According to an article posted by Maquinadoesporte.uol.com, Guimarães put a very lean banking structure in place so he could offer consumers low-interest loans. When President Luis de Silva relaxed banking regulations in 2008, BMG bank, under the leadership of Guimarães, decided to sponsor a local Minas Gerais soccer club. The club, Atletico Minas Gerais, is a Series A club. Atletico MG is one of the top clubs in the country, so the BMG logo got a lot of exposure on game days, According to that article, Guimarães became president of that club in 2001.
BMG bank started to receive calls from soccer fans after games. Fans wanted to take advantage of the bank’s payroll loans. Payroll loans are low-interest loans that are guaranteed by personal income. According to an article published by R7.com, BMG Bank’s business started to grow because of the initial response the bank got from sponsoring one soccer club.
Mr. Guimarães decided that sponsoring one club wasn’t enough to get the national exposure he wanted, so he signed agreements with other soccer clubs. Today, the BMG three-letter orange logo is worn by players across the country. Soccer fans turned the local BMG Bank into a recognizable bank across the country. BMG bank is now the major soccer sponsor in the country.
Thanks to soccer sponsorships and advertising BMG bank is one of the most profitable banks in Brazil. Ricardo Guimarães has been honored with several awards for his financial leadership as well as for his dedication to his hometown of Belo Horizonte. The city officials of Belo Horizonte awarded Ricardo the Diploma of Merit, according to a recent article posted by Blog.Dino.com.br. The article mentions Ricardo’s dedication to the city and for carrying on the banking tradition that his grandfather, Antonio, started in the 1930s.
Ricardo Guimarães hasn’t stopped working for the people of Brazil. He is an influential entrepreneur and banker that cares about his country and the sport of soccer. He wants Brazilian schools to teach the game as a course rather than an extra activity. Ricardo talks about Denmark’s attitude toward soccer on his blog. He wants Brazil to treat soccer the same way. Guimarães says the game builds confidence, character, and mental toughness.
Marcio Alaor is an established business entrepreneur based in Brazil. He has an outstanding record of achievement in the banking sector arising from years of commitment and dedication to his work. Mr. Alaor has been widely credited for making effective analysis of both the watch marketing sector and motor industry. As a child, Alaor worked as a shoe shiner and dreamt of becoming one of the most successful entrepreneurs in Brazil. Well, that dream came true and having been nurtured in the San Antonio Center, he was motivated by achievers in the industry to become who he is now.
Even though his family was poor, they loved and supported him. One important figure who believed in Alaor in his early life was Dr. Wilmar who noticed his potential and encouraged him to look beyond Santo Antonio do Monte and conquer the world.
Mr. Alaor’s Contribution at MBG Bank
Alaor is the Vice President of BMG Bank and one of the bank’s top management executives. Being in his position, he plays a crucial part in making decisions for the bank. Through his leadership, he has placed the bank among some of the best achievers in the financial sector. Alaor helped the bank to create a national brand popular for its tradition, technology and focus in predicting market trends. Even though the credit decisions are collectively made through a structured committee that ensures the banks demands are met through efficient, responsible and intelligent ways, Mr. Alaor made sure the bank works with high quality credit portfolios. The success of bank has been triggered largely by his hard work and knowledge in market enterprise.
BMG is a privately owned company managed by the powerful Pentagna Guimaraes family. This is an active family in Brazil’s financial industry from the 1930s. BMG was established as a commercial bank with its major business being in wholesale and consumer financing. From the 90s, it focused majorly on providing payroll loans and is now a world leader in provision of these services. Mr. Alaor has been part of this successful business story.
Education, Philanthropy and Awards
Alaor has a Business Management Degree from Instituto Metadista Benett. He also holds a post graduate in Business Management. In his hometown, Alaor is highly reputed for playing major roles in developing the town. Just recently, he was awarded a square under his name as recognition for his philanthropic works in the community. In a ceremony that was attended by many renowned business people and achievers; Alaor was appreciated for his generous acts of kindness. He was appreciated for never turning a blind eye whenever his help was required. This worthy award was received during the 33rd Annual Agricultural Exhibition in San Antonio.
You can like him on Facebook.
The Food Court Marcio Alaor de Araujo was opened in honor of executive Marcio Alaor de Araujo during the 33rd Agricultural Exhibition of Santo Antonio do Monte, known as Expose Samonte, according to The Exame. Marcio Alaor de Araujo is the executive at the renowned bank BMG, a private financial institution with more than 85 years of experience in the domestic market. He was honored in order to emphasize Marcio Alaor services he has provided to his hometown, his professional growth achieved through hard work and his ever-present support of city residents. Marcio encouraged city residents maintain their roots but to also study and achieve their professional and personal goals. Dr. Wilmar Father, who was a former friend, recognized Marcio Alaor’s potential to be a great man. When Marcio was young, Dr. Wilmar would send him to shine shoes. She said that work would give him money but also give him the essential tools he need to achieve what he wanted.
Marcio Alaor went from shoe shiner to a BMG bank executive. Dr. Wilmar taught him to always seek to study, grow, learn and explore the world. He has solidified his position as one of the greatest Brazilian businessmen by being the vice president of Banco BMG, one of the largest financial institutions in Brazil. Most people in his position forget about their origins and often times done look back. However, Marcio Even appreciates his roots. He has encouraged rural growth in Santo Antonio do Monte and their countrymen.
The Expose Samonte event was emotional. In his acceptance speech Marcio said the appreciation of his countrymen symbolizes the friendship and affection that his city has for both its history and him. He said he wanted to use the opportunity to strengthen support for the city, rural economic growth and promote activities that generate social and economic progress. In an interview with Journal town of Santo Antonio do Monte, Marcio emphasizes the importance of valuing friendships by keeping in touch with all his friends and putting people ahead of finances. He has achieve great success because of those who love him, friendship of friends and passion for his homeland. According to Marcio, it is a great honor to be alive and honored as many are not valued until they are dead. Marcio finished his speech by emphasizing the city’s potential and talents and his intention to always be involved in matters of public interest of his countrymen. After all, that’s how he has been able to become an executive by taming his cravings, chasing his dreams and making his goals become reality. He has made this model the benchmark for success and humility in his city.
Marcio Alaor is such a great economist he is often called upon to report on certain company’s financial matters. Recently, he reported on the performance of Swiss watch makers, Tag Heuer. Marcio points out the great decisions that CEO Jean-Claude Biver had made in improving Tag Heuer’s performance. Not only does Marcio think that making Biver a CEO a great decision due to his title of CEO and LVMH group member, he also thinks that Biver’s choosing Tom Brady as ambassador was a wise move as Tag Heuer has been expanding its sports models. Marcio points out Biver’s concentration on digital media watches versus the more simple designs of the past.
Marcio Alar has not only made a name for himself with his fellow Brazilians but with businessmen alike. He has gone from a mere shoe shiner hoping and striving for success to realizing all of his dreams. He has not only been recognized by his own company, BMG, he is observations is also important to outside companies. Marcio Alar has definitely gained a reputation and fame for being a brilliant financial business man.
Follow Marcio Alaor on Twitter.
The recent announcement of the new bank resulting from the ITAU and BMG partnership is a big relieve for Brazilian private sector. The new ITAU BMG payroll bank is set to advance credit facilities to the private sector. The BMG vice president confirmed that the new bank will be operational in the next 90 days. Marcio Alaor also added the two banks are working to meet the requirements of the largest private credit sector bank to open its door to the public.
The initial discussions involved Bradesco and BTG banks. Mr. Marcio paved the news to the public confirming that the new deal was set after the BMG CEO called to discuss the new partnership. The two banks have a leading role in the Brazilian banking sector. The ITAU bank is the fifth largest bank in Brazil while BMG is the leading bank in the consignment credit sector.
The terms leading to the partnership include a 70-30 percentage in ownership shares. The required $R 1 billion required as capital will have to be raised by the banks in their ownership ratio. The banks are planning to outsource fund for the project owing to money scarcity in Brazil. The economy of Brazil is in financial crisis.
According to Exame.abril.com, the BMG bank has an extended network throught the country. The bank is also led by a highly experienced team in credit management. The partnership is set to benefit the bank as it takes advantage of its networks. According to Marcio, the partnership does not affect the operations and database of BMG bank.
The current banks in the Brazilian economy focus on the public sector for credit facilities. The new bank has the advantage to tap into huge potential presented by the private sector. The new bank will grant the two banks an opportunity to concentrate on other operations.
Marcio is s renowned entrepreneur and skilled leader in the Brazilian market. He is from San Antonio city. Marcio is a specialist in accounting and finance. He is a team leader who focuses his energy and experience to achieve the set company goal. The BMG vice president is an active philanthropic leader. He recently received honor by a food court being inaugurated in San Antonio in his name. Marcio is reachable through his Facebook and linked in profiles.
BMG Bank is based in Brazil and also is privately owned financial institution. The Pentagna Guimaraes family own the bank and have been in the Brazilian financial industry since the 1930s hit. Establishing Banco de Credito Predial S.A. in 1930, they were able to offer products to companies and people. This commercial bank was later renamed Banco de Minas Gerais S.A.. The main goal for BMG was wholesale and financing obligations originally, then, in the mid 1990s, they became different. They were the market leaders, and were the leading heavy and light vehicle financiers.
The main goal for BMG then changed, in 1998, when they decided to start handing out payroll loans, making them the leaders in the industry that every company looked up to. Itau Unibanco S.A. and BGM Bank signed an association agreement for the month of July in 2012. Itau was doing offer, commercialization and distribution of many of the people and companies in Brazils payroll’s. They then together formed a joint business venture that was dubbed Banco Itau BMG Consignado S.A.. And, in the year of 2014, during the month of April, they pulled together and signed an agreement to embrace each other and mold them into a focus of payroll operations. It is now well known that Itau Unibanco owns only 60% of their total and voting stock, where as BMG owns 40% of the stock.
Getting to know BMG a little better
Based in Brazil, BMG is a financial institution that is privately owned by the Pentagna Guimaraes family, who have witnessed all of the changes in the Brazilian financial industry since the 1930s came around. Vice President/Director Marcio Alaor is now know for being a part of economic security, making everyone feel a little better about the economy. Even though the BMG company bank is over 80 years old, they are making their entrance into the Industrial Age. Their history even shows how well they handle change, and how greatly they have adjusted to the ever changing market, which is why they are so good at what they do.
BMG is well known when it comes to credit marker. BMG has an intelligent line of people working on their team, including Marcio. They are all well known bankers who are trying to work as hard as they can to provide the best loans, payroll credit, home equity financing and many more things. Marcio Alaor has become a very widely known Bank Director of the BMG main bank, also, he is in charge of the payroll selection, even though BMG was organized through the Guimaraes family.
Banco BMG, renowned financial institutions was established by the Pentagna family in 1930s. The company is currently owned by Mr. Ricardo Annes Guimearaes, who also serves as its president. In June 2004, President Ricardo Guimaraes become BMG’S CEO till to date. When he became the president for BMG, Brazil was growing, and its inflation was being controlled and the living conditions in Brazil had improved.
In an interview, the CEO mentioned that when he took the mantel, the consigned credit market that BMG is focused had a total of 6 billion dollars and accounted for 20 % of personal credit in Brazil. As of 2010 total market of consigned credit was 85billion dollars and accounted for 60% of all personal credit in the banking system. The company’s total credit portfolio as of December 2004 was at 2.4 b and as of December 2010 it was 14.5 billion dollars. In December 2004, BMG’s equity stood at 325 million dollars and as of 2010 it was 1.4 billion dollars. The president attributed the passive increase to the dedication, ability and hard work from the entire team.
Looking at the promising sector in consigned credit, the president noted that it has been increasingly growing in the last few years.He noted that it was the cheapest alternative of credit in the market making it one of the big reasons for its huge demand. Despite the huge growth, there is less than 50% of this market has been exploited hence an enormous potential to grow. BMG being one of the pioneers in this segment, it is considered the main bank in the development of this product and also a leading bank in the origination of the operations. The CEO made it clear that BMG remained focused in the cosigned credit segment, and it will take advantage of the market’s huge potential.
Banco BMG is currently competing with more than 60 banks in this segment. This has given the company an 80% market share. This dominance can be attributed to its big distribution channels in the national bank system and its 3000 plus points of sale and more than 50000 agents present in every municipality working for the company. The company is enjoying excellent access to the international capital markets through its bond issues.
The BMG CEO Mr. Ricardo Guimeares in the same interview said that the company is attentive to new opportunities hence the recent signature deals and acquisitions. Having approximately 5 million clients, the company is seeking to increase the customer base. The new acquisitions will help BMG get closer to its current clients and prospects leading to a gained loyalty while offering new products and having more contact with them.
Brazil hasn’t always had the best retail environment. For years, the government of Brazil wouldn’t allow wholesalers and retailers to import merchandise from other countries. Trying to buy something that was not made in Brazil was a chore for years, but the government started to change their position on imports in the last ten years. Once the ban on imports was lifted the retail business started to come alive.
But the real change came when the government decided to switch from an export-based economy to a consumer based economy, according to the CEO and President of BMG bank, Ricardo Guimarães. In order to make that change, the government had to give banks enough incentive to loan money to what the country was calling the up-and-coming middle class. Banks like BMG developed new financial packages that helped average Brazilians buy cars, houses and merchandise. Brazil’s economy started to boom because of middle-class borrowing and the increase in exports to China.
But now, Mr. Guimarães and other bankers noticed a major decrease in retail sales. The bankers know that inflation and the recession are two of the culprits for the retail slump. Retail sales dropped by 1 percent in August, according to Guimarães, and that was after the 1.6 percent decline in July sales. Retail sales have dropped seven times in the last seven months, and BMG blames weak consumer confidence and the political fiasco for some of the decline.
The government is trying to bring the demand back, but high-interest rates, escalating unemployment and a weak currency are keeping Brazilian out of the stores. BMG bank executives are confident that the exposure they have in terms of consumer loans is small, but if the situation in Brazil continues to deteriorate, many banks are going to be hit with major losses due to loan defaults.
BMG is a leader in payroll loans and payroll management as well as vehicle financing. The bank has never experienced a position of weakness in the last 80 years, and Ricardo Guimarães said that will not happen in this tough economic situation either.
Mr. Guimarães and other BMG executives believe that at some point soon there will be new political agreements made to increase consumer spending. BMG is one of the banks that can ride out the economic downturn because the family owned bank put a strategy in place to protect their assets, plus the special committee that approves all bank loans is extremely conservative.