THE ROLE OF COMMERCIAL BANKS IN THE DEVELOPMENT OF INDUSTRIAL ENTERPRISES
DOI:
https://doi.org/10.5281/zenodo.19592558Keywords:
Commercial banking, industrial enterprises, economic growth, financial intermediation, capital allocation, modernization, credit portfolio, investment strategy, monetary policy, Uzbekistan, manufacturing sector, long-term lending, risk management, corporate finance, sustainable development, financial innovation, state-owned banks, private capital.Abstract
The rapid transformation of the global economy necessitates a robust financial infrastructure, wherein
commercial banks act as the primary catalyst for industrial development. This article investigates the pivotal role of
commercial banking institutions in financing, modernizing, and expanding industrial enterprises, with a specific focus on
the evolving macroeconomic landscape of the Republic of Uzbekistan. Through a comprehensive empirical analysis, this
study examines the mechanisms of credit allocation, investment dynamics, and the impact of banking sector reforms on
industrial output. The research identifies the fundamental challenges industrial enterprises face in accessing long-term
capital, including high interest rates and collateral constraints, while highlighting the systemic transition of state-owned
banks toward market-oriented operations. The findings reveal a direct positive correlation between long-term commercial
lending and the technological upgrading of manufacturing sectors. Ultimately, the paper concludes that while the volume
of industrial loans has increased significantly, structural enhancements in risk assessment, syndication, and alternative
financing are urgently required. Strategic recommendations are provided to optimize bank-industry integration, ensuring
sustainable economic growth and the successful realization of national industrialization objectives.
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