FDN starts search for new CEO

FDN starts search for new CEO

People Project & Infrastructure Finance Loans Economy & Policy Colombia

Colombian development bank FDN said it has started the search for a new CEO now that the outgoing head Clemente del Valle has submitted his resignation. Del Valle, who led the bank since it began in 2013, will leave on April 12, FDN said in a press release. FDN's loan book has grown to COP1.3tn ($407m) at the end of last year from COP200bn at the end of 2015. Net profits have climbed to COP73.8bn from COP7.94bn in the same time frame, according to the bank. FDN has provided 14% of COP22tn in fin

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