BMGs Ricardo Guimares Receives Honor of the Chamber


Ricardo Guimarães is a highly successful banker in Brazil who played a vital role in shaping the country’s banking industry. As the President of the leading Brazilian Bank BMG, he took extra efforts to rebuild the economy of the country with long-term, constructive strategies. Guimarães is known for his active interference in Brazilian sports by keeping a long-term vision of creating better sports culture in the country. Per Camara Municipal, he received the Honor of Merit from the City Hall of Belo Horizonte based on the requests of the councilmen, recently. Daniel Nepomuceno, a councilman, confirmed that it was a great honor to recognize Guimarães considering his significant investments in the sports of the country.

Léo Burguês, another councilman, said that Guimarães was felicitated with Great Collar of Legislative Merit in 2004 and bringing him once again into the House and honoring him is giving a great satisfaction for the entire house. Burguês also highlighted the contributions of Guimarães including his presidency term in Atlético Mineiro club during the period 2001-2006 and his works to generate significant interest in sports among the youth. While he was part of the club, he cleaned the accounts of the team and actively worked for Training Center for the team named “Rooster,” which is considered as the best in the country.

Fred Costa, the state deputy, also mentioned the long list of credentials of Guimarães as his contributions towards football, tennis, Olympic gymnastics, volleyball, and more. He said that the banker is contributing to the social spectrum of the country through his efforts in sports. In response to the great words and honor, Guimarães thanked the councilmen for their gentleness and confirmed that he is elated to continue the journey his grandfather started at BMG to invest in athletes and sports. He also expressed his interests to bring the activities to the other states of Brazil and make a positive change across the country.

Guimarães is known for taking BMG Bank to greater heights, and it became the leader in payroll-deductible loans and personals loans of the country under his leadership. Interestingly, he ensured that the Bank is following an exclusive lean structure in which the sales are mostly done by consultants who are spread across the country. During his period, the bank even accessed the low-paying people segment and also started offering low-interest rates. Interestingly, Guimarães follows diverse business portfolios and known for large-scale initiatives. He keeps distinctive thoughts about the business, politics, economy, science, and more and shares it with his readers through his blog.

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