THE IMPORTANCE OF A SUSTAINABLE BANKING SECTOR IN SOCIO-ECONOMIC DEVELOPMENT

Abstract

The purposeof the research - The stability of the banking sector is a necessary condition for ensuring sustainable economic growth in the long term. The purpose of the study is to study the directions of ensuring the stability of the banking sector within the framework of the implementation of national priorities for socio-economic development.Methodology of the research - In the article, the factors affecting the stability of the banking sector and the situation of the banking sector in our country were investigated and analysis, synthesis, comparative analysis, induction and deduction methods were used.Research findings - Banks have become part of our daily lives and activities. This includes many things like taking paychecks, paying bills, and saving for our future. Banking instability can lead to a financial crisis with negative consequences for the economy, so having a stable, stable and healthy banking sector is crucial