AN OVERVIEW OF BMG ACHIEVEMENTS UNDER MR. RICHARDO GUIMARIES

The family of Ricardo Guimaraes has successfully operated BMG the almost a century. Since the Mr. Ricardo’s grandfather founded land credit bank, the bank has grown to be the leading consignment credit provider in Brazil. Mr. Ricardo is from Minas Gerais. The son of Flavio Pentagma joined BMG in 1994 and became its president in 1998. The bank has undergone numerous reforms in Guimaraes leadership that have seen it rise to the top in consignment credit sector. His strategies include providing low-interest loans for clients with a non-default record. Guimaraes excellent leadership skills and professional business experience are attributed to BMG success.
The Brazilian business mogul has also invested in another sector like agriculture and cannery. The BMG president has diversified his investment through the major sectors of the country’s economy. Apart from his investments, the bank is also the leading sponsor of the Brazilian sports industry. Guimaraes excellent management skills have come overnight; he graduated with a degree in business administration and worked in several leadership positions before rising to the presidency. He is a vivid philanthropic supporter of community-led projects in Belo Horizonte. Guimaraes believes in teamwork and his team in BMG demonstrates his choice for professionalism and excellence.
Until Guimaraes aggressively invested in consignment sector, the potential of the industry was untapped. The bank now maintains a substantial lead in the industry serving over five million clients in its three thousand point of sales and sixty thousand agents distributed in major municipalities in the country. The business mogul has an eye set in football and athletics. Guimaraes leadership is centered on alternative investment, and the bank has demonstrated the lead in being the biggest sponsor of Brazilian soccer.
Foreign sponsors like Coca-cola have dominated the country’s football sector. The emergence of a local bank in the country to take the lead is remarkable. Thanks to Guimaraes investment diversification that has also made the sports performance improve. The bank is benefiting hugely from the clubs as well. The major clubs in the league have a connection with the bank. Guimaraes commitment in rooting the bank in payroll loans is steadfast. The credit sector is the primary source of revenue for the bank. Guimaraes has plans to reduce the overreliance in of the bank in the industry and diversify in other uncompetitive fields.

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As found on Agencia Estado.