Banco BMG

Key details

• Launch: 1930

Overview

Banco BMG is Brazilian commercial bank + B3: BMGB4 + Guimarães family Brazilian founding family + Brazilian retail + institutional + foreign investors free float + one of Brazil's mid-sized commercial banks specialising in payroll loans + digital banking + founded 1930 in Belo Horizonte Minas Gerais Brazil as Banco de Minas Gerais by Antônio Mourão Guimarães then 1998 Banco BMG rebrand [1, br-cro].

History

1930 — Banco de Minas Gerais founded in Belo Horizonte Minas Gerais Brazil by Antônio Mourão Guimarães as Minas Gerais regional commercial bank.

1998 — Banco BMG rebrand consolidating Banco de Minas Gerais specialising in Brazilian payroll loans consignado.

Oct 2019 — Banco BMG IPO on B3 Brazilian Stock Exchange B3: BMGB4.

2014 — Banco BMG Mobile banking app launch.

Ownership & operator

Operating entity: Banco BMG SA (Brazilian commercial bank; B3: BMGB4).

Major shareholders: Guimarães family (Brazilian founding family) + Brazilian retail + institutional + foreign investors free float.

Regulators: Banco Central do Brasil BCB.

Technical integration

Banco BMG Mobile app (iOS + Android) + bancobmg.com.br online + Banco BMG branch network across Brazil (payroll loans consignado + digital banking specialty) + BMG Visa + Mastercard + Elo cards; PIX (Brazilian national instant payments) + Elo Brazilian national card scheme + Brazilian Real BRL domestic transfers.

Implementations & partners

Major Brazilian banking + payments competitors: [[banco-itau]] (Itaú Unibanco; B3: ITUB4 NYSE: ITUB) + [[bradesco-brasil]] (Banco Bradesco; B3: BBDC4 NYSE: BBD) + [[banco-do-brasil]] (Banco do Brasil; B3: BBAS3) + [[nubank]] (Nubank; NYSE: NU) + [[banco-inter]] (Banco Inter; B3: INBR32) + [[banco-pan]] (Banco PAN; B3: BPAN4) + [[banco-bv]] (Banco BV; Brazilian commercial bank) + pix (PIX Brazilian national instant payments).

Regulators: Banco Central do Brasil BCB.

Status

Active, Brazilian commercial bank + B3:BMGB4 + Guimarães family Brazilian founding family + Brazilian retail + institutional + foreign investors free float + one of Brazil's mid-sized commercial banks specialising in payroll loans + digital banking + founded 1930 in Belo Horizonte Minas Gerais Brazil as Banco de Minas Gerais by Antônio Mourão Guimarães then 1998 Banco BMG rebrand [1, 2].

Sources

• 1 BMG — official
• 2 BMG — Wikipedia
• br-cro In-corpus: reports/countries/BR-brazil.md

Source

Biography extracted from bmg-brasil.md. See matrix.md for standards-support matrix if present.