Category: Other producers of official statistics
Area: ONAs
Survey / data collection: Aggregated balance of banks in Montenegro

MONSTAT metadata
Reference metadata
  1. Contact
  2. Metadata update
  3. Statistical presentation
  4. Unit of measure
  5. Reference period
  6. Institutional mandate
  7. Confidentiality
  8. Release policy
  9. Frequency of dissemination
10. Accessibility and clarity
11. Quality management
12. Relevance
13. Accuracy and reliability
14. Timeliness and punctuality
15. Coherence and Comparability
17. Data revision
18. Statistical processing
19. Comment

Note: For any question on metadata, please contact MONSTAT metadata support.

                                                                                     1. Contact                                                                           Vrh
1.1. Contact organization: Central Bank of Montenegro
1.2. Contact organization unit: Sector for Financial Stability and Research and Statistics
1.2. Contact organization unit: Bulevar Sv. Petra Cetinjskog 6, 81000 Podgorica

                                                                                      2. Metadata update                                                                       Top
2.1. Metadata last certified:09/08/2021
2.2. Metadata last posted:14 December 2022
2.3. Metadata last update:09/08/2021

                                                                                3. Statistical presentation                                                                  Top
3.1. Data description:Monthly production of statistics of banks and Central bank
3.2. Classification system:Classification is in line with MFSMCG (Monetary and Financial Statistics Manual and Compilation Guide - IMF, 2016) and ESA 2010 (European System of Accounts) methodology.
3.3. Sector coverage:Banks and Central bank have the reporting obligation.
3.4. Statistical concepts and
The survey is aligned with the international standards
3.5. Statistical unit:Montenegrin banks and Central bank
3.6. Statistical population:Montenegrin banks and Central bank
3.7. Reference area:Montenegro
3.8. Time coverage:Monthly data from 2006 for banks and monthly data from 2007 for Central bank
3.9. Base period:Attn.

                                                                                      4. Unit of measure                                                                        Top
EUR (thousands)

                                                                                     5. Reference period                                                                       Top
Monthly data

                                                                                  6. Institutional mandate                                                                    Top
6.1. Legal acts and other
In accordance with the Law on Official Statistics and the System of Official Statistics ( Official Gazette of Montenegro , No. 18/12, 47/19), the Central Bank of Montenegro is the producer of official monetary and financial statistics. Data are collected and processed pursuant to the Central Bank of Montenegro Law (OGM 40/10, 46/10, 6/13, 70/17), Banking Law (OGM 17/08, 44/10, 40/11), and Decision on Bank Reporting to the Central Bank of Montenegro (OGM 64/12, 83/17, 24/18, 39/18, 37/19).
6.2. Data sharing:Eurostat, IMF; Monstat for National Summary Data Page for eGDDS.

                                                                                        7. Confidentiality                                                                          Top
7.1. Confidentiality - policy:Law on Official Statistics and Official Statistical System, Law on Central Bank of Montenegro (Official Gazette of Montenegro No 40/10, 46/10, 6/13) and Law on Current and Capital Affairs with Abroad (Official Gazette of the Republic of Montenegro No 45/05 and Official Gazette of Montenegro No, 62/08,62/13), Decision on Keeping Record on Current and Capital Affairs with Abroad and Data Submission on These Affairs (Official Gazette of Montenegro No 8/2017 from 03.02.2017), and the Decision on Cash Amount that Can Be Entered and Take Out from Montenegro Without Declaration. Chapter V Statistical Confidentiality of the Regulation (EC) No 223/2009 of the European Parliament and Council adopted on 11 March 2009 on the European Statistics regulates protection and transmission of confidential data in ESS and ESCB
7.2. Confidentiality - data
Data is available to public in aggregate form only.

                                                                                        8. Release policy                                                                         Top
8.1. Release calendar:Data is published following the date defined in the official publication Calendar. The calendar is publicly available.
8.2. Release calendar - access:
8.3. User access:Data is available on the CBCG website, according to the release calendar and at the same time for all the users.

                                                                            9. Frequency of dissemination                                                             Top

                                                                                  10. Accessibility and clarity                                                                Top
10.1. News release:Attn.
10.2. Publications:Bulletin, Quarterly and Annual Macroeconomic Report, Annual Report, Inflation Report (
10.3. Online database:Attn.
10.4. Micro-data access:Attn.
10.5. Other:Apart from the website of the CBCG, data is also available on an IMF page

10.6. Documentation on methodology:
10.7. Quality documentation:Operating procedures

                                                                                  11. Quality management                                                                 Top
11.1. Quality assurance:Quality is ensured by the use of statistical concepts presented in the IMF Compilation Guide for monetary and financial statistics, as well as using ECB methodologies for monetary and financial compilation
11.2. Quality assesment:Attn.

                                                                                        12. Relevance                                                                              Top
12.1. User needs:National users: ministries and other institutions of public administration, MONSTAT, banks, researchers, media and other International users: IMF, World Bank, ECB, foreign embassies, researchers and other
12.2. User satisfaction:Attn.
12.3. Completeness:Attn.

                                                                                  13. Accuracy and reliability                                                              Top
13.1. Overall accuracy:Attn.
13.2. Sampling error:Attn.
13.3. Non-sampling error:Attn.

                                                                              14. Timeliness and punctuality                                                          Top
14.1. Timeliness:Attn.
14.2. Punctuality:The data is published in line with the release calendar

                                                                                      15. Coherence and Comparability                                                                          Top
15.1. Comparability -
The data are comparable with international documents and methodology
15.2. Comparability over time:Time series is fully comparable

15.3. Coherence - cross
15.4. Coherence - internal:Attn.

                                                                                        17. Data revision                                                                          Top
17.1. Data revision - policy:Preliminary quarterly data is revised upon definitive data availability. Users are informed on data definitiveness. In case of significant differences, changes, alongside reasons behind them, are explained in reports. Series are revised as far-back as possible, with the aim of ensuring data series comparability.
17.2. Data revision - practice:Attn.

                                                                                 18. Statistical processing                                                                 Top
18.1. Source data:Monthly bank reports
18.2. Frequency of data
18.3. Data collection:Direct reporting by Montenegrin banks
18.6. Adjustment:Attn.


                                                                                           19. Comment                                                                             Top