E- Global Congress Hosted online from Dubai, U. A. E., E - Conference. Date: 30th March 2025 Website: https://eglobalcongress.com/index.php/egc ISSN (E): 2836-3612 44 | P a g e JSCB BUSINESS DEVELOPMENT BANK’S ACTIVITIES AND ITS ANALYSIS Abdurazzakov Abdualim Abdujabbor ugli, Independent researcher at TSUE Abstract: This article talks about the main activities of the joint-stock commercial bank “Business Development Bank”. Also, the financial situation of this commercial bank and the services it provides to customers in the last 5 years are analyzed. Keywords: legal heir, financial resource, authorized capital, foreign currency, branch, automated branches. On the establishment of the JSCB Business Development Bank, the President of the Republic of Uzbekistan on August 18, 2023, at a meeting with entrepreneurs, it was proposed to further sustainably develop the small business sector of the economy, consistently deepen economic reforms in business entities, support entrepreneurial activity, strengthen its material and financial base, and accelerate the creation of modern enterprises for deep processing of economic products through the development of entrepreneurship for producers of economic entities. To this end, in accordance with this resolution, the shareholders of the joint-stock commercial bank “Rural Construction Bank” reorganized it into the joint- stock commercial bank “Business Development Bank”. JSCB Business Development Bank, an open joint-stock company, was recognized as the legal successor of JSCB “Rural Construction Bank” in terms of property, financial and other obligations, as well as requirements guaranteeing the safety and timely return of funds of legal entities and individuals. The main tasks of the JSCB Business Development Bank are as follows: ➢ providing loans and comprehensive banking services to farms which produce agricultural products; ➢ consistently improving credit and financing mechanisms for agricultural producers and enterprises of all forms of ownership, including https://eglobalcongress.com/index.php/egc E- Global Congress Hosted online from Dubai, U. A. E., E - Conference. Date: 30th March 2025 Website: https://eglobalcongress.com/index.php/egc ISSN (E): 2836-3612 45 | P a g e cotton ginning and grain processing enterprises specializing in the processing, storage, transportation and sale of cotton and grain products; ➢ implementing an active investment policy aimed at improving the land reclamation condition, modernizing production in the agro-industrial complex, technical and technological innovation, attracting modern foreign technologies and equipment, on this basis ensuring the production of high- quality products that are competitive in the domestic and foreign markets, and sustainably filling the domestic consumer market with local food products; ➢ mobilizing the bank’s own resources, attracting funds from the population and enterprises by offering new attractive types of deposits, using them effectively, including in the implementation of investment projects, and ensuring timely and full return of invested funds; ➢ attract investments and grants from international financial institutions and leading foreign banks, with the subsequent refinancing of agricultural producers and enterprises of the agro-industrial sector of the republic's economy with these funds. It is worth noting that the “Business Development Bank” was established on the basis of “Rural Construction Bank”, which was awarded the title of “Bank of the Year” in Uzbekistan in 2017 and 2018. When analyzing the main indicators of the Bank and client structure of JSCB “Business Development Bank”, the number of bank branches was 178 in 2017, 178 in 2018, 178 in 2019, 170 in 2020, 170 in 2021, 170 in 2022, 171 in 2023, and 171 in May 2024. Although there is almost no significant difference between these years, we can see that the number of indicators is relatively increasing or decreasing. The number of branches did not change between 2017, 2018, and 2019. In 2020, 2021, and 2022, the number of branches reached 170, which means that the number of branches decreased by 8. In 2023, the number of bank branches increased by 1, to 171. As of May 2024, the number of branches remained unchanged at 171. https://eglobalcongress.com/index.php/egc E- Global Congress Hosted online from Dubai, U. A. E., E - Conference. Date: 30th March 2025 Website: https://eglobalcongress.com/index.php/egc ISSN (E): 2836-3612 46 | P a g e Table 1 Analysis of the main indicators of the activity of JSCB “Business Development Bank” in the structure of the bank and clients № Main indicators 2017 2018 2019 2020 2021 2022 2023 2024 1 Bank and customer structure 178 178 178 170 170 170 171 171 1.1 Number of branches 166 195 248 180 244 183 143 142 1.2 Number of banking service centers 219 170 101 66 7 5 5 5 1.3 Number of special boxes 47 187 225 215 212 210 208 208 1.4 Number of currency exchange branches 182 179 232 289 322 346 307 306 1.5 Number of international money transfer branches 0 0 0 108 165 498 591 591 1.6 Number of 24/7 automated branches 274 224 304 693 319 391 355 702 411 840 434 601 443 848 447 767 1.7 Total number of customers: 222 131 246 812 262 753 288 085 322 515 337 591 339 251 341 543 Legal entities 66 362 73 736 80 174 97 837 131 556 144 159 152 509 155 496 - small business entities 79 304 88 115 95 001 85 371 99 063 97 053 85 105 85 776 - farms 52 093 57 881 56 638 67 617 89 325 97 010 104 597 106 224 Individuals 10 382 11 536 7 118 9 756 16 403 23 026 12 805 3 477 1.8 Number of appeals 178 178 178 170 170 170 171 171 Bank capital: 532 in 2017, 1 374 in 2018, 2 214 in 2019, 4 627 in 2020, 5 371 in 2021, 9 346 in 2022, 9 505 in 2023, and 9 351 in 2024. If we compare these years, we can see that in 2017-2018, it increased to 842, in 2018-2019, to 840, in 2019-2020, to 2 413, in 2020-2021, to 744, in 2021-2022, to 3 975, and in 2022-2023, to 159. However, this indicator decreased slightly in 2023 and May 2024, decreased by 159. Bank capitals amounted to -154 billion soums and 98% in percent compared to 01.01.2023. On 01.01.2022, they amounted to 5 and 100% in billion soums. Table 2 Composition of bank capital Main indicators 2017 2018 2019 2020 2021 2022 2023 01.05.2023 Banking capital 532 1374 2214 4 627 5 371 9 346 9 505 9 351 Authorized capital 368 1 336 2 163 4 393 4 908 8 554 8 554 8 554 Price per share (in soums) 1 168 1 168 1 168 1 168 1 168 1 168 1 168 1 168 Shareholder’s interest (%) - Fund for Reconstruction and Development of Uzbekistan 6% 66,7% 56,3% 78,5% 78,5% 70,7% 46,3% 46,3% - Reform Agency under the President (since 01.04.2023) 60% 24,0% 38,0% 18,7% 18,7% 27,1% 52,2% 52,2% - Others 34% 9% 6% 3% 3% 2% 1,5% 1,5% https://eglobalcongress.com/index.php/egc E- Global Congress Hosted online from Dubai, U. A. E., E - Conference. Date: 30th March 2025 Website: https://eglobalcongress.com/index.php/egc ISSN (E): 2836-3612 47 | P a g e Authorized capital: The authorized capital of the bank was 368 in 2017, 1 336 in 2018, 2 163 in 2019, 4 393 in 2020, 4 908 in 2021, 8 554 in 2022, and 8 554 in January and May 2023. If we compare over the years, it increased by 968 in 2017-2018, 827 in 2018-2019, 2 230 in 2019-2020, 515 in 2020- 2021, and 3 646 in 2021-2022, while these indicators remained unchanged in 2022-2023. Conclusion Our research revealed that the Business Development Bank has 13 regional branches, 171 branches and more than 720 mini-banks throughout Uzbekistan. The Bank has set itself the tasks of developing agriculture and deepening reforms in agriculture, supporting the farming movement, and providing a wide range of banking services to agricultural producers. In our opinion, the bank chooses liquidity and solvency as a priority, and then seeks to increase profitability. In order to strengthen the bank’s capital base, 30 percent of the profit received in 2009 will be directed to capitalization. This, in turn, will serve as the basis for increasing the bank’s assets and profitability, and will create a basis for the bank’s future development. The overall development of the republic's banking system is one of the important external factors affecting the current state of the bank. Given the constant growth in the volume of payments between banks, this factor significantly requires improving the level and direction of the payment system, introducing new banking technologies, and expanding the range of services provided. Used literature: 1. Resolution of the President of the Republic of Uzbekistan No. PR-1084 dated March 30, 2009 “On the establishment of the joint-stock commercial bank “Business Development Bank””. 2. The official website of the joint-stock commercial bank “Business Development Bank”, https://biznesnirivojlantirishbanki.uz 3. Official website of the Central Bank of the Republic of Uzbekistan, https://cbu.uz/ 4. National Database of Legislative Information of the Republic of Uzbekistan, https://lex.uz/ https://eglobalcongress.com/index.php/egc https://biznesnirivojlantirishbanki.uz/ https://cbu.uz/ https://lex.uz/