Commercial banks The term commercial bank refers to a financial institution that accepts deposits, offers checking account services, makes various loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses. A commercial bank is where most people do their banking.
Commercial banks make money by providing and earning interest from loans such as mortgages, auto loans, business loans, and personal loans. Customer deposits provide banks with the capital to make these loans.
The banking system of Uzbekistan includes the Central Bank and 30 commercial banks (3 state-owned banks, 13 joint stock banks, 5 banks with foreign capital and 9 private banks), which have extensive network of branches and mini-banks nationwide (over 4600 branches and retail offices).
As of June 1, 2021, the assets of the banking system of Uzbekistan amounted to 395 trillion.soums (increase by 27.5% compared to June 1, 2020), liabilities - 333.6 trillion.soums (increase - 30.6%), total capital - 61.5 trillion.soums (increase by 13.1%). Currently, more than 56,000 people work in the banking system.
Task 7. Choose one Uzbek or foreign enterprise and calculate 4 different ratios. Fill in the Table like in this example.
