Transformation of Commercial Banks and Management of their Sustainable Development

Abstract

The article discusses some of the features of the creation and operation of new commercial banks in the Kyrgyz Republic, as well as their development in the context of a pandemic and the EAEU. The National Bank of the Kyrgyz Republic is the main regulator and supervisory body of banking in the country, which makes decisions on the admission or non-admission of the bank to the domestic banking market. The legislation of Kyrgyzstan establishes a set of requirements and conditions for the creation of a financial and credit organization. In general, new commercial banks in Kyrgyzstan, fulfilling all the requirements and conditions determined by the current legislation, have, taking into account some specifics, equal rights, obligations and opportunities in comparison with the existing banks. The purpose of the research is to reveal the features of opening new banks and to study their further development in the context of integration processes. Description of the scientific and practical significance of the work. In the process of writing, such research methods as synthesis, analysis, statistical data processing were used. The main results of the research work was that banking is a promising and profitable business, despite this it must constantly introduce innovations and meet modern requirements in the context of the integration of the financial and credit system. The value of the study is that for the first time an attempt was made to generalize the process of creating new banks in the Kyrgyz Republic, the features of the transformation of microcredit companies into a commercial bank. This work can be used as a methodological guide for further research in the field of the credit system, the development of regulatory documents in the field of development of the credit system.