Central bank to relocate temporarily

The head of office of the National Bank of Cambodia (NBC) on Norodom Blvd would be temporarily moved to a building in Phnom Penh Thmey commune in Sen Sok district, as the government plans to renovate the central bank’s current premises to accommodate more staff. NBC governor Chea Chanto said yesterday that the central bank was expanding due to fast development of the Kingdom’s financial and banking sectors and for that reason it needed a better working environment for its increased number of staff. The present head office will be renovated to include a 15-storey modern building at the same location, he added. According to the latest NBC report, in 1H17 the bank has 1,569 staffs, of which 1,109 are the central bank’s headquarters. The other 460 work at the NBC’s provincial branches. (Source: Khmer Times)