Company Overview of Banco BMG S.A.
Banco BMG S.A. provides commercial and credit, financing, and investment services primarily in Brazil. It accepts various deposit products, such as demand, interbank, and time deposits. The company also offers commercial loans to small-and medium-sized companies, including suppliers and service providers, as well as to public sector; and other types of consumer loans and paycheck deductible loans to public and private sector employees and retirees. 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 São Paulo, Brazil.
Alameda Santos, 2335
São Paulo, SP 01419-002
Founded in 1930
Key Executives for Banco BMG S.A.
Administrative Director and Member of Audit Committee
Compensation as of Fiscal Year 2015.
Banco BMG S.A. Key Developments
Banco BMG S.A. Announces Consolidated Earnings Results for the First Quarter Ended on March 31, 2015
May 14 15
Banco BMG S.A. announced consolidated earnings results for the first quarter ended on March 31, 2015. For the quarter, the company reported income from financial intermediation was BRL 569,936,000 against BRL 794,807,000 a year ago. Operating profit was BRL 33,111,000 against BRL 89,941,000 a year ago. Profit before taxes and profit sharing was BRL 32,992,000 against BRL 90,432,000 a year ago. Net income was BRL 31,878,000 against BRL 48,634,000 a year ago. ROAA was 0.7% against 0.7% a year ago. ROAE was 4.0% against 6.6% a year ago.
Banco BMG S.A. Presents at 3rd Annual Itau BBA LatAm Fixed Income Conference, Mar-24-2015
Mar 2 15
Banco BMG S.A. Presents at 3rd Annual Itau BBA LatAm Fixed Income Conference, Mar-24-2015 . Venue: Mandarin Oriental, 80 Columbus Circle, New York, NY 10023, United States.
Banco BMG S.A. Announces Audited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Feb 12 15
Banco BMG S.A. announced audited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the year, the company reported operating profit of BRL 310.979 million compared to BRL 594.606 million a year ago. Profit before taxes and profit sharing was BRL 328.225 million compared to BRL 595.962 million a year ago. Net income was BRL 292.937 million compared to BRL 428.510 million a year ago. Income from financial intermediation was BRL 3,275 million compared to BRL 3,098 million a year ago. ROAA was 1.3% compared to 1.6% a year ago. ROAE was 8.4% compared to 13.1% a year ago.
For the quarter, the company reported income from financial intermediation of BRL 759 million compared to BRL 834 million a year ago. Net income was BRL 49 million compared to BRL 97 million a year ago. ROAA was BRL 1.1% compared to 1.9% a year ago. ROAE was 5.6% compared to 11.5% a year ago.
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