He is Flavio Pentagma Guimarães’ son, with the cajones to grow the family banking business in daring and innovative ways, the same way his father built wealth with investments in agriculture when he started Land Credit Bank nearly a century ago, in 1930. Born into a wealthy family, though Ricardo Guimarães is grandson of the renowned Antônio Mourão Guimarães, he still worked diligently to make his own brilliant mark and grow Banco BMG into one of the biggest banks in South America.
In 1998, Ricardo Guimarães took the bank in a new direction with consigned credit monitoring. It was a risk that turned into a triumph leading the bank to become the National Loans leader in Brazil. His family’s involvement in the financial sector stretch back through decade after decade of change, which in the last 20 years Mr. Guimarães has navigated with honors. When local business people need guidance in the best types and amounts of investments, they turn to Banco BMG to receive expert, experienced, and most importantly, advice with integrity. Mr. Guimarães has become famous for his business acumen and long sight for the need to both create and accept innovations in every sector of every market.
Banco BMG operates at peak efficiency with professional consultants distributed throughout the country. The primary focus is low interest credit for clients that are low risks to default. The risk paid off for his bank and for the whole industry. Read more about the life of Ricardo Guimarães.
Another big play for Ricardo Guimarães has been in offering various soccer teams and specific athletes special support. In fact, the biggest sports sponsor company in Brazil is Banco BMG. It shows in the bright beautiful “BMG” lettering on the club uniforms of the team he owns and manages: Clube Atlético Mineiro. Mr. Guimarães has made it clear that the bank is not partial to any particular team’s players, but actually support all the players who they see as most important in coming seasons. Sometimes the bank supports players from rival teams. It is all for the love of sport that Mr. Guimarães spends so much on his favorite sport.