July 20, 2017 11:54 AM ET

Banks

Company Overview of Banco BMG S.A.

Company Overview

Banco BMG S.A. provides commercial and credit, financing, and investment products and services primarily in Brazil. The company offers payroll loan cards; salary account deductible loans; financing, structured financial services, derivative instruments, and guarantee insurance for medium and large sized companies, as well as for suppliers and large economic groups; personal direct debit loan account for civil servants, retirees, and National Institute of Social Security Contributions pensioners; digital personal credit; letras financeiras and bonds; letters of credit; and on-lending services. The company was formerly known as BMG Financeira S.A.–Crédito, Financiamento e Investimento and chan...

Av. Brigadeiro Faria Lima

3477 - 9th Floor

Itaim Bibi

São Paulo, SP 04538-133

Brazil

Founded in 1930

Key Executives for Banco BMG S.A.

President of Board of Directors and President
Age: 75
Finance Director
Commercial Director
Commercial Director
President of Executive Board
Compensation as of Fiscal Year 2017.

Banco BMG S.A. Key Developments

Banco BMG S.A. Announces Consolidated Earnings Results of the First Quarter Ended March 31, 2017

Banco BMG S.A. announced consolidated earnings results of the first quarter ended March 31, 2017. For the quarter, the company reported income from financial intermediation of BRL 665 million compared to BRL 598 million a year ago. Operating profit was BRL 24 million compared to BRL 8 million a year ago. Profit before taxes and profit sharing was BRL 23 million compared to BRL 8 million a year ago. Net income was BRL 5 million compared to BRL 3 million a year ago. ROAA was 0.1% compared to 0.1% a year ago. ROAE was 0.8% compared to 0.4% a year ago.

Banco BMG S.A. Presents at Itaú 5th Annual LatAm Fixed Income Conference, Mar-29-2017

Banco BMG S.A. Presents at Itaú 5th Annual LatAm Fixed Income Conference, Mar-29-2017 . Venue: New York, New York, United States.

Banco BMG S.A. Announces Earnings Results for Fourth Quarter Ended December 31, 2016

Banco BMG S.A. announced earnings results for fourth quarter ended December 31, 2016. For the quarter, the company reported Income from financial intermediation of BRL 622 million against income from financial intermediation of BRL 467 million a year ago. Operating loss of BRL 332 million against operating loss of BRL 172 million a year ago. Profit before taxes and profit sharing of BRL 99 million against loss before taxes and profit sharing of BRL 171 million a year ago. Net income of BRL 22 million against net income of BRL 19 million a year ago. ROAA of 0.5% against ROAA of 0.4% a year ago. ROAE of 3.2% against ROAE of 2.6% a year ago.

Similar Private Companies By Industry

Company Name Region
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Banco Auxiliar S.A. Americas
Banco Azteca do Brasil 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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