January 19, 2017 4:04 AM ET

Banks

Company Overview of Banco BMG S.A.

Company Overview

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

Itaim Bibi

São Paulo, SP 04538-133

Brazil

Founded in 1930

Phone:

55 11 5503 7500

Key Executives for Banco BMG S.A.

President of Board of Directors and President
Age: 74
Finance Director
Commercial Director
Commercial Director
President of Executive Board
Compensation as of Fiscal Year 2016.

Banco BMG S.A. Key Developments

Banco BMG S.A. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Banco BMG S.A. reported consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported income from financial intermediation was BRL 608 million compared to BRL 664 million a year ago. Operating loss was BRL 148 million compared to BRL 48 million a year ago. Profit before taxes and profit sharing was BRL 14 million compared to loss before taxes and loss sharing of BRL 48 million a year ago. Net income was BRL 8 million compared to nil a year ago. ROAA was 0.2% compared to 0.0% a year ago. ROAE was 1.1% compared to 0.0% a year ago. For the nine months the company reported, income from financial intermediation was BRL 1,645 million compared to BRL 1,682 million a year ago. Operating loss was BRL 134 million compared to BRL 33 million a year ago. Profit before taxes and profit sharing was BRL 39 million compared to loss before taxes and loss sharing of BRL 32 million a year ago. Net income was BRL 41 million compared to BRL 67 million compared to nil a year ago. ROAA was 0.3% compared to 0.5% a year ago. ROAE was 1.8% compared to 2.9% a year ago.

Banco BMG S.A. Presents at BTG Pactual VII Latin American CEO Conference, Oct-04-2016

Banco BMG S.A. Presents at BTG Pactual VII Latin American CEO Conference, Oct-04-2016 . Venue: The Waldorf Astoria, 301 Park Avenue, New York, NY 10022, United States.

Banco BMG S.A. to Report Q3, 2016 Results on Nov 17, 2016

Banco BMG S.A. announced that they will report Q3, 2016 results After-Market on Nov 17, 2016

Similar Private Companies By Industry

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Banco Auxiliar S.A. Americas

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 30, 2016
Banco Itaú BMG Consignado S.A.
 

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