Globally recognized as a pioneer of Brazil’s payroll deduction credit, Banco BMG is indeed an icon of excellence in the country’s financial sector. The company’s headquarters are in Bello Horizonte city, in Minas Gerais state but its operations span the entire country through an efficient network of over a thousand bank correspondents and close to 30,000 payroll agents. By 2010, Banco BMG had over 4 million clients.
The bank has a long history that can be traced back to the early 1930s when it was established by the Guimaraes family. In more than 80 years, Banco BMG has established itself as a leader in the financial industry by providing credit solutions to companies and individuals alike. Some of its main products include the BMG Empreas which provides financial assistance to economic groups as well as medium and large scale companies, the Payroll Credit Card, home loans known as BMG Realiza, and vehicle financing just to mention a few.
There are two things that make Banco BMG stand out from the rest, namely its technology and human capital. The bank relies on a highly developed technology system to provide quick and efficient credit approval on both online and offline platforms. Banco BMG is run by an efficient management team that follows sound corporate governance practices. This is probably why the bank’s human capital is without doubt its most solid asset.
Led by Marcio Alaor, the bank’s Vice President and Director, Banco BMG’s high synergy staff has been known to overcome all forms of challenges through teamwork and creativity. Marcio Alaor is recognized in many parts of Brazil for his contribution in empowering rural populations and attention to the needs of his countrymen. Residents of his homeland city of Antonio do Monte recently honored him by naming one of the food courts in the 33rd edition of the city’s Holy Agricultural Exhibition “Marcio Alaor” as a tribute to his good work in the community.