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CEO Rubens Amaral will step down on April 30 and be replaced by N. Gabriel Tolchinsky. CFO Christopher Schech will be replaced by Ana Graciela de Méndez

The Inter-American Development Bank (IDB) today approved a $100 million USD assistance loan to help Colombia improve the nation’s environmental and socioeconomic sustainability. The loan is for a 13.5-year term “with a 13.5-year grace period and a LIBOR-based intere...

The ratings of the development bank, which Fitch terms as an “integral arm of the state,” remain aligned with the ratings of Colombia.

The Spanish commercial bank now will be able to make more secure interbank transfers and use ACH’s “PSE Button” for digital payments.

From November 20-22, the 2nd Annual Model Development, Validation and Risk Management in LatAm conference will be hosted in the Chilean capital Santiago.

The dividend amount matches the sum paid out in both the first and second quarters of 2017.

BDO says that Colombia stands out in the region for sustained growth in outsourcing services of some 15% in the last two years.

The distinction acknowledges that Bancolombia has achieved an STP rate of at least 99%.

Bancolombia said that it will accept the tender offer of $360,912,000 USD for the 2020 notes and $321,152,000 for the 2022 notes.

Bancolombia has become the first traditional bank to join Fintech Colombia, the leading fintech association in Colombia.