BMG is an institution which has maintained its position as one of Brazil’s top financial institutions. Run by the prestigious Pentagna Guimarães family, the company has been providing financial advice to large industries and individual clients since 1930. The company was initially referred to as Banco de Crédito Predial SA but was later renamed Banco de Minas Gerais. The company works under the premise of being a commercial bank which offers financial solutions which are affordable and well within the legal terms of Brazil’s law.
Initially, BMG started out as a bank which provided financial solutions for people looking invest or gain loans for the purpose of attaining vehicles or heavy machinery. However, since its merger with Itaú Unibanco, the company has started providing services in credit operations under a joint venture. Currently, BMG holds 40% of the stake at the enterprise, while Itaú Unibanco holds 60%. Through this partnership, the company aims to be able to provide its customers with a wider range of products and services to better provide them with all the resources their clients would need. The merged company started out with a capital of $1 billion and will operate out of Brazil’s capital city, Sao Paulo.
A significant portion of the company’s success can be credited to Banco de Minas Gerais’s current president Ricardo Guimarães. Ricardo has been essential to the growth and development of the country and has significantly contributed to the country’s success since he attained the position as president of the company. Ricardo is extremely knowledgeable in the field of finance and as vast knowledge and experience which has led the company in a favorable direction making it what it is today. Ricardo is the grandson of the founder of the business and has worked hard to continue the company’s legacy and ability to give its customers the best service and advice in the field of finance and investments.
Under Ricardo’s leadership, the company has risen as one of the leading loan providers in Brazil. People all over the country trust the company to give them the best loan rates and help them fulfill their financial woes. Ricardo looks over the operations of the enterprise while keeping in mind the long legacy and value system his family has put in place.
Along with his vice president, Marcio Alaor, Ricardo has managed to propel the company in a direction favorable for its growth. Together, the two of them have made the company the number one choice for small business investors to approach when trying to plan out their financial endeavors or when they are seeking loans for their businesses.