Category: Other producers of official statistics
Area: ONAs
Survey / data collection: Interests rates

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 interest rate statistics of banks and microcredit financial institutions
3.2. Classification system:Classification by purpose, maturity and sectors.
3.3. Sector coverage:Reporting obligation is on banks and microcredit-financial institutions.
3.4. Statistical concepts and
The survey is aligned with the international standards
3.5. Statistical unit:Banks and micro-financial institutions
3.6. Statistical population:Banks and micro-financial institutions
3.7. Reference area:Montenegro
3.8. Time coverage:Monthly data from 2005 for banks and monthly data from 2007 for microcredit financial institutions
3.9. Base period:Attn.

                                                                                      4. Unit of measure                                                                        Top

                                                                                     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. The CBCG collects and statistically processes data pursuant to the Central Bank of Montenegro Law (OGM 40/10, 46/10, 6/13, 70/17), Banking Law (17/08, 44/10, 40/11, 73/17),Decision on the uniform manner of calculation and reporting of effective interest rate on loans and deposits (OGM 51/13, 52/14)and Decision on Credit Registry (OGM 39/18).
6.2. Data sharing:IMF; Monstat for National Summary Data Page for eGDDS.

                                                                                        7. Confidentiality                                                                          Top
7.1. Confidentiality - policy: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(
10.3. Online database:Attn.
10.4. Micro-data access:Attn.
10.5. Other:

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 of weighted average lending interest rates of banks by purpose and of weighted average lending interest rates of banks by sectors are comparable as of September, 2011. Time series of weighted average effective deposit interest rates is fully comparable.

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

                                                                                        17. Data revision                                                                          Top
17.1. Data revision - policy:Attn.
17.2. Data revision - practice:Attn.

                                                                                 18. Statistical processing                                                                 Top
18.1. Source data:Daily and monthly reports of banks and other microcredit financial institutions.
18.2. Frequency of data
18.3. Data collection:Direct reporting by Montenegrin banks
18.6. Adjustment:Attn.


                                                                                           19. Comment                                                                             Top