BMG bank is a financial institution controlled and owned by the Pentagna Guimarães family with Marcio Alaor as its vice president. They have been involved in the financial industry of Brazil ever since the year 1930, which is when they established Banco de Crédito Predial S.A. Up to the mid 1990s, BMG bank mostly dealt with business concerned with consumer and wholesale financing, and was a leader in the financing of light and heavy vehicles in that period. The bank has, however, turned its focus, since the year 1998, on supplying payroll loans, thus becoming the leading bank for this kind of operation.
BMG bank signed an agreement of unification with Itaú Unibanco S.A. in July 2012, with the aim to offer, commercialise and distribute the payroll loans. This unification has brought about many advantages to BMG bank. For example, it enabled it to bring its focus on different strategic products like BMG Empresas and Payroll Credit Card.
Being aware of its profile being on a conservative side, BMG bank is constantly seeking to increase its profitability through the quality of portfolio of its customers and the responsible credit. In addition to that, the bank is developing new businesses strategies that best meet the needs of the customers.
The bank, as the vice president Marcio Alaor claims, focuses greatly on the development of the loan portfolio and in that way ensures greater profitability levels and the better productivity of its business.
BMG bank has a quite effective corporate structure and its management is highly cautious of the cost control. Having this in mind, the bank takes advantage of software systems and scalable network and in this way enables optimization of the interaction process. All this attributes enhance operational gains and the business development.
The bank has the aim to construct the teams of high performance, whose talents individually are only to make sense in case the are able to form a winning team. They should be able to enjoy working for the BMG bank, provide the service for the customer and overcome the issues in the most effective and competent way possible.
BMG is a leading bank in the Brazilian market, as it has over 80 years of a great financial performance, working both with individual customers and many financial institutions, together with the companies in both the private and public sectors . It offers loans through payroll credit card, finances both large and medium companies, and also used vehicles and offers home equity loans. BMG bank is noted for its conservative and strict credit policy, which is constantly under revision to ensure it is in line with the market conditions. The history of work of the BMG bank shows flexibility and highly adaptive capacities to adjust to market conditions that are constantly changing.