Category Archives: BMG

Ricardo Guimarães Helps Manage Atletico-MG

Ricardo Guimarães is the former chief executive of BMG Bank, and he is an avid fan of football. Football in Brazil is almost a religion, and it is the favored game of the majority of the population. Ricardo started an advertising campaign with Atletico-MG to help make a better name for BMG Bank, and he is still managing the team in his semi-retirement. This article explains how Ricardo is helping the team prepare for its biggest tournament in quite some time.

#1: Terra Reports On Atletic-MG Finances

Esportes Terra recently reported on the finances of Atletico-MG, and the team is planning on taking on more debt to pay for better players. Winning the Brazilian premier league is a priority for the team, and Ricardo will help the team spend as much money as possible to get the right players.

#2: Ricardo Holds Installment Loans Made To The Club

The loans that Atletico-MG has needed for payments to players have been given by Ricardo in many cases. The loans Ricardo has decided to give the club are helping the club compete in the Brazilian premier league, and the team is working to be as competitive as possible. Ricardo is a fan who has the capital to invest in his favorite team, and he has been helpful in making the team competitive for its fans.

#3: Atletico-MG Wants To Triumph In The Copa Libertadores

The Copa Libertadores is an international competition that will be decided in South America soon, and Atletico-MG wants to have the finances necessary to field a team that will bring glory back to the club. Ricardo has been asked to fund much of the payments that were made to players, and the club has the fourth-highest debt in the league right now. There are other people holding loan debts for the club, but Ricardo has been the most avid backer of the club to date.

#4: Why Was Ricardo Investing In Atletico-MG?

Ricardo Guimarães has found a passion outside of banking, and he has something that he can do in the future after his time with BMG Bank. There are many people who love football, but Atletico-MG is a passion for Ricardo. Ricardo Guimarães has built a fortune that allows him to pay for players on his favorite team, and he is using that wealth to help further a club that its fans are deeply passionate about.

Ricardo Guimarães is a household name in much of Brazil, and he is moving on to working in the football world that he has loved since he was a boy. The loans that he has given to Atletico-MG are only part of his involvement, but his involvement has made the team much more competitive.

The Rise and Success of BMG’s Marcio Alaor

Marcio Alaor plays a significant role in the establishment of the BMG as one of the leading financial institutions in Brazil. Marcio Alaor is a top executive of the bank as he holds the office of the vice president as well as serving as a director of the firm. BMG has been in the banking industry for nearly a century providing its clients with first class financial services. Marcio Alaor is instrumental in the maintenance of the high standards that BMG established over the years. The services that BMG offers include loans, investments, deposits, credit cards as well as insurance.

The loans offered by BMG helps their customers not only to finance but also acquire highly-priced items so as to improve their living conditions. Additionally, the clients in the BMG also take advantage of the investment and insurance services offered by the bank. The investment services open doors to the individuals who seek for an opportunity to endow their money so as to grow their savings. On the other hand, the insurance service provides the clients protection for their property and home. Under the leadership of Alaor, the services are readily available to all their customers.

Together with the President of BMG Ricardo Guimaraes, Marcio Alaor oversaw the formation of a partnership with Banco Itau. The partnership aimed at capturing more market shares of the consignment credit industry. The partnership gave birth to the Itau BMG Bank that had an initial capital of $R1 billion.

Marcio Alaor has a strong academic background holding a business administration degree from Instituto Metadista Benett as well as a post-graduate degree. The educational background indeed played a tremendous contribution to his managerial skills and for his contributions to the Board of Executive for the bank.

Recently, Marcio Alaor was recognized for his numerous philanthropic donation and his efforts towards community development in his hometown of San Antonio. As a result, local leaders instated a square in the town in the honor of Marcio Alaor. The honoring was a tribute for the aid Alaor offered to the city. Additionally, they made a plate that applauded the importance of his works as well as acknowledging his achievements.

Marcio Alaor serves as a role model and inspiration for many not only in San Antonio but also globally. He rose from a humble background in San Antonio where he began as a shoeshine kid so as to make ends meet to become an executive in one of the largest banks in Brazil. Alaor success story inspires many who are struggling to make ends meet not to give up but to put more effort towards their goals.

Ricardo Guimaraes Accomplishments As The Head Of Banco BMG Bank

Ricardo Guimaraes has turned Banco BMG bank to be an influential figure in the Brazilian football clubs. Banco BMG bank uses funding and confidentiality to motivate diverse talents found in Brazil football leagues, most likely in the first division. Ricardo Guimaraes began his career as the chairperson of mining bank in 2008. In his era, Mining bank started investing highly in sports.
He also served as the chair of Atletico Mineiro. Banco BMG bank sponsored twelve teams in 2011 to motivate them to compete in the Brazil Championship. In Brazil Serie A football league, more than half of the teams bears Banco BMG bank logo. Ricardo Guimaraes has more passion for sports a scenario that made him pay players allowances with his personal money to motivate them while being the chairperson of Atletico Mineiro club. Ricardo Guimaraes led Banco BMG bank to be the leading bank in the modalities involving payroll loans.
Agencia Estado news made a liberation that composed of comprehensive information on Banco BMG bank Chief Executive Officer. Ricardo Guimaraes got nurtured by Flavio Guimaraes, who taught him how to deal with the bank distribution channels. Flavio Guimaraes was a top-notch entrepreneur who invested highly in the cannery and the Brazil agricultural sector, which gave him very huge returns. Ricardo was lucky to be raised by one of the wealthiest families in the whole of Brazil.
Executive Ricardo was nurtured in Minas Gerais town. He has been treasuring Minas and promoting the development of this city. Guimaraes possessed great innovation and leadership talents since his childhood. He indeed participated in turning BMG bank into the nationally recognized loans lender Company. His contributions towards achieving a flexible and sustainable banking system impress many organizations that honored him with awards in return.
In the reign of Ricardo Guimaraes as the head of Banco BMG bank, the bank strategized and took over in the sole operational of consigned credit. Guimaraes embraces the presence of technological advancements to make Banco BMG flexible and stable in the capital market. BMG bank contains committed and dedicated personnel who works efficiently and reports the banks daily undertakings to CEO Guimaraes.
The primary focus of Ricardo Annes Guimaraes involves the lending out of loans at cheaper rates so as to benefit clients of all economic groups. Guimaraes is also highly recognized due to his successful offering of sponsorships to the Brazil sports.

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Ricardo Guimarães is Honored By Honorary Degree

In April, 2011, the former president of Banco BMG and longtime businessman, Ricardo Guimarães, was awarded the Town Hall honorary degree. Mr. Guimarães is the grandson of Antônio Mourão Guimarães, who was the founder of the bank, and and he is the son of Flávio Guimarães Pentagna. He started in the family business in 1980 as an office assistant, then graduated from UNA with a degree in Business Administration.

The noble ceremony began with a speech by Léo Bourgeois de Castro, the House president, who described his colleague’s work. The remainder of the event was conducted by Daniel Nepomuceno. Ricardo Guimarães’ great work as president of Clube Atlético Mineiro in the five years of 2001 to 2006. Mr. Guimarães’ previous award of the Grand Collar of Legislative Merit in 2004.

Ricardo Guimarães became the head of his family’s Banco BMG in 1998. He grew the bank to become a leader in payday loans, offering a low percentage rate business to everyday people. The bank then grew exponentially. He loves soccer and is the president and primary sponsor for the Atletico Mineiro sports club. Although his primary sports commitment is to Atletico Mineiro, he does have some impartial sponsorship of several different teams and their players, even though some are rivals. He insists that his bank dos not root for any specific team.

He saw the perfect opportunity to make his brand a household name through soccer. He provides uniforms with the famous BMG three-letter logo, printed in orange on the players’ shirts. In 2010, he started the Ricardo Soccer BR1 investment fund for soccer athletes. Regulated by the Brazilian Securities Commission (CVM), this fund is the first of its kind in Brazil. Banco BMG has invested more than $20 million in the economic rights of several athletes, across 8 different clubs. Thus, BMG is a national sports patron. This has brought great visibility for the bank. Although the costs of supporting the team is high, he says that there are enough revenues to break even.

When Mr. Guimarães received the honor, Alberto Pinto Coelho, the deputy Governor, stated that the honor was most deserved for such an important family that always paid their commitment to sports development. Mr. Pinto Coelho said, “The work of Ricardo Guimarães has the seal of commitment and citizenship. It is an example for our society.” Many government and business dignitaries attended the ceremony. This information was gleaned from the following articles: Honorary Degree for Ricardo Guimarães and Well Aimed Shots.

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Ricardo Guimaraes and BMG: Sponsoring Local Tennis Legend

Recently, an article was published by concerning the sponsorship of Brazilian tennis star Marcelo Melo by Ricardo Guimaraes and Banco BMG. The following is an English translation of the original article published in Portuguese:
The BMG announced its newest sponsorship, the tennis player Marcelo Melo. The company said it signed a commercial agreement with the athlete. Melo occupies the number one title in the world ranking of the ATP (Association of Tennis Professionals) in the form of dual tennis playing. According to Ricardo Guimarães, the Minas Gerais Bank logo will be displayed on the sleeves of Melo’s gaming uniform and other sporting equipment he uses.

On the established contract, Melo said that their support will assist him in preparation to compete at the Olympic Games in Rio de Janeiro next year. This partnership with BMG will be very important for Melo. BMG bank, under the presidency of Ricardo Guimarães, will support Marcelo to further enhance his goals to achieve new titles and for better preparation for the next world sporting event. The tennis star said that the considerable help of BMG sponsorship helped him and his tennis partner, Ivan Dodig, win the doubles championship in Paris. Together, they won the 1000 Master Trophy.
“The partnership was started in early November and brings a wealth of recognition regarding this goal. It is something that befalls any investor,” quotes the president of Banco, BMG Ricardo Guimarães. Marcelo Melo arrived in Brazil with the celebration of a new conquest. This week, he packed the trophy in his luggage that he won in the doubles tournament in Paris. This was the fourth consecutive victory for the Brazilian. Apart from this tennis victory, the tennis player has won the ATP’s 500 Acapulco, the Tokyo and Vienna, as well as the Master 1000 Shanghai and Roland Garros.

BMG bank values the tradition of sponsoring the sporting talents of Minas Gerais. They also appreciate the fact that Brazil promotes sponsorships in various categories. BMG promotes the prominence and visibility of Brazilian athletes on the international scene. According to Ricardo Guimarães, it is also important to support athletes who are dedicated professionals and are disciplined and committed to their goals. These values are ​​highly esteemed by BMG. “And this is the case with Melo,” stated the executive. Ricardo Guimarães reiterates that this partnership aims to have representation of the good BMG name within various sports as well as full recognition of the miners.


Banco BMG is a bank based in Belo Horizonte Brazil. It is a subsidiary of the BMG group. Its Consignment lending operations is the main business of this bank. It provides consignment loans at a discount to ordinary Brazilians and today has 5 million customers. It has been voted 8 times as the best financial conglomerate in Brazil. Ricardo Guimares leads it. He has led the Bank through one of the biggest growths.
When he became the president in 2004, the market was ripe for take over. Brazil had a strong growing economy and growing credit sector. In 2004, BMG controlled 20% of the consignment credit sector valued at $ 6 billion. By 2010; the bank had a 60 % market share. Its credit portfolio increased from $ 2.4 billion in 2004 to more than $ 14.5 billion in December 2010.Its equity rose from $ 300 million to $ 1.1 Billion in the same time period. It’s currently the undisputed market leader in a sector they compete for with 62 other banks. The amazing thing is only 50 % of the market is tapped. There is still a lot of mileage to be covered. The remarkable growth in the area is because consignment credit is very cheap. Being the pioneer, BMG has been adequately rewarded. The demand for credit is today at an all-time high.

Today the bank controls over 80% of the has the biggest distribution channel all over the country. It has over 3000 point of sale terminals and over 50000 agents. Through its bond issues in the international market, it has good access to capital. Recently it has been going through a growth and consolidation period .It has acquired Banco GE in 2010 and Banco Schahin in 2011.It currently has 5 million customers.
The Bank is the biggest sponsor of sports team in Brazil. It’s especially active in soccer, a sport popular in Brazil. It also has also sponsored basketball, volleyball and car racing team. This genius marketing strategy has stuck a chord with Brazilians. A partnership with a local TV station has seen it help 60000 youths showcase their football skills. The Company also sponsors many community activities like healthcare and schools. It has mostly concentrated in the Slum regions of Brazilian cities.
Mr Ricardo Guimares started his career with BMG in 1980.In 1989; he was declared the financial officer of the bank. He was promoted to the vice president post in 1996 and chairperson in 2004.