THE IMPORTANCE OF CREDIT CLASSIFICATION IN COMMERCIAL BANKS
Keywords:
Credit classification, commercial banksAbstract
The credit classification system plays a pivotal role in the operational efficiency and financial stability of commercial banks. This article examines the significance of accurate credit classification in the banking sector of Uzbekistan. It explores how an effective classification system ensures proper risk management, enhances the quality of loan portfolios, and complies with international banking standards. The study also analyzes the challenges faced by Uzbek banks in implementing advanced credit classification methodologies and highlights the benefits of integrating digital tools to improve accuracy and transparency. By fostering a robust credit classification framework, banks can mitigate risks, support economic development, and build greater trust among stakeholders.
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