Among the many financial institutions in Brazil, BMG is among the best. Since its establishment in 1930, the BMG bank has been in the Pentagna Guimaraes family. The bank since its debut has been involved in several financial businesses. Until the early 90s, the bank dealt mainly with funding retail and wholesale business while in the 80s it changed to heavy and light vehicles. The bank later in the late 90s started payment assignment and was the best at it. In the current day, the bank is under the management of Ricardo Guimaraes, who is the grandson of Antonio Guimaraes.
Ricardo in leadership has seen the bank through great success. The bank joined with Banco Itau to create a business called the Banco Itau BMG South America payroll. The venture was aimed at distributing payroll loans in Brazil. In this venture, the bank under the leadership of Ricardo Guimaraes has been able to get fair returns.
The Payroll outfit is meant to solve the need for credit in Brazil. The market has become depressed thanks to a recession fueled by reckless government spending. It has made it difficult for Brazilian banks to offer loans to local citizens since its too risky.
Ricardo Guimaraes is a person of vision and creativity. Qualities that have led him to get the bank to the top of the financial charts.
Other than investing in payroll loans, Ricardo has also invested in different sports such as football, tennis volleyball among many others. In football, one of his favorite club the Atletico Mineiro has received funding from BMG bank. The bank under Ricardo Guimaraes sponsors individual athletes as well. Among the athletes sponsored by BMG include Marcelo Melo, a tennis player. This kind of actions has earned the bank at the top position in the association of tennis professionals.
The content of their sponsorship includes the BMG logo in the sleeves of the player uniform and also providing playing materials.
Ricardo is an entrepreneur who has goals and aims at reaching them. In his many investments whether it’s sports or the payroll loans, Ricardo supported by his competent team can lay out strategies that lead to successful implementation.
In an example is the sports investment which in football the bank sponsors different clubs in South America. This sports investment has been able to bring real returns to the bank. The investment has also earned Ricardo Guimaraes several awards. BMG has highest returns of all brand names in soccer.