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This paper examines the assessment of a commercial bank's activity in the securities market using portfolio size, the portfolio's share of total assets, and interest income. Data for the National Bank of Uzbekistan (NBU) for 2019–2023 are used to compare trends in its securities portfolio and income. The study highlights the need to consider returns, liquidity, and risk jointly, without equating growth in investment volume with investment efficiency.
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Yuldashev Fozil Turapovich (2026) studied this question.
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