Company Overview of Banco BMG S.A.
Banco BMG S.A. provides commercial and credit, financing, and investment services primarily in Brazil. The company offers interbank and time deposits; salary account deductible loans; payroll and personal loans; credit cards; letras financeiras and bonds; letters of credit; and on-lending services. It also provides financing for medium and large sized companies, as well as for suppliers and large economic groups; financing services for automobiles and motorcycles; and loans secured by real estate. The company was formerly known as BMG Financeira S.A.–Crédito, Financiamento e Investimento and changed its name to Banco BMG S.A. in April 1989. Banco BMG S.A. was founded in 1930 and is based in ...
Av. Brigadeiro Faria Lima
3477 - 9th Floor
São Paulo, SP 04538-133
Founded in 1930
Key Executives for Banco BMG S.A.
President of Board of Directors and President
Administrative Director, Member of Executive Board and Member of Audit Committee
Compensation as of Fiscal Year 2016.
Banco BMG S.A. Key Developments
Banco BMG S.A. Announces Audited Consolidated Earnings Results for Second Quarter and Six Months Ended on June 30, 2016
Aug 18 16
Banco BMG S.A. announced audited consolidated earnings results for second quarter and six months ended on June 30, 2016. For the quarter the company reported income from financial intermediation was BRL 439 million compared to BRL 471 million a year ago. Operating profit was BRL 2 million compared to operating loss of BRL 5 million a year ago. Profit before taxes and profit sharing was BRL 12 million compared to loss before taxes and loss sharing of BRL 4 million a year ago. Net income was BRL 27 million compared to BRL 41 million a year ago. ROAA was 0.7% compared to 0.1% a year ago. ROAE was 3.7% compared to 0.8% a year ago.
For the six months the company reported, income from financial intermediation was BRL 1.037 million compared to BRL 1.017 million a year ago. Net income was BRL 33 million compared to BRL 67 million a year ago. ROAA was 0.4% compared to 0.8% a year ago. ROAE was 2.2% compared to 4.4% a year ago. Gross profit from financial intermediation before allowance for loan losses was BRL 595 million compared to BRL 275 million a year ago. Gross profit from financial intermediation was BRL 385 million compared to BRL 175 million a year ago.
Banco BMG S.A. to Report Q2, 2016 Results on Aug 18, 2016
Aug 11 16
Banco BMG S.A. announced that they will report Q2, 2016 results After-Market on Aug 18, 2016
Banco BMG Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2016
May 19 16
Banco BMG reported consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported income from financial intermediation of BRL 591.739 million compared to BRL 569.936 million a year ago. Operating profit was BRL 12.494 million compared to BRL 43.297 million a year ago. Profit before taxes and profit sharing was BRL 12.699 million compared to BRL 43.178 million a year ago. Net income was BRL 6.250 million compared to BRL 40.825 million a year ago. ROAA was 0.1% compared to 1.0% a year ago. ROAE was 0.8% compared to 5.3% a year ago.
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