HOW MARCIO ALAOR GREW BMG

Marcio Alaor is a banking executive who has specialised in business in his home state of Minas.Marcio Alaor has grown from a shoe shiner to be the best banker in the country.

 

Marcio Alaor is an award-winning executive who uses highly efficient techniques to rule. It has led him to build a legendary team of highly qualified bankers with a reputation for hard work.

 

Marcio reports to Ricardo Guimares, who is the president of the bank. It is a team that has seen the bank grow very fast and has an extensive distribution network. The Bank is, without a doubt, one of the largest in Brazil with 3000 branches,50000 employees and $ 29 billion in asset base.

 

Ricardo Guimaraes is an entrepreneur who has specialized in mining and banking. He is the president and heir of Banco BMG. Ricardo took over the family business from his father, Flavio Guimaraes Pentagna, in 1998.

 

Banco BMG was established in 1930 as a miner’s bank. It has since then faithfully paid out money to miners before Guimares took over in 2004.It is today the largest consigned credit provider in Brazil with 5 million customers.

 

Marcio Alaor was recently honoured in his hometown by having a food court named after him. It is a big achievement for the man who grew up in Santo Antonio. During the event, Dr Wilmar Father, who acted as his mentor and protégée, spoke highly of Marcio. Alaor it was revealed had a loyal customer in Wilmar.It was a relationship that bespoke of fruitful relationships that bore many fruits.

 

Marcio Alaor also recently led his bank to a marriage with Banco Itau.Itau bank has been consistently the 3rd largest bank in Brazil and one of the best-performing banks. It recently posted 36% higher profits compared to last year and seemed set on a growth path. The new outfit will be called BMG ITAU PAYROLL and is expected to fill the demand for personal credit in Brazil.

 

Brazil is currently in an economic crisis with the IMF expecting the country to slide into recession. It has been fuelled by corruption and counterproductive government austerity measures. These measures have seen massive subsidies in petroleum and electricity prices. The reality of the market has made it tough for Brazilian banks to offer personal credit since very few can afford it.

 

Marcio says Brazil can benefit from the current crisis by following the example of Australia. It is like Brazil, a commodity exporter with less natural resources than Brazil. It has leveraged this position nevertheless to create one of the richest states on earth.

 

Marcia credits this to its economic policies that are conversant with changes in the world market.

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