishbank", in percent [4]
Indicators
2020 y.
2021 y.
2022 y.
Return on assets
0,4
0,8
2,0
Return on capital
3,8
8,3
11,3
From the data presented in Table 3, it can be seen that in 2020-2022, both the profitability
indicator of assets and the profitability indicator of capital had an increasing trend in
Uzsanoatkurilishbank. This is a positive situation from the point of view of ensuring the financial
stability of the bank.
From the data presented in Table 3, it can be seen that the rate of return on capital in
Uzsanoatkurilishbank grew at a higher rate (7.5 p.p.) in 2022 compared to 2021. This is explained
by the fact that the growth rate of net profit in this period is higher than the growth rate of
regulatory capital.
Current problems related to ensuring the attractiveness of investment projects of commercial
banks of the Republic of Uzbekistan are following:
1. The profitability of assets in commercial banks is low.
The analysis carried out above showed that the level of profitability of assets in large
commercial banks of our republic is low.
2. Problems related to improving the quality of the credit portfolio of commercial banks.
As of August 1, 2021, the share of problem loans of commercial banks of our republic in the
volume of gross loans was 6.2 percent [5]. This is higher than the generally accepted threshold
level (5%) in international banking practice.
3. Low level of investment attractiveness of shares of commercial banks.
The high rate of inflation and the high rate of devaluation of the national currency hinder the
attractiveness of investment projects of the shares of the country's commercial banks.
In our opinion, the following measures should be implemented to ensure the investment
attractiveness of commercial banks of our republic:
1. In order to ensure the attractiveness of investment projects of commercial banks at the
expense of increasing the profitability of assets, first of all, it is necessary to ensure the normative
level of the net interest spread indicator (1.25%); secondly, it is necessary to ensure the normative
level of the net interest margin indicator; thirdly, it is necessary to ensure the proportionality
between the rate of growth of net profit of commercial banks and the rate of growth of gross assets.
2. In order to eliminate the negative impact of problems related to the improvement of the
quality of the credit portfolio of commercial banks on the attractiveness of their investment
projects, first, it is necessary to ensure the normative level of reserve allocations intended to cover
losses from loans (1.0%); secondly, it is necessary to increase the level of diversification of the
credit portfolio of commercial banks by increasing the weight of retail loans in the volume of gross
ISSN:
2181-3906
2023
International scientific journal
«MODERN SCIENCE АND RESEARCH»
VOLUME 2 / ISSUE 11 / UIF:8.2 / MODERNSCIENCE.UZ
721
loans and improving the placement of loans according to the network characteristics of customers;
thirdly, it is necessary to remove the responsibility for the credit risk of the government programs
and the preferential loans granted within the framework of the commercial banks.
3. In order to ensure the attractiveness of investment projects of shares of commercial banks,
first, by reducing the rate of inflation and the rate of depreciation of the national currency, it is
necessary to put an end to the decrease in the real value of investments made in the shares of banks;
secondly, investors' income from investments in shares of commercial banks should not be taxed;
thirdly, it is necessary to ensure the standard level (15%) of the indicator of the profitability of the
commercial bank's regulatory capital.
REFERENCES
1.
Decree of the President of the Republic of Uzbekistan dated May 12, 2022 No.PF-5992
"Strategy for reforming the banking system of the Republic of Uzbekistan"//National
database of legal documents, 13.05.2022y., No. 06/20/5992/0581.
2.
Bank
of
America
Annual
Reports.
Concolidated
Balance
Sheet.
3.
Mamutova A., Ibragimov A. IMPROVING THE ANALYSIS OF FINANCIAL RESULTS
IN BANKING INSTITUTIONS //Modern Science and Research. – 2023. – Т. 2. – №. 10.
– С. 561-567.
4.
Financial statements. www.nbu.uz; www.ipotekabank.uz.
5.
UzSanoatkurilishbank. Financial statements. www.uzpsb.uz.
6.
Problem loans of commercial banks //www.cbu.uz. (Central Bank of the Republic of
Uzbekistan).
7.
Esemuratov B. DEVELOPMENT OF CHILDREN'S CREATIVITY ON THE BASIS OF
PEDAGOGICAL TECHNOLOGY AS AN EXAMPLE OF KARAKALPAK FOLK
SONGS //Modern Science and Research. – 2023. – Т. 2. – №. 10. – С. 835-840.
8.
Esemuratov B. EDUCATION OF YOUNG PEOPLE TO PATRIOTISM, COURAGE,
AND FREEDOM THROUGH SPOONS PERFORMED BY OTHERS //Modern Science
and Research. – 2023. – Т. 2. – №. 10. – С. 197-202.
9.
Nawrizbaeva A. A. THE PERFORMANCE SKILLS OF KARAKALPAK BAKSHIS
//Modern Science and Research. – 2023. – Т. 2. – №. 10. – С. 906-910.
10.
Есанов М. ФОРМИРОВАНИЕ НРАВСТВЕННЫХ КАЧЕСТВ ЛИЧНОСТИ
СРЕДСТВАМИ МУЗЫКИ //Oriental Art and Culture. – 2023. – Т. 4. – №. 1. – С. 719-
725.
11.
Ayapova K., Yesanov M. Organization of Music Lessons by the Teacher in Various Ways
//Miasto Przyszłości. – 2022. – Т. 27. – С. 189-191.
12.
Esanov M., Ametov A. DOIRA SAN’ATINING RIVOJLANISHI VA TARIXI //Oriental
Art and Culture. – 2022. – Т. 3. – №. 2. – С. 729-733.
13.
Eсанов М. Знание особенностей воздействия музыкального искусства на человека
//Science and Education. – 2022. – Т. 3. – №. 12. – С. 767-771
ISSN:
2181-3906
2023
International scientific journal
«MODERN SCIENCE АND RESEARCH»
VOLUME 2 / ISSUE 11 / UIF:8.2 / MODERNSCIENCE.UZ
722
14.
Тажимуратова Ш. С. САНЪАТШУНОСЛИК ФАНЛАРИНИ ЎҚИТИШ ОРҚАЛИ
ТАЛАБАЛАРНИНГ
МУСТАҚИЛ
ИШЛАШ
КЎНИКМАЛАРИНИ
ШАКЛЛАНТИРИШ. – 2023.
15.
Saginbaevna T. S. FORMATION OF STUDENTS'SKILLS OF INDEPENDENT
PERFORMANCE THROUGH THE TEACHING OF ART HISTORY //Spectrum Journal
of Innovation, Reforms and Development. – 2022. – Т. 9. – С. 386-392.
16.
Tajimuraova S. S. INFORMATION AND COMMUNICATIONS IN MANAGEMENT
//Journal of Integrated Education and Research. – 2022. – Т. 1. – №. 5. – С. 509-511.
17.
Tajimuratova Shakhnoza Saginbaevna. (2022). MANAGEMENT AND STUDY OF
CULTURE AND ART. Web of Scientist: International Scientific Research Journal, 3(1),
758–762.
18.
Sag’inbaevna, T. S. (2023). Cultural Life in Uzbekistan during the Years of Independence.
Spanish Journal of Innovation and Integrity, 18, 39-41.
