Banco BMG

Banco BMG
FormerlyBanco de Minas Gerais S.A.
IndustryBanking
Founded1930
HeadquartersBrazil
ProductsRetail banking; payroll‑deductible loans

Banco BMG is one of Brazil's major retail banks. The bank, formerly known as Banco de Minas Gerais S.A., was founded in 1930.

Banco BMG had a minority share in a joint venture with Brazil’s Itaú Unibanco, called Itau BMG Consignado, which lent to customers who hold payroll accounts, until December 2016 when Itau bought BMG's remaining share.[1]

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