Brazilian financial expert and businessman Mr. Ricardo Annes Guimaraes is a descendant of an affluent family that entered the financial sector many decades ago. His grandfather stirred the family into the financial industry with the founding of the bank Banco de Credito Perdial in 1930. Sinc then the Guimaraes family has had a leading role in the financial sector of the country.
Mr, Ricardo Annes Guimaraes started working in the family business in 1998. He had a fresh perspective on the business, and it showed. Banks are generally conservative institutions and very few such establishments show individuality. Mr. Ricardo Guimaraes believed that being different will attract people in a special way that could not be replicated by other banks. He used other methods to advertise services and present the bank. As the heir to the large corporation, Mr. Ricardo Guimaraes had the right to make a vast number of essential decisions. He did so with confidence and brought the BMG Bank to global renown s the leader in payroll loans.
Back in the day, banks stayed in their field for the most part and rarely ventured out to take part in other events. Mr. Ricardo Guimaraes, however, the football club of Minas Gerais and partnered up with their team. The players wore the logo of the bank on their jerseys during the matches advertisement. Mr. Ricardo Guimaraes started working with the football club Atletico Mineiro in 2001 as well. For the next five years, he was the Chairman of the football club.
In Brazil, banks working with payroll loans are favored among the people working in business. Payroll loans r a popular practice in the country because the borrowers can obtain a loan with lower interest if they use their monthly revenue as collateral. Over the years, BMG Bank has grown to be on of the most profitable financial institutions in payroll loans with only one other bank head of it. BMG Bank has been a strong competitor in the business for many decades. It was started 80 years ago. In the 70s, the name of the institution was changed to its current one, and Mr. Ricardo Guimraes became the President of the BMG Bank in 1998 when he joined it.
Last year, Mr. Ricardo Guimaraes directed the BMG Bank towards further success by stepping into partnership with its competitor. BMG Bank has been expanding rapidly for the past couple of year. The two banks will join forces as the leader in their line of work.