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Colombia's Bancamía CEO to retire in April

The executive president and CEO of Colombia's Banco de las Microfinanzas - Bancamía SA, María Mercedes Gómez, plans to step down in April after leading the bank for eight years.

Gomez announced her plans to leave Bancamía in 2016 and confirmed her resignation at a board meeting Jan. 25, a Bancamía spokeswoman said, confirming local media reports.

Gomez led Bancamía since its creation in 2008 as a microfinance and social banking entity, Bancamía said in a statement. The bank has serviced more than 1.3 million clients, the great majority of those living in poverty, according to the company.

Bancamía is a part of Fundación Microfinanzas BBVA, the nonprofit microlending arm of Spain's Banco Bilbao Vizcaya Argentaria SA.