Flavio Pentaña Guimarães, owner of BMG, dies aged 94

The banker Flávio Pentagna Guimarães, aged 94, died this Thursday (19) in Belo Horizonte. Guimarães at the moment held the place of Chairman of the Board of Directors of BMG and was the most important shareholder within the monetary establishment. Banco de Minas Gerais, which later turned BMG, was based in 1932 by his father, Antonio Murao Guimarães.

During his work as an entrepreneur within the monetary market, Guimarães confronted the problem of selling monetary options within the nation. Her objective was to make BMG one of the six largest Brazilian banks. In order to affix this battle, he wager on the creation of simplified and revolutionary options that generate worth for the inhabitants by means of loans and different varieties of credit score.

Along this trajectory, the banker made the financial institution as fashionable as he needed, turning BMG right into a pioneer in providing payday loans, which democratized entry to credit score at decrease rates of interest in Minas Gerais, later increasing all through the nation.

He leaves 5 kids: Antonio, Joao, Regina, Angela and Ricardo, along with 12 grandchildren and 12 great-grandchildren. His spouse Marina Ferreira Pentaña Guimarães died in 1994.

The funeral shall be this Friday (20) in Belo Horizonte. The trigger of his dying has not been introduced. The dying was initially introduced by Coimbra Sports from Contagem (MG), within the capital area of Belo Horizonte. BMG helps Coimbra.

On social networks, the Contagem membership revealed a textual content in honor of the banker.

“Dr. Flavio Guimaraes was the daddy of our director Ricardo Guimaraes and provides his title to the Great Counting Team Training Center. for 3 days’.

Clube Atlético Mineiro mentioned in an announcement that it deeply regretted the dying of Guimarães, who the membership mentioned “was an icon of entrepreneurship in Brazil and one of the best entrepreneurs in Minas Gerais.”

In an announcement, BMG knowledgeable that it “regretfully pronounces the dying of businessman Flávio Pentagna Guimarães, shareholder and former president of BMG Group”.

“Dr. Flavio, as he was identified, was a visionary and an important entrepreneur. Throughout his life, he developed enterprise fronts in numerous segments of the economic system. BMG Group right this moment is a conglomerate of firms that function, along with the monetary market, within the segments of innovation, expertise, agribusiness, logistics, actual property, and so forth. He was additionally accountable for making Banco BMG the primary monetary establishment to supply payday loans within the nation,” the notice mentioned.

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