At Brazil, the banking industry of the country is dominated by a few big enterprises in the field, namely the BMG Bank, Itau bank, and Bradesco, some of the strongest and most successful banks that are national. Some of them, like Bradesco and CityBank, even have international influence, and that is needless to say the importance of the BMG brand.
Apart from the big corporations, the banking industry of the country, namely starting at 2015, has given space to new entities to be born, new, smaller banks are arising every year, like the “Intermedium Bank” (now named Bank Inter) and “RICO,” an agency that allows Brazilians to invest their money in national treasures.
The BGM Bank, however, has won the heart of many of the biggest investors and corporations of the country because of their easy-to-use platform and plentitude of options for customers. The BMG Bank is owned by the Guimarães Family, a very wealthy and influential family in Brazil, from where one of the most successful CEO’s of the national banking industry was born: Ricardo Guimarães, the current CEO of the BMG Bank.
Ricardo Guimarães didn’t always hold that position of prestige, and has already been nominated by the founder and owner of the bank network as the Executive President of the brand. That was before he allowed another employee of trust to assume the place so that he could become the CEO in the absense of his father. Right now, though, Ricardo Guimarães has proven his excellency at the spot of Chief Executive Officer, which has allowed him to maintain the position and lead the business decisions of the BMG Bank staff.
When comparing to the competition, the BMG Bank is surely not one of the cheapest, and maybe not one of the best ones in terms of availability in the whole territory of Brazil (one of the biggest countries in the earth, after all). However, the BMG Bank, according to the interviews with the Guimarães family and the successful Ricardo Guimarães, the BMG bank has earned their client base and most of the huge corporations that have preferred their services because of the commitment of their staff. Almost never have account owners had to wait unnecessary amounts of time to make transactions, or fail to contact one of their professionals when seeking assistance. The attendance of the BMG Bank is the priority, and it has won the choosing of many important investors in Brazil.