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Challenges in financing residential construction for individuals by commercial banks and ways to address them
Independent researcher of Tashkent State University of Economics.
Review
International Journal of Science and Research Archive, 2024, 13(02), 1290–1294.
Article DOI: 10.30574/ijsra.2024.13.2.2229
Publication history:
Received on 07 October 2024; revised on 14 November 2024; accepted on 17 November 2024
Abstract:
This article examines the challenges faced by commercial banks in Uzbekistan when providing financing for individual residential construction and explores solutions to improve this financing process. Key issues include high default risk, limited borrower creditworthiness, fluctuating interest rates, regulatory constraints, and high administrative costs. The study proposes targeted solutions such as phased disbursement loans, enhanced credit assessment, financial literacy programs, and partnerships with construction firms, and public-private collaborations.
Keywords:
Commercial banks; Residential construction financing; Default risk; Creditworthiness; Housing finance; Public-private partnership
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Copyright information:
Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0
