Marcio Alaor, the Vice President of Banco BMG, is a highly respected executive in the Brazilian banking community. His story of how he reached that positon is an inspiration for people struggling with a life of poverty. Marcio grew up in the community of Santo Antonio de Monte in humble surroundings. As a youth, he shined shoes to earn money to help his family. Through education and utilizing the solid work ethic he learned in the streets, Marcio entered the banking business and blossomed into a top-rate executive. Because of his success, Marcio was inspired to give back to his community over the years through work and generous donations.
In appreciation, his hometown recently paid tribute to his loyalty and efforts by inviting Marcio back for the dedication of the Food Court Alaor Marcio Araujo at the 33rd Agricultural Exhibition of Santo Antonio do Monte. Marcio was quite humbled by having his name honored by the people for his continuing love and support of them and told them he was happy to be honored while he was still around to enjoy the tribute.
In his role as Vice President at Banco BMG, Mario has seen the firm grow into one of Brazil’s largest and best known banking institutions. Primarily centered on wholesale and consumer financing along with the financing of light and heavy vehicles, in 1998 BMG changed course and expanded into financing company payroll loans.
In 2014, BMG joined with Itaú Unibanco S.A. in creating a bank called Banco Itaú BMG Consignado S.A. in order to commercialize payroll loans throughout Brazil. Because of this merger, BMG was able to develop other products like Payroll Credit Card and financing the purchase of used vehicles and home equity loans.
Under the leadership of leaders like Marcio Alaor, Banco BMG has an outstanding reputation in the Brazilian financial industry. The company credits its employees for much of that success. Workers are divided into teams of employees who have varied interests and strengths. BMG feels this diversity and integration of people with different ideas and areas of expertise allows them to overcome challenges in unique and very productive ways.
BMG continually strives to maintain a conservative approach to banking, one that instills confidence in his clients and other financial institutions. An independent Internal Audit Department and an Investor Relations Department work together to publish a quarterly report on financial results and the overall strength of the company.