Integrated risk management in commercial banks involves effectively managing all significant risks, such as credit and liquidity risks, to ensure stability and financial health. The goal is to systematize approaches to risk management, assess their pros and cons, and provide recommendations for improvement. Uncertainty in decision-making is caused by incomplete information and factors like ignorance, randomness, and competition. Risk is the probability of unexpected losses, and modern banking systems focus on continuous monitoring of overall risk rather than individual events. Effective risk management helps banks allocate capital and reserves wisely, ensuring their stable existence in uncertain times.