This article examines the probability of risk occurrence within the banking sector and analyzes their potential impact on the financial performance and stability of banks. A comprehensive approach to risk assessment is proposed, including detailed mechanisms and tools for evaluating various types of risks—such as credit, market, operational, and liquidity risks. Particular attention is given to the development stages of a risk assessment matrix, which serves as a strategic instrument for identifying, categorizing, and prioritizing risks based on their likelihood and potential consequences. Moreover, the study addresses the essential aspects of continuous risk monitoring and control processes, emphasizing the importance of timely detection and effective management to mitigate adverse effects on banking operations. The findings are intended to enhance risk management practices and support the development of more resilient and sustainable banking systems.

risks, risk matrix, risk appetite, risk level, risk probability, risk impact, risk monitoring, risk control.

Law of the Republic of Uzbekistan “On Banks and Banking Activity” (No. O‘RQ-580 dated November 5, 2019).

Decree of the President of the Republic of Uzbekistan No. PF-5992 dated January 12, 2020, “On the Strategy for Reforming the Banking System of the Republic of Uzbekistan for 2020-2025”.