The Pentagna Guimaraes family has been a cultural icon in Brazil for offering quality commercial banking services for consumers and corporate institutions. The family established the private bank Banco de Minas Gerais S.A., also known as BMG, in 1930. Between 1930 and 1998, BMG focused its banking services on the consumer lending and wholesale market. Since 1999, BMG has expanded its services to include credit card payroll, vehicle financing, real estate financing and retiree and pension services.
Since its existence, BMG has consistently demonstrated an effort to enhance its investment and business portfolio while meeting the needs of its consumer and commercial base. BMG has invested in its expansion plan by broadening the foundation of its operational structure to include a diverse range of services and business practices. The core pillars of BMG’s banking model, include profitability, asset quality, diversification of funding, operational efficiency and investment in human capital.
Under the leadership of BMG’s vice president and operations director, Marcio Alaor, the goals of BMG has resulted in a positive reception from Brazilian consumers, investors and business entities. Mr. Alaor has led the bank’s profitability and sustainability goals in a very successful manner within the atmosphere of a very competitive market. For example, the bank has increased the value of its credit portfolio by trusting the leadership of its veteran credit team, which uses technological resources and industry experience to advance BMG’s values of conservative credit policies.
Mr. Alaor is also heavily focused on diversifying BMG’s funding and investment practices. The strategy that is employed by BMG, includes funding various ventures with the intent of helping companies and consumers obtain their financial goals while mitigating the financial risk for BMG. The calculated funding methods that are advanced by BMG are based on entities, such as bank notes, capital deposits, third party funding and financial securities.
Mr. Alaor and BMG’s corporate board of directors understand that a good business plan is useless without the existence of a smart staff and management team. Over the many decades, BMG has invested a lot of money and resources into its infrastructure to ensure that the bank’s employees are able to work efficiently within the confines of BMG’s corporate parameters and value system. BMG realizes that in order for its employees to be competitive in the modern era that they must have access to state-of-the-art financial tools and software related programs and computer networks. The investment into a reliable workforce and a robust digital backbone promotes the development of each branch within the BMG operational tree.
The corporate infrastructure of BMG is designed to adhere to strict governance policies and practices. The primary objective of these policies is to maintain a professional management environment. As a result, BMG has witnessed a steady stream of investors and investment opportunities on an annual basis. This positive feedback from the Brazilian community demonstrates trust in BMG’s ability to provide long term services in the midst of a rapidly evolving market.