The head of Banco BMG bank is a self-made philanthropist who has funded the operational of many projects in Brazil. Sir Ricardo Annes Guimaraes is one of the best-known investors who have led to the economic stability in Brazil. In 2004, Guimaraes managed the situation of inflation that was posing a danger to the financial condition in Brazil. In his reign, the bank has extended investment ventures to a global level.
- R7.com publishers made a liberation regarding the prediction of President Ricardo Guimaraes on the state of the New Year’s Chinese economy. According to the analysis made by Guimaraes, the Growth Domestic Product of China’s economy is expected to deteriorate in the financial market due to the experienced adjustable problem in the Chinese economy. Mr. Ricardo explained that the GDP is supposed to fall to an estimated seven percent. The Chief Executive Officer of Banco BMG bank stated that the news originally came from the China Securities Journals.
- Ricardo Guimaraes also implied that the commission had forecasted a fall in the consumer price index with a percentage of one and a half. Chinese stakeholders experienced a lower accumulated growth of seven percent in the last four months of 2015. Guimaraes implied that was the lowest percentage growth since the recession of the financial crisis in China. Jinping, who is the current president of China, stated that the evidenced percentage growth in quarters will help China experience an economic growth and meet its vision in the next five years.
Banco BMG bank has also become a key figure in the investments of the sports industry. Mr. Ricardo Guimaraes has depicted that Banco Group will continue investing in the sports industry to develop the talents of Brazilian athletes. In a publication made by esporte.com news, Ricardo reported that BMG was willing to instill confidentiality to the athletes and fund the players with allowances for maximum performance in the field. Guimaraes added that more than dozen of the teams in the championship league had something very close.
Ricardo Guimaraes has established a sponsorship deal with most of the Serie A teams. He added that he was tabling another deal to the teams that will emerge as the champion. BMG bank is recognized as the top ranked bank offering payroll loans to clients all over Brazil. The formation of the business venture between Banco BMG and Itau bank has also been widely involving itself in football and other sports. Ricardo Guimaraes acted as the chairperson of Atletico Mineiro club that has also been in the championship run. He served as the chair of this organization for five years. BMG also sponsors other clubs such as Flamengo club and Coritiba football club.