Law 13,848 / 2001 determines that the returns from financing made with money from state funds were earmarked for BDMG capital increase; this gave rise to Novo Somma Program, which focus on financing for the public sector.
BDMG NOVO SOMMA Disbursement TableDOWNLOAD
As of the second half of 2017, there were no releases of money from state funds. BDMG manages resources that have been subject to funding in its budget, financial, accounting, and accountability control.
Disbursement Table for State FundsDOWNLOAD
BDMG adopts a rigorous risk management policy, with a high standard of control, and calculation and monitoring models. The mission of this area in BDMG is to manage credit, market, liquidity, operational and socio-environmental risks, with a view to mitigating these risks and optimizing operational efficiency and results. Thus, the Bank adopts risk management practices matching the nature and specificities of its operations, maintaining control standards, with a capital adequacy index higher than the minimum requirement adopted in Brazil.
Risk Management is closely aligned with BDMG's strategic guidelines and is committed to the Bank's ethical standards of conduct and reliability. Risk Management aims at bringing together internal methodologies and models from the Basel Accords and complying with recommendations from regulatory bodies in line with the best market practices.
Risk Management and Control Structure
In the past 12 months, the Minas Gerais Development Bank (BDMG) had no classified or declassified information at the reserved, secret and ultrasecret secrecy levels defined in Art. 24 of Law 12,527/2011 (Information Access Law).
The Budget and Investment Statement meets the requirements of the Law of Budgetary Guidelines of the State of Minas Gerais (Law 18,313 - LDO 2010), which determines that state-controlled companies must publish a quarterly report of the investments made, with the details of the investments and the funding source, on their official web pages.
The BDMG Sponsorship Policy is available at this webpage. It lays down the principles, parameters, and criteria for the Bank to grant sponsorships.
There are also forms available that must be filled in by the tenderers.
The reports of sponsored projects will be published here, from time to time.
Sponsorship Policy Documents
Download the fee and refund table:Download the table