BMG is one of the leading privately owned fiscal institutions in all of Brazil. This highly respected bank is controlled by one of the most prominent families in Latin America. The Pentagna Guimarães family has long been a leader the much lauded Brazilian financial industry for nearly a century. In 1930, the family established their important Banco de Crédito Predial S.A., one of the leading banks in Brazil. This commercial bank has many kinds of products that are available for both individuals as well as institutions.
In the decades since the establishment of the initial bank, BMG’s basic focus remained on the wholesale financing industry as well as the consumer financing industry, an area where bank officials took the lead. They were also instrumental in helping people in Brazil finance the purchase of vehicles for both private and commercial use. Since the late 1990’s, bank officials have decided to concentrate their efforts on other types of fiscal endeavors as well such as providing payday loans for Brazilians in need of temporary cash. Ricardo Annes Guimarães is the president and CEO of the company. He has been the leaders of the company for many years, helping provide the kind of leadership company staffers need to move the bank forward over the next few decades.
In an effort to help provide additional fiscal opportunities in the market, Guimarães and BMG signed a detailed agreement with another prominent Brazilian fiscal institution, Itaú Unibanco S.A. that has helped provide Brazilians with even more access to credit of all kinds based on the use of paychecks as collateral, move that has been highly successful for both parties. The net result is that both banks hope to be able to continue to provide Brazilians of all backgrounds with the chance to be able to access credit easily without the need to constantly face new fees and background checks in the event of a cash flow problem of some kind. Many Brazilians have been happy to work with the resulting fiscal institution in order to help them maintain access to a ready cash supply at all times and provide them with the kind of help they need in the event of a financial emergency of some kind. This has allowed many Brazilians to overcome their financial difficulties and be able to have a firm financial foundation that allows them to plan for the future and save money.