Browse Category: BMG

Accomplishments Made by Ricardo Guimaraes at BMG

Ricardo Guimaraes has improved the image and reputation of BMG for the period that he has been working for the bank. He has received numerous award and honors. Recently, he received the City Council diploma of merit. Ricardo was honored at the request of Councilman, Daniel Nepomucuno. The event was initiated by house speaker, Bourgeouis de Castor, before handing over the task to Nepomucuno. Daniel took the opportunity to thank Ricardo for the contributions that he and the BMG have made in the city.
The event attracted various politicians and members of the public. Ricardo is the grandson of Antonio Mourao Guimaraes and the son of Flavio Guimaraes Pentagna. He has been working at BMG since 1980 when he was recruited as an office assistant. Ricardo graduated from UNA in 1988 with an undergraduate degree in business administration. Currently, he is the president and heir of Banco de Minas Gerais, a position he has held since 1998. Guimaraes attributes his career success to the hard work ethic that was passed to him by his grandfather and father. This information was originally reported on Dino as posited in the link below
Ricardo has impeccable administrative skills that have seen made BMG to be the leader in payroll loan and credit services. The bank has shown growth by focusing much on clients having a low default rate. The firm has ventured into sports sponsorship as a marketing tactic. It is well known that Ricardo’s love for football led his sponsoring of Atletico Mineiro club. Being a football fanatic, Ricardo knows that sports have lucrative financial returns. This information was reported on Noticias
Atletico Mineiro is not the only club that has been sponsored by BMG. Ricardo took the opportunity to sponsor teams that show future prospects. Majority of the teams that he has sponsored are competitors in the Brazilian Championship series. The teams that have been sponsored by BMG include Sao Paulo, Vasco, Atletico MG, Coritiba, America MG, Cruseiro and Flamengo. BMG acts as a financier during hiring of players. It also provides equipment and uniform with the banks logo printed in bold colors. Besides investing in national football, Ricardo is also involved in a number of sports like athletics. This information was originally mentioned on
Ricardo is also an analyst. Recently, he commented on China’s GDP for 2016. China recorded an economic growth of 6.4%. Ricardo applauded the efforts made by the country but added that the growth rate should not be the only objective. He urged the country to make sure that employment, inflation and income levels remain balanced. Guimaraes has also been quoted talking about the benefits that the annual growth rate will do for the country. He disagrees with some economists that have expressed their fear for inflated Chinese government estimates.

BMG Continues To Grow Under Ricardo Guimaraes

Flavio Pentagma Guimaraes, a large and successful investor and entrepreneur in mining and agriculture, is the father of Ricardo Guimaraes. Ricardo Guimaraes was born in one of the richest and most powerful families in Minas Gerais. Ricardo Guimaraes is however recognized for his role as the president of BMG bank.
Ever since taking over the management of the bank in 1998, Ricardo Guimaraes has shown his great talent of innovation and hard work. He turned BMG bank into the National Loans leader shortly after taking over. The connections and interests of the Guimaraes family in the financial sector date back to the early part of the last century. In 1930, the grandfather to Ricardo Guimaraes, Antonio Mourao Guimaraes, founded the Land Credit Bank.
Ricardo Guimaraes’ management has seen the bank come up with a strategy to become a leader in Brazil’s consigned credit monitoring market. The bank’s operations are handled by a lean and efficient team as well as consultants who are spread across the country. BMG’s main focus is offering low-interest credit to an audience whose default level is low. This has worked for the good of the bank, making it the leader in the industry.
Apart from running BMG successfully, Ricardo Guimaraes offers sponsorship to various football teams as well as athletes in Brazil. At the moment, BMG is the biggest sponsor of football in Brazil. BMG bank receives good returns from the investments made in the sponsorships. The sponsorships are also functional for BMG in the area of advertising. The bank achieves enormous visibility by stamping its three orange letters in the various clubs it sponsors all across the country.
Ricardo Guimaraes’ love for football does not end at the sponsorships and his support for Clube Atlético Mineiro. His love has seen him chair the Alvinegro Mines, a position he took to succeed Nelio Brant. Ricardo managed the club for half a decade before being succeeded by Ziza Valadares. His commitment to the club was exceptional. He assisted the team during difficult times by contributing money from his own pocket. His commitment has earned him a lot of respect a decade after leaving the club, from both the board and the fans.
When it comes to the future of BMG, Ricardo Guimaraes continues to bank on firm and strong payroll loans as the main product offered by the bank.

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Source:  Agencia Estado

Football Sponsorships At Banco BMG.

Banco BMG is a leading consigned credit lender in Brazil. The bank has embarked on a unique journey to prosperity since the turn of the new century. Under the leadership of outgoing CEO Ricardo Guimaraes, the bank has reinvented its mode of business.

In the social scene, Guimaraes is a lover of sport especially football the favorite past time in Brazil. He combined his passion for football into an avenue to promote the brand of the company. Sports marketing has made BMG the prime sponsor in Brazilian football circles. Guimaraes himself serves as the president of Atletico Mineiro, one of the best clubs in the Serie A division.

BMG has a special fund set up in 2009 for the welfare of athletes and sportsmen. As a lender, it also advances loans to football teams to meet their running costs. In return, the clubs can pay off the loan or give BMG some economic rights to their stadium’s and players. BMG makes its profits from the sale of players in the future. The possibility of working with clubs in the Serie A is a worthwhile venture for BMG. The deals they put in place result in win-win situations for all parties involved. However, BMG keeps the contracts signed with players private.

Sponsorships do not come cheap. The sponsor invests lots of resources to meet the running costs of the clubs involved. The clubs, in turn, get the funds to pay their players and technical bench a well as facilitate logistics for playing every game. Though the deals take up a large chunk of resources, Ricardo asserts that the bank reaps its rewards in brand recognition and financial returns.

The financial returns result from the sale of players in which the bank has commercial rights. Guimaraes says it’s important for the bank to contribute to the development of the game and, therefore, partner with as many clubs as possible. The bank remains impartial and does not support a specific team to win the league crown. The league is widely followed, and, therefore, BMG’s brand reaches a wide audience.

Under the terms of every sponsorship deal, every sponsored club prints the logo, colors and names of BMG on the official sports kits. For instance, the official BMG Orange color theme appears prominently on several club’s kits in the league. Some of these clubs include Cruzeiro, Vasco, Fluminese and Sao Paolo.

BMG remains keen to reach new heights and is currently in the search for a business partner to share the burden with as it diversifies its products.



The BMG bank is one of the pioneer credit institutions in the Brazilian financial markets. The bank prides itself in the vast networks of customers and partners it has over a period of eight decades. BMG also has massive presence in international capital markets where they raise investment capital.
The last decade has seen an organizational culture change at BMG. Extensive market research and formulation of sustainable strategy have been put in place. The bank has taken steps to improve customer relations, and its branding power has grown. In return, the bank’s customer base has increased. The management cites the influence of the bank on the expanding credit access ratios in Brazil.
The acute administration of the bank over the past ten years stems from a desire to keep the bank at the core of Brazil’s financial markets. Indeed, Brazil’s economy is growing more steadily than ever. Inflation is uncommon in the country while the population continues experiencing better standards of life. Investors have been eyeing Brazil’s productive sectors. For BMG, the future must provide big business.

The marketing strategies at BMG have given the firm massive sales and publicity. The banks retail outlets numbering over 3,000 countrywide helps the bank extend its services. The bank contracts over 50,000 agents to improve its retail networks . The bank also applies new technologies and innovations in the banking sector keeping it updated on current trends. As a result, BMG stays ahead of the competition.
This publicity is also promoted by various social and sporting engagements that BMG sponsors. These sponsorships are just a small part of the bank’s corporate social responsibility practice. The bank shares a common value for cultural heritage with the Brazilian society.
They, therefore, promote cultural festivals. Sporting engagements such as soccer and volleyball are favorite past times for the Brazilian population. BMG sponsors such sports through various league teams in several tiers of the game. By so doing, the bank positions itself on a suitable platform for interaction with youths.
The visionary man behind the BMG revolution is Ricardo Guimaraes. He serves as the bank’s president and CEO. He started out at junior positions at BMG in the 1980’s and rose up the ranks. Mr.Guimaraes’ management skills have endeared him to the public, clients and partners. His galvanizing presence has given the bank’s operations some great traction. Today, BMG controls a significant share of the Brazilian financial markets.

BMG: The Brazilian Financial Guru

BMG is one of the Brazilian privately owned financial institution that has a rich history dating back to 1930s. The Pentagna Guimaraes family controlled the financial firm since its inception as Banco de Credito Predial S.A being a commercial bank offering its services to both individuals and institution. The company later rebranded to Branco de Minas Gerais S.A.

Before the mid-1990s, BMG primarily focused on wholesale and consumer financing. BMG’s effort in the areas of specialization were fruitful as they became the market leader in the funding of cumbersome and light vehicles in the 1980s. After 1998, there was a shift of the concentration as they decided to venture in the provision of payroll loans in Brazil, eventually making themselves the point of reference of the operation.

In 2012, BMG and Itau Unibanco S.A. signed an association agreement whose objective was to offer distribution and commercialization of payroll loans in Brazil, giving rise to the Banco Itau BMG Consignado. Later in the year, the two companies entered a pact to unify the business, hence focus the payroll loans operations as a common goal. The agreement led to BMG owning 40% of the total and voting capital stock while the Itau Unibanco holds the rest. The unification was highly advantageous to BMG as it gave them an opportunity to venture on other products such as Payroll Credit Card, BMG Empresas, and financing of used vehicles.

Over the years, BMG employed working strategies so as to satisfy their customers’ needs as well as reaching their portfolio. The strategies of BMG are well-specified under some pillars that act as the baseline. The first pillar is profitability in such a way they concentrate on loan portfolio in that they attract massive profit levels. Additionally, BMG conducts its business in that they ensure high asset quality as well as strive to spread their funding sources. Furthermore, BMG aims to provide high operational efficiency and building high-performance labor force.

The competitive advantages that BMG holds over other firms are their tradition and high brand recognition that they have built over the 80 years they have been in the business. Additionally, the firm’s strict and conservative risk policy as well as the entrepreneurial and innovative culture gives them an upper hand over the others. Lastly, the concrete corporate governance practices and the high flexibility to adapt market conditions gives them a nod over the other companies.

Currently, Ricardo Annes Guimarães serves as the President and CEO of the BMG as from June 2004. He served the BMG fraternity in different levels starting from 1980. Ricardo graduated with a degree in business administration from Una-Faculdade de Ciencias Gerenciais in 1988.