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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.
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| Formerly | Banco de Minas Gerais S.A. |
|---|---|
| Industry | Banking |
| Founded | 1930 |
| Headquarters | Brazil |
| Products | Retail banking; payroll‑deductible loans |
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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