BMG: A Leader In Brazilian Banking

Banco BMG is a bank that has a long history in Brazil since 1930. This bank is ran by the Guimaraes family and Ricardo Guimarães is the current president. Under Guimarães’s leadership BMG went from offering mostly wholesale and consumer financing to now focusing heavily on payroll loans. In a payroll loan, employers obtain financing from banks such as Banco BMG and the employers repay the loans by deducting money from employees’ checks. In the early years Banco BMG started out as a bank for retailers and by the 1970s, the bank financed vehicles. By the 1990s, Banco BMG starts to offer nearly exclusively payroll loans while focusing less on consumer financing and vehicles.

Banco BMG’s Partnership With Unibanco

Recently Banco BMG formed a partnership with Itau Unibanco at a value of $1 billion dollars to boost BMG’s ability to offer more payroll loans to customers. The majority of the partnership will be mostly operated by Itau Unibanco and Unibanco will hire most of the managers to head the venture. One benefit of the partnership ia that Unibanco will provide funds to Banco BMG for the purpose of giving out payroll loans.

BMG’s Sports Partnerships

Banco BMG also sponsors a few sports teams and the majority of those teams are in the sport of soccer. Soccer is a huge deal in Brazil and it is only natural that banks such as BMG would be interested in increasing revenue by sponsoring these teams. Sponsorship of teams is a strategic way for banks to make money and it diversifies the kinds of services that a bank would offer.

Some Notes on Ricardo Guimaraes

Ricardo Guimaraes is the president of Banco BMG and he is influential in the direction of the company. He is related to the powerful Guuimaraes family who started Banco BMG in 1930. He was instrumental in getting the bank involved in sports team sponsorship.

BMG Card

Those who bank with Banco BMG have the option of using the BMG card. This card offers decent interest rates and you can use it to shop or pay bills online. Since the BMG card is affiliated with Mastercard, this card will be accepted at any outlet that accepts Mastercard. This card also comes with card protection against identity theft.

In conclusion, Banco BMG is an innovative bank that is one of the most successful in Brazil. Banco BMG made a smart move by cashing in on the payroll loan trend in Latin America and focusing mainly on this kind of lending. Thanks to the leadership of Ricardo Guimaraes, Banco BMG is involved in other ventures including sports team sponsorships. Banco BMG is a bank that understands finance trends and seeks to capitalize on them for revenue.

Investing in Brazil For Long Term Gains

People must be able to think carefully about where they want to be at all stages in life. Someone who is in their twenties will want to have a highly different life plan than someone who is much older. Part of life planning includes planning for various aspects of savings, investment and retirement. People must be able to save money carefully in most cases in order to avoid problems in life. An emergency fund when young can help people in the event of a temporary job loss. As people age, their thoughts begin to turn to retirement and a focus on the kind of needs they have in order to be able to retire at an age that is ideal for their specific needs and wants.

In such cases, people must also be able ot consider the various kinds of investments they can use in order to earn the highest possible rate of return on their funds. A well balanced portfolio is one that that is protected against losses and one that is focused on making sure that the capital the person owns grows at the right pace for their needs. In doing so, many people find that they can easily enjoy a pleasant retirement and the opportunity to pay all of the bills on time.

One of the best ways to help diversify a portfolio and earn a higher rate of return is via investing in markets overseas. Investing in a market such as Brazil can help the person do well by allowing them to participate in a growing economy. Doing so often means focusing closely on investors who have specialized in this area of the world such as Igor Cornelsen. Mr. Cornelsen is a skilled and highly successful investor from this area of this country who has helped provide people in Brazil and those abroad with the opportunity to participate in one of Latin America’s most vital economies.

In this way, people can realize important gains and help see the kind of growth that will allow them have a nest egg that is truly ideal for their needs. Many people are pleased to discover just how easy it can be to invest in Brazil and work with banks in this area of the world. THe net result can beneficial to both the investor and those living in Brazil who are able to enjoy increased access to liquid capital.