Marcio Alaor of BMG helped to create a new bank

 

According to an article published at EM.com.br

In a week, Banco BMG dropped bets that would be sold to BTG or Bradesco and closed an unprecedented partnership with Banco Itaú, one of its greatest assets: the lead in lending recorded. Executive Vice President of BMG, Márcio Araújo Alaor celebrates the partnership that will result in the creation of a new Bank, ITA BMG Recorded, that will act solely on lending with discount on payroll and will allow the BMG to keep operating as it is today.

With the Association, the miner’s Bank will have a monthly line of 300 million R$ of the Ita to operate for three years. In 90 days, when the new Bank start operating, other 300 million monthly R$ will be made available to the joint venture and in this case will be for five years. “It’s a new segment that opens to the BMG in this joint venture. The Bank passes the Fund also employees of private companies and that there is a giant market, “says Márcio Albana in interview with Estado de Minas

The BMG was negotiating with other banks. Why the option of joining Ita?
Until last week the negotiations with Bradesco and BTG involved the purchase total, of the control. But last Saturday we received a call from Roberto Setubal (ceo of Itaú Unibanco) with another option for BMG, that doesn’t change anything in the current Bank and gives us a good perspective for the future. The Ita also gave us an interesting option because from the partnership it will give money, funding for the BMG, which is a monthly credit line of 300 million R$ to the Constitution of the joint venture – which will take around 90 days. From the time the joint venture begins to operate, it will give us funding to R$ 3.5 billion, over five years, that is, 300 million R$ per month.

The difference is that now will be contributed in the BMG and in the near future in a joint venture?
No, it’s better than that. I’m actually have funding both the BMG, which is this line R$ 300 million monthly for three years, and in the joint venture. And the BMG is still operating normally, with 30% of the payroll and the portfolio of receivables. So this is the BMG and they will keep current.

Including the operations that were acquired recently, such as Banco Schahin?
Everything stays in the BMG and nothing changes. Now, what’s motivating us a lot is the joint venture, which will be called Itaú BMG Stated. Is a bank exclusively embodied. The BMG will be 30% partner, the shareholder of the BMG will put 300 million R$ of own resources to the capital of this Bank and the Ita will contribute 700 million R$. Is a bank that is born with assets of r $ 1 billion, which is very good. And this we have Bank as leverage until 11 times. And obviously that Bank will grow too, because 70% of the production of the BMG consigned today goes all to this new Bank and with a very good condition, because the Ita will move to this joint venture a cost of catchment which is the same as their agencies there. To give a reference, an agency Ita today must have a collection cost around 105%, while BMG has a cost of 130%, because the money was scarce. So that gives us a very good margin to grow, to develop and benefit the client.

A part of the payroll of the BMG passes to the joint venture.
The BMG has a portfolio of $ 29 billion. That’s BMG. From the establishment of the joint venture, what I produce on a monthly basis – BMG today is around 600 million R$ and we’re here to make a $ 1 billion-is of ITA BMG Stated. That is our goal in the new Bank. We want to make $ 1 billion per month in this new Bank and we know you have a condition for this, we have a network of approximately 700 correspondents and all remain in the BMG and will also be registered in the Ita BMG.

But there won’t be a domestic competition.
No, by the following, this is going to be very well defined. What happens: we have a current portfolio at BMG where the customer always refinancing. He takes a R$ 1 1000 loan, it pays 30% of this loan and come back wanting more money. All we’re doing is refinancing at BMG and whatever new contract we do Itaú BMG. So, does not have the slightest difficulty.

The trend is that the enshrined the BMG decrease or settle to this new reality?
It is true. This will happen Yes. But we only will grow other assets, we are going to have lower costs. To give you an idea, from the moment that we announce this partnership, our cost of funding has already fallen sharply. a credit that was in CDI 3% or 3.5% more fell to CDI 2% more. So, fell too. The very term deposit, that on the market today, with crisis outside and the internal crisis was difficult, we’re back to capture. Customers returned to make applications in CDB.

Today what is the cute in Receivables in the Bank and what the prospect of growth?
This receivable portfolio is a portfolio that we’re very excited about it. The BMG had until December last year, 2.5 billion R$ and later, with the crisis, obviously, there was an insured and not grow more. Today she is around 1.7 billion R$, but is a portfolio that you can grow very fast. In the last few months of last year the Bank was producing around 500 million R$ per month in this portfolio of receivables. And we’re going back to activate this license.

Today the production of this wallet is how?
Today is around 150 million R$ per month. So, we’re going back to a level of 500 million R$. And the great advantage of this wallet is that it is very safe, because we operate with companies that already have closed contracts with Petrobras, with the City Hall of Rio, Belo Horizonte and the football clubs that have contracts with the Globe and who anticipate receivables.

You can return to the same level of 500 million R$ even with the current crisis situation, but restrictive?
Of course. Of course we’re going to take all the care required. Today has a high default rates in terms of the financial market, but as our credit is recorded, we had no problem of delinquency. On the contrary, our delinquency fell, she reduced, because it is formulated. Because I’m citing that, because the receivable that we operate is a receivable and liquid and that the company, which are large companies, will pay for that supplier in the date. So, it’s kind of a payroll.

How do you see the medium-term Outlook. What the Government is doing will be enough for the country to go back to grow at rates of 4%?
We understand that the Government’s policy is right. We have no fear that Brazil will have a problem. Don’t believe it and I see that, with this partnership now, the BMG has 5 million customers in the payroll, ITA can add more 3 million clients in the payroll and we can grow more because ITA pays payroll of several companies. And this is a segment that opens to the BMG in this joint venture. I’m going to operate also the employees of private companies and that there is a giant market.

With the partnership, the risk agency Fitch placed the BMG under evaluation. What does that mean?
That is a good thing. They want to understand the business the right way, which is very good for us, because in a moment of bad market have an increase of rating will be spectacular.

The financial expertise has allowed Marcio Alaor to become a part of the BMG Bank family. His influence has helped to close and abundance of deals as well help the company to expand. His latest deal has helped BMG to partner with Banco Itaú in order to create a new bank.

An Overview of Investment Banking Firm Madison Street Capital

Madison Street Capital is a boutique investment banking firm that specializes in a number of services including mergers and acquisitions, business valuation and corporate financial advisory. With the services offered by Madison Street Capital businesses from all over the world can get the help they need in order to reach their financial goals and full potential. The firm Madison Street Capital goes by its core values of integrity, excellence and leadership to assure clients that they can be trusted and have their best interests in mind. As well as offering services companies all over the world, Madison Street Capital offers its services to a number of different industries so all of the major industries of the economy will benefit by working with this firm.

The firm known as Madison Street Capital is an international investment bank that helps numerous companies raise capital and merge to accomplish other objectives such as issuing stock. This firm works with both privately held and publicly held companies which allows it to have versatile client base. When working with Madison Street Capital, companies will have the opportunity to get a number of services which include business valuation, financial advice as well as mergers and acquisitions. With business valuation Madison Street Capital will go over all of the business in terms of net worth as well as profits. It will then make recommendations on whether or not it will be best to merge with another company or issue a stock. Madison Street Capital will also offer financial advice to help give guidance and feedback on how to best raise capital and improve the overall financial situation of a company. Lastly, this firm will help companies come together to form one and raise capital for issuing stock and becoming more profitable.

As well as providing a number of high quality services to clients, Madison Street Capital helps companies in a number of different industries which are important for the overall economy. These include food and agriculture, wholesale manufacturing, retail, technology, healthcare and medical supply. As a result Madison Street Capital has a wide range of businesses it works with and helps improve the overall economy by helping other companies become more successful. The firm also works with companies in North America, Asia, Africa and Europe which allows it to have a very strong international presence.

Kevin Seawright’s Career and Personal Life

Kevin Seawright is the CFO of Newark CEDC. He is a career finance person and has made his life’s work out of bettering communities and uplifting them from a financial aspect, his vital stats on Crunchbase show he’s been doing just that. He has worked with communities throughout the east and has done to while being able to provide them with opportunities they may not have had otherwise. The communities that Seawright has helped are near and dear to his heart. He thinks of them as something that he helped to make possible and holds onto them with a familial type of feeling. The communities are filled with people whose lives he has touched through the work that he has done to improve the community and what is involved.

The information contained in World Class Mag is less about what he has done with his career and more about what he enjoys as a person. He, like many other financial experts, got his beginnings in the finance world at a very young age. He was introduced to finances at age 12 by his parents who consistently pushed him to be the best and do the best for the communities that he was a part of. He has worked with many different agencies including government-run agencies as well as private ones that put a focus more on the community aspect and less on the financial aspect. He has enjoyed the community work most.

Seawright got his start working for a community agency in Philadelphia, LinkedIn lists the exact position. He worked with the community, increased the opportunities for members of the community and finished his work. He then moved to a governmental position in Baltimore, MD where he managed to do even more work with the financial aspect of communities. He worked with the people in this area to ensure that they were going to have what they needed when it came to the development of the community and the increase of the infrastructure. He then moved on to the part of his career that he is currently focused on. The Neward CEDC is the latest opportunity for him to increase the exponential value of the communities and the members in them.

Along with helping people, Kevin Seawright has hobbies. He enjoys sports and has favorite teams. He does not get to relax as much as he would like due to an inconsistent schedule, but he tries to enjoy the simpler things in life when he can. He also has a 12 year old daughter who he enjoys spending time with. He is working to raise her with the same eye toward financial literacy that he had growing up. While he does not know her plans, he hopes that she will continue the financial legacy that he has created as she gets older.

The Road to Freedom: One Girl’s Journey and Her Will to Live

Yeonmi Park’s memoir, “In Order to Live: A North Korean Girl’s Journey to Freedom” details her escape from North Korea to South Korea. However, throughout her journey, Park has endured many misfortunes. Released on Sept. 29, 2015, Park’s memoir has garnered many positive reviews on Amazon.com and Barnes&Noble.com. Kirkus Reviews calls the book “an eloquent, wrenchingly honest work that vividly represents the plight of many North Koreans.” On Oct. 4, 1993, Park was born as the second daughter to middle class parents. Because of North Korea’s economic collapse during this time, Park’s father started trading on the black-market in order to support his family. When Park’s father is imprisoned by the North Korean regime, Park and the rest of her family, become destitute. At 13 years old, Yeonmi Park and her mother flee the dictatorship of North Korea to China, where they are sold into slavery. Her older sister fled to China earlier, and has yet to be found. After some time, Park and her mother make their way across the Gobi Desert, and finally arrive to freedom when they reach South Korea. Park and her mother eventually adjust to their new life in South Korea. Park even continued her education, attending Dongguk University in Seoul. Becoming a YouTube sensation after giving an emotional speech about her journey at the Reason and One Young World Summit in Dublin last fall, Park is now known as a human rights activist, being the voice for those who are oppressed in North Korea. By sharing her story, Park also hopes to find her long lost sister.