BMG bank is a financial institution with a long history in Brazil. The deeper one looks into what BMG does and how it affects the people in Brazil, the more it becomes obvious that there is a solid connection to the people.
The president of BMG bank is Ricardo Guimarães. The family that Guimarães hails from has roots in the Brazilian financial industry going back over 85 years when it established Banco de Crédito Predial S.A. in Brazil. For quite some time, BMG’s core business was consumer and wholesale financing. Later, as BMG further matured, it began to focus on payroll loans, which is a form of consignment loan. BMG’s development of commercial payroll loans in Brazil has become a benchmark for other banks also offering payroll loans.
BMG has been a sponsor of things very near and dear to the heart of the people of Brazil, namely, Brazilian football. “We decided to invest in football because we could see the visibility it offers is enormous,” said Marcio Alaor, vice president of BMG in an interview in Supersport.com in June of 2012. The bank has sponsored five clubs in the favorite sport of the Brazilian people.
The BMG modus operandi seems to recognize its own human capital. There seems to be such an emphasis on the talents of the individuals which make up BMG’s high power teams. These synergistic teams are the tip of the spear, so to speak, in meeting and overcoming challenges. You can indeed tell a lot about a company by the character and reputation of the individuals working for that company. In the Brazilian state of Minas Gerais, there is a food court located there in the city of Santo Antônio do Monte that is named after BMG bank vice president Marcio Alaor. Santo Antônio do Monte was the home town of Marcio Alanor in his younger years, and Marcio seems to have not forgotten his roots even after ascending to become the vice president of a large bank in Brazil. The people of the city have given him this honor to thank him for his investment in and love for Santo Antônio do Monte.
Regardless of what business one is in and regardless of what values each of us holds, the most important part of the equation is the human part. BMG bank appears to value this part of the equation. With deep family roots and connection to Brazil that goes beyond the exchange of money, BMG’s connection to the people of Brazil is commendable.
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