Currently, the bank is trying to move away from its former, conservative profile and raise the bank’s profitability. The new key assets of BMG are profitable loan portfolios, a high quality credit portfolios, diversification of funding sources, operational efficiency, and highly qualified teams of employees. BMG has been able to successfully diversify by creating a joint venture with Itaú Unibanco S.A. in April of 2014. By uniting with Itaú Unibanco S.A., BMG has been able to turn its attention to other profitable operations such as a Payroll Credit Card and financing for companies and suppliers.
BMG is well respected in the Brazilian financial sector for its excellent operation system. The bank has a Board of Directors, including Marcio Alaor BMG, which is primarily made up of independent members. The Code of Ethics and the Anti-Money Laundering Program at BMG are available for shareholders, and they ensure that the bank is completely trustworthy and ethical. All employees at the bank are hired for their talents, so service is always excellent at BMG.
After more than 80 years succeeding in the Brazilian financial industry, BMG is a recognizable and solid brand. Companies in both the private and public sectors rely on BMG for their financial needs. BMG continues to innovate and ensure that the needs of the public are met. BMG’s ability to quickly adapt to new market conditions and please consumers means that this bank will continue to be an important part of finances in Brazil.