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10/02/2017

Pursuant to the Central Bank of Montenegro Law, the Central bank shall collect and statistically process data and information. As a responsible and transparent institution and in line with its legal authorisations, the Central Bank shall publish, on a regular monthly basis, the data collected pursuant to decisions on reports to be submitted to the Central Bank of Montenegro.

Monetary statistics, published on a monthly basis on the CBCG web page, is compiled in line with the IMF and ECB methodology for compiling monetary and financial statistics. 

Adhering to the principle of confidentiality, the data are published on an aggregate level, with detailed presentation of all the balance sheet positions of banks and MFIs, by sector and maturity. The structure of the balance sheet position by sectors also contains the presentation of the Non-government and other non-profit organizations on an aggregate level.

We note that, pursuant to Article 84 of the Banking Law, information on individual deposit accounts shall represent a banking secret and therefore shall not be disclosed by the CBCG. Data which represent the banking secret can be made available only upon receiving explicit consent from the data owner or upon a request from the competent government authority.