Category Archives: Banks

Ricardo Guimarães

Ricardo Guimarães is the head of the family business known as BMG Bank, and his family has stood at the helm of the bank for some time. Their family empire helps people around Brazil with many types of credit. The bank is planning to make a change in which it will partner with Bank Itau. This partnership is a necessity in the banking world today, and it is a process that BMG Bank hopes to complete soon. This article explains why BMG Bank and Bank Itau are coming together to give the people of Brazil better services.

#1: What Is Ricardo’s Role In The Process

Ricardo Guimarães is the president of BMG Bank, and he believes that his company must cede some control to Bank Itau. The partnership will see the two boards come together, and the executives of both companies will take on different roles. Ricardo has had the bank in his family for so long that this may seen like a shocking development, but smaller banks must merge to prevent the onslaught of the largest banks in the world.

#2: How Does The Partnership Work?

The partnership between BMG and Itau is one that will see both companies taking up quite a lot of room in the market. The two plan to offer better payroll loans to people around the country, and these loans will replace other loan products that were created in the past. Payroll loans will help businesses and individuals around the country find the cash infusions they need, and both banks will market the same program.

#3: How Much Money Does Brazil Need?

Brazil is in need of cash that will help fund new businesses, payrolls for established businesses and money for individuals who need extra cash. These services will help the citizens of Brazil find the money they need quickly, and the two banks together will cover more area. The partnership helps strengthen Brazilians and the banks at the same time.

#4: Fighting Against Larger Banks

Citibank and other large banks have been established in Brazil over the past few decades, and these banks come with resources that are extensive. BMG Bank and Bank Itau are not as large as these competitors, but they will have a greater impact together. A bank like Citigroup will have a much harder time competing with two Brazilian banks that have teamed together.

The partnership that Ricardo Guimarães approved will bring together Bank Itau and BMG Bank in one group. The two companies will share executives and resources as they try to beat back larger banks who are taking over the country one customer at a time. Ricardo’s wisdom has likely saved his family enterprise from the clutches of a larger foreign bank.

Ricardo Guimaraes And BMG Find Success In Many Different Areas

Remaining at the top of any industry is something thzat is hard to do, particularly the competitive financial industry that has been something of a rollercoaster in Brazil. The largest economy in South America has often been a difficult one to navigate, but the changing face of the BMG organization has seen this bank remain at the top of the financial industry since 1930, according to Wikipedia. Since the 1980s Ricardo Guimaraes has been looking to determine the best ways of keeping BMG at the top end of the financial industry through changing the focus of the company.

Ricardo Guimaraes spent the early years of his career learning as much as possible about the financial world and BMG in particular. Although Guimaraes is the grandson of the founder of BMG he decided to embark on a career taking in almost every aspect of the BMG business, which saw him work as an office clerk and in the majority of areas of the business. This grounding in the entire business saw the career of Ricardo Guimaraes lead BMG to success in new areas of the financial industry. The focus of BMG has shifted over time to include funding for the mining industry, vehicle loans, and in the 21st century investing in the future of sports teams and their stars.

The interest Ricardo Guimaraes has in soccer has seen him look for the best ways of improving the finances of the top clubs and athletes in Brazil, esporte reports. The move to payroll loans for major companies completed by BMG, headed by Ricardo Guimaraes has now moved to the sports industry. Guimaraes has spent a large amount of his time leading the movement towards the sponsorship and investment in many of the top sports teams in South America. Ricardo Guimaraes has also looked to make sure the top options in investing are made available to the top athletes in Brazil through the BR1 fund he established for many soccer players. The skills and financial experience of Ricardo Guimaraes have so far attracted around 50 top soccer players to the fund, which has seen the fund reach more than $50 million in assets.


Ricardo Guimares was born in royalty. He is the son of a mining titan and the grandson of the founder of Banco BMG.His granddad Antonio Moura Guimaraes founded the bank in 1930, Ricardo Guimares joined the group from the simple post of an office assistant and rose to become the CEO in 1980.
The story of Ricardo Guimares is as rare as they come. He joined BMG in 1980 and did his undergraduate while still at the bank. He completed his degree in 1988 from the UMA.It was in Business Administration. He was then promoted to became the CFO in 1988 and vice president in 1996.Ricardo became the CEO IN 2004.He is assisted by Marcio Alaor at that post.
Ricardo Guimares come from an affluent family no doubt. He has risen through sheer hard work and shrewdness nonetheless and is an iconic example of hard work. It is this reason he has received prestigious accolades like the Grand collar of the legislative merit in 2204 and honorary degrees from Town Hall in 2011.Ricardo is also a hedge fund manager who has started Ricardo 11 fund. It seeks to commercialize images of players and build the brand. It now has a funding of $ 20 million. He has tons of football experience. He was the chairman at Clube Atletico Mineiro for five years, and it is his favourite club.
Ricardo Guimares has appeared in numerous blogs to share his business expertise. He says Brazilians have good business ideas but lack the willpower to implement them. They are very creative but lack actual guts to do the hard work. It mostly comes down to hard work and dedication. The country was ranked slightly behind the USA with a score of 138.8.
Banco BMG is now 85 years old having been founded in 1930 by Antonio Guimares; It has grown to become one of the largest in the country and provides efficient services for the people. It is well known for its cheap loans and extensive distribution network. It has 3000 branches spread across the entire country. It also has 50000 employees.
Under Guimares, the bank has become a giant in Sports sponsorship. It has the highest returns for every dollar invested in the industry. Banco BMG regular floats bonds in the international market to help raise capital.

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Source:  Agencia Estado

Marcio Alaor and BMG hear of a new scandal

According to an article published at, ANYWAY, the SLICING and DICING of the Carwash-everything is going as planned in the last edition of this column. The Supreme Court (STF) organized via the Minister Dias Toffoli, the slicing and dicing of the processes under the command of Judge Sergio Live. In fact, some politicians are leaving the judge’s focus, according to the interest of the Government and all this was done to shield the Senator Nelson Hoffman, involved in the scandal of misappropriation of funds of the Ministry of planning. Tandel, former lawyer of the PT and, today, the Supreme Court said that the Brazilian Justice seems to be in the hands of one judge and that is unthinkable. Now the process is going to get out of the hands of the da’s Zavascki Minister and goes to his own Tan. Of the 11 Ministers of the Court, only three have not been appointed by Lula and Dilma.

REPENTANCE – after the Mensalão scandal came to light, the main operator of the system, Marcos Valerio, refused to denounce those responsible for such lawlessness and has preserved not only the President, but also the former Minister José Dirceu, with the promise that his face and would rid them of the advertisers. The result was a penalty of more than 40 years to Marcos Valerio and low penalties for the other defendants. All politicians, many of whom are home boasting of freedom while the advertiser and his companions had very high penalties. Valerius has confessed to friends that you regret having chosen the lawyer who spent all their financial reserves.

TAXES – to be the Government’s Bench has its advantages and disadvantages. Many members were forced to vote for the Governor, who ordered to House Pimentel a project proposing to increase taxes for miners. If voting against, lawmakers fail to meet their party-political basis. History repeats itself forever. Members who were the opposition and who voted against everything, now, as the basis of Government, vote according to the Palace.

The COACH HOUSE home of businessman John Days, the King of feijoada, will be in party this coming weekend. Is that your wife and our dear friend Vera Lizardo Days, birthday. Viva Dona Vera. The first lady of the King of feijoada. A meteorologist forecast this columnist: “if it doesn’t rain expected for the end of the year 2016 and early, we don’t know what will happen in Mines”. The professional of the time, said he’s never seen a situation like that Mines has been facing in recent times, mainly in the metropolitan area. And it’s true. The Rio das Velhas, main supplier of water to the metropolitan area, is in the “bone” as the Riverside population. I could see that myself to see the River in Raposos. Centenary of Orlando Silva-the Mayor of Sabará, Diogenes Fantini, determined that if to commemorate the centenary of one of the greatest singers of Brazil, the unforgettable Orlando Silva. The show will be in this next day 09 from 9:00 pm. The goalkeeper Fabio, the cruise, received a visit from some children of the Legion of good will (LGW) in Toca da Raposa. The little ones were to CT to honor the star by passing your birthday. “Thanks! Thank you for caring! “-said Fabius after hearing a message of congratulation.

Marcio Alaor hard work and dedication has allowed him to be given the title of Vice President at BMG. His presence has been greatly felt as the company has been able to expand and seek out new investment opportunities. With Marcio Alaor as Vice President, BMG has been able to enter the sports industry.

You can learn more about him by visitng the


Brazil consignment credit sector is the most advancing sectors in the credit industry. The country has over 60 banks competing in the untapped consigned credit segment. The leading bank is the Banco BMG bank that accounts for over 60% of the market. Over 50% of the credit consignment section is untapped. The BMG bank leads in accounting for over 80% of the market share. Being the pioneer in the industry BMG has over 3000 points of sales in the country. Besides it has over 50000 agents’ distributed in every major municipality in the South American country. BMG has very professional and highly qualified team. The team is responsible for the bank’s growth in the sector.
The bank was founded in 2004 by its President Mr. Ricardo Giurmaraes. Since its formation, BMG has taken numerous steps in serving to ensure excellent service for its customers. Under Mr. Giurmaraes BMG has grown to become one of the leading banks in Brazil. The bank has acquired several assets that are significant in fulfilling its mandate. When the bank was founded in 2004, the economy of Brazil was very favorable. The country economy was growing impressively, and the inflation was in control. At that time, the market was worth 6 billion dollars and BMG accounted only 40% of the market.

The journey of success for BMG has been a long one. It was the first bank that pioneered the idea of consignment credit. It’s the most advancing in the credit sector and the bank it very committed to tapping the potential that remains unutilized in this market. Mr. Giurmaraes is an exceptionally skilled entrepreneur. His entrepreneur skills have propelled the bank to top leading banks in the country. The business graduate has served other important senior positions. He is a board member of the board of councilors for the Banco BMG in South America.
Despite the bank maintaining a lead credit sector of in the banking industry, it has diversified its services in other sectors too. The 50000 agents and 3000 points of sales have enabled the bank to reach several people with banking services. The bank has invested in reaching the customers and offering them excellent services. The bank has supported several other sectors of the industry including soccer and youth organizations. The bank is an active talent promoter. BMG believes that developing skills are an important aspect of economy growth. Socially the bank supports social services for the better welfare of the society. The projects are for helping community’s life improve.