УДК 94 Всеобщая история
Objective: the research highlights the negative impact of the COVID-19 pandemic on the banking and financial system of the world and especially in Uzbekistan’s banking industry and analysis a number of practical reasons and ideas, such as what measures are being taken and should be taken by states and governments to mitigate it. Methods: analysis, observation, generalization, analogy, comparison. Results: what kind of measures should banks take during the Covid-19 pandemic; popularize distance banking services as online banking, mobile banking by commercial banks, introduce loan payment holidays to customers affected by the crisis, during Covid-19, and provide as much distance services as possible the need to continue their work during pandemic. Scientific novelty: by analyzing the changes taking place in the banking and financial system of Uzbekistan during the Covid-19 pandemic, recommendations are made on how commercial banks can overcome the crisis without losses. Moreover, the advice given by world organizations and the work being done by them during pandemic are studied. Practical significance: main provisions and inferences of the article can be used in banking industry to overcome issues which are occurring during Covid-19 pandemic and given recommendations can be useful for the future of commercial banks.
banking and financial system, Covid-19, Central Bank, interest rates, economic crisis, online banking services, mobile banking services, loan payment holidays during Covid-19
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