Commercial banks in recovering and selling economically insolvent enterprises: evidence from the economy of Uzbekistan

One of the measures of financial and economic anti-crisis program of Uzbekistan was to transfer economically insolvent enterprises to the balance of commercial banks with the aim of recovering their activity due to the banks' funds and profitable selling to strategic investors in future. This article is devoted to the analysis of this untraditional practice for Uzbek economy. It studies external benefits from the recovery of economically insolvent enterprises on the economy and principles of implementing this mechanism. Moreover, we tried to reveal obstacles existing in selling these enterprises for strategic investors and represented practical recommendations to eliminate these barriers. We used descriptive statistics techniques.