Company Information

Get to know Banco Bmg

Founded in 1930, Banco Bmg has a long history in the Brazilian financial sector. The bank pivoted its strategy in 1998 to focus on creating and distributing payroll-deductible loans (*crédito consignado*), a segment in which it became a market leader. Today, Bmg has evolved into a digital bank (phy-gital model) that offers a complete suite of financial products, including free digital accounts, credit and debit cards, personal loans, insurance, and various investment options, while maintaining its core focus on providing accessible credit solutions to its specific target audience.

Industry

Financial BankingPRIMARY
Financial Other Service

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Banco Bmg

Brazil

Founded in

1930 (96 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(77 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.