Current problems and development prospects of the banking system of Uzbekistan

This article analyzes the current problems and development prospects of the bankingsystem of Uzbekistan. The paper examines the key challenges faced by the banking sector, includinghigh dollarization, insufficient financial inclusion, corporate governance issues, and shortage of longtermfinancial resources. Particular attention is paid to the reforms carried out in accordance with theBanking System Reform Strategy for 2020–2025, including privatization of state-owned banks,digitalization of banking services, and implementation of fintech solutions. The article also analyzesthe development prospects of the banking system, such as increasing financial stability, expandingthe range of services, and integration into international financial markets. Based on internationalexperience and statistical data, the need for an integrated approach to reforms to achieve sustainableeconomic growth is emphasized. The article is valuable for economists, banking sector specialists,and public policymakers.