The role of the banking system in the economy is remarkable. The country’s stable banking system does not suffer more from the financial crisis. This is because the banking sector is the main link in the financial system, and the crisis in it will affect the other sectors immediately. A clear example of this is the 2008 global financial and economic downturn in the United States. The reason for this crisis was the inability to properly distribute bank loans. Not only did the US, but almost all the countries underwent some loss by that crisis. Therefore, banks have to form their credit portfolio considering different factors, especially those in relation to risks. This paper studies current basis of credit portfolio management in Uzbekistan and makes some proposals about formation of appropriate credit portfolio in commercial banks in Uzbekistan.