03 - BDMG

BDMG – The Development
Bank of Minas Gerais
Presentation of Results
1st Quarter of 2015
Mission
Promoting sustainable and competitive socioeconomic
development of Minas Gerais, generating more and
better jobs and reducing inequalities.
Vision
To be recognized as a strategic actor in the process of
economic and social development of Minas Gerais.
Values
•
Ethics
•
Transparency
•
Commitment to the society of Minas Gerais
2
Disclaimer
This material is a presentation of general information of the Development Bank of Minas
Gerais. These are summarized information without intending to be complete, and should
not be construed as a recommendation.
This presentation is strictly confidential and may not be disclosed to any other person . No
declaration or any warranty are given to the accuracy, adequacy or completeness of any
information presented. This presentation was prepared exclusively for information
purposes and should not be construed as a solicitation, offer or invitation to buy or sell any
securities and should not be treated as investment advice. This presentation should not be
used as the basis for any agreement.
This presentation contains forward-looking statements, which are only estimates and are
not guarantees of future performance. Investors should be aware that such forwardlooking statements are and will be, as the case may be, subject to many risks,
uncertainties and factors relating to the operations of BDMG that can cause their actual
results to differ materially from forward-looking information contained in this presentation.
Although BDMG believes that the estimates and considerations reflected in the forwardlooking information in this presentation are reasonably based on currently information
available to BDMG’s management, BDMG can not guarantee future results or events.
BDMG won´t update any of the information contained herein, including, but not limited, to
forward-looking information, and information contained in this presentation are subject to
change without notice to recipients of this presentation. Still, past performance is not
indicative of BDMG of future results.
3
BDMG Summary
01
Operational Performance
General Performance | Micro and Small | Medium and Big Enterprises | Municipalities
02
Economic and Financial Performance
Credit Portfolio and other assets | Funding e capitalization | Risk Management | Results|
Indicators
Attachments
Corporate Structure| Corporate Governance and Internal Policies| Partners and Correspondent
Banking| Curriculum Vitae
03
04
4
01
BDMG Summary
• The Development Bank of Minas Gerais (“BDMG”) is a financial institution founded in 1962 and controlled by the state
of Minas Gerais, focused on promoting the economic and social development of the State;
• Its actions are distributed throughout the territory of the State, and serves a variety of sectors of the economy, including
industry, agriculture, agribusiness, trade and services. Besides these sectors, BDMG finances infrastructure projects
and urbanization in municipalities of Minas Gerais;
• Operates with its own resources and as a financial agent of BNDES, BNB and Caixa Econômica Federal, as well as
being the financial agent of the state development funds.
• The Bank has its strategy focused in support of micro, small and medium business companies, investments in
municipal infrastructure and promoting innovation.
MSME
 Innovation in banking
processes
 Agile and non-bureaucratic
service
 Efficient distribution model to
reach an expanded customer
base
 Competitive products in
terms and rates
INFRASTRUCTURE
INNOVATION
 Consultancy for the
municipalities of Minas
Gerais, approval and
financing for urban
infrastructure projects
 Investments in funds for
innovation and
sustainability projects
 Funding for machines and
equipament
 Credit lines for the
development of new
products in partnership
with the Foundation for
Research Support of Minas
Gerais
 Structure of Public-Private
Partnership projects for large
investments
 Shareholding interest in
high-tech companies
Source: BDMG
5
BDMG
Summary
BDMG
| Municípios
com Clientes Ativos em Minas Gerais
01
•
BDMG has a portfolio of more than 22,409 customers in all regions of Minas Gerais. From small entrepreneurs to big
companies, from rural farmers to municipalities, there are numerous cases of successful partnerships between
entrepreneurs in the state and the Bank that finances their projects.
•
BDMG has financing contracts with customers located in 765 municipalities of Minas Gerais, which represent 90% of
all municipalities in the state.
Source: BDMG
6
BDMG Summary
PARTNERSHIP
BANK
BDMG
- IDB
CORRESPONDENTS
INNOVATION
1st Quarter 2015 Highlights
01
• The performance of BDMG through bank correspondents presented
advances in the first quarter of 2015. The Bank currently has an average of
119 bank correspondents acting per month. With this model, BDMG
expanded its supply of credit, an increase of 11% in the number of customers
served by correspondents over the same period of 2014, from 951 to 1,058
customers.
• New customer support tool: BDMG customer now has the Guide to Evidence
of Investments. The document, which will be sent along with the contract,
aims to clarify procedures, strengthen guidance and answer the most
common questions from customers whose financing projects demand proof of
application of the plots and corresponding counterparts. The guide is part of a
set of actions that aim to improve after-sales relationship with the BDMG
customer, increasing their satisfaction and loyalty.
FUNDING
Source: BDMG
7
BDMG Summary
1st Quarter 2015 Highlights
01
Seeking to meet the growing demand for capital for entrepreneurial
technology companies , BDMG funded 15 innovative projects in the first
quarter 2015.
INNOVATION
PARCERIA
BDMG -BID
IDB ANNUAL
MEETING
Annual Meeting of IDB Governors: BDMG attended the Annual Meeting
of the Assemblies of the Inter-American Development Bank (IDB) and
the Inter-American Investment Corporation (IIC) in the Republic of
Korea. The participation aimed the expansion of the Bank's relationship
with multilateral organizations and international market and prospecting
for new business. Meetings were held with BDMG investors as CAF,
AFD, Bank of Tokyo and the IDB itself, in which were presented the
results of 2014 and discussed new possibilities of funding for 2015.
Source: BDMG
8
BDMG Summary
01
Ownership Structure
CODEMIG
Highways
Department of
Minas Gerais
STATE OF MINAS GERAIS
(Development Company
of Minas Gerais)
0,0000064%
0.0001%
89.8406%
89,7603643%
10,2396356%
10.1593%
The Development Bank
of Minas Gerais
100.0%
BDMGTEC Shareholdings
Unitec Semiconductors
Unitec Semicondutores
S.A. *
S.A*
Entity
Ratings
BIOMM
S.A.**
BIOMM
S.A.**
Standard & Poor’s
Moody’s
Global
National
Global
National
State of MG
BBB-
AAA.br
Ba1
-
BDMG
BBB-
brAAA
Ba1
Aa1.br
(*)The BDMGTEC will take 7.2% of the shares, after the total investment of R$ 48 million, of which R$ 16 million has been transferred to SIX.
( **)The participation of BDMGTEC will be 8.13% of the share capital, which represents an investment of R$ 28.9 million.
9
02
Operational Performance
Number of Total Customers
Total Disbursement
Values in R$ Millions
29%
22,409
21,344
2,501
17,348
16,604
2,090
13,936
1,432
-38%
554
343
2012
2013
2014
1st Q
2014
1st Q
2015
2012
2013
2014
1st Q
2014
1st Q
2015
Source: BDMG
10
Operational Performance
Micro and Small Enterprises
Number of New Customers
02
Total Disbursement
Values in R$ Millions
8,057
614
519
5,392
408
4,179
8%
1,516
-30%
151
1,649
105
2012
2013
2014
1st Q
2014
1st Q
2015
2012
2013
2014
1st Q
2014
1st Q
2015
Source: BDMG
11
Operational Performance
Medium /Large Companies
and Municipalities
Number of New Customers
Total Disbursement
Values in R$ Millions
37
2014
209
115
108
93
-14%
16%
38
-25%
744
584
1st Q
441
2014
222
281
1st Q
2015
-59%
219
2014
94
237
1st Q
1st Q
2015
864
32
78
1st Q
2014
2015
67
64
1st Q
1st Q
2015
88
126
1,044
1st Q
195
185
02
98
86
2012
2013
2014
Large Companies
Medium Companies
Municipalities
72%
1st Q
2014
60
103
1st Q
2015
2012
2013
2014
13%
45
1st Q
2015
Large Companies
Medium Companies
40
Municipalities
2014
1st Q
Source: BDMG
12
03
Economic and Financial Performance
Total Assets*
Equity Evolution*
Values in R$ Millions
Values in R$ Millions
6,452
23% 6,641
1,714
1,732
1,742
1,743
2013
2014
1st Q
2014
1st Q
2015
5,413
4,901
1,313
3,651
2012
2013
2014
1st Q
2014
1st Q
2015
2012
* Due to changes in accounting practices adopted by the Bank in recognition of employee benefits, as amended by CPC 33 (R1) effective from January 1, 2013, the corresponding figures
for 2012 presented for comparative purposes, were adjusted and restated.
Source: BDMG – March/2015
13
03
Economic and Financial Performance
Revenues Evolution
Credit Portfolio
Values in R$ Millions
5,404
19%
615
5,276
4,418
4,148
463
410
115%
2,873
267
124
2012
2013
2014
1st Q
2014
1st Q
2015
2012
2013
2014
1st Q
2014
1st Q
2015
Source: BDMG - March/2015
14
Economic and Financial Performance
03
Credit Portfolio
Active Portfolio Guarantee
Credit Portfolio by Type of Funds
Values in R$ Millions
5,404
5,276
87%
4,418
4,148
58%
2,873
58%
54%
55%
52%
49%
51%
2012
27%
48%
42%
45%
42%
7%
2%
2013
Own Resources
2014
6%
1st Q 2014 1st Q 2015
Official Int. Transfers
Mortgage
Pledge
Trust Property
Lien
Bank Guarantee
Others
Source: BDMG – March/2015
15
Economic and Financial Performance
03
Credit Portfolio
Portfolio Concentration
Maturity of Credit Portfolio
Values in R$ Millions
66%
65%
60%
50%
48%
48%
47%
1,604
59%
58%
1,286
47%
974
25%
25%
22%
24%
956
21%
385
6
2012
2013
10 biggest
2014
50 biggest
1st Q 2014 1st Q 2015
100 biggest
65
Overdue Overdue Maturing Maturing Maturing Maturing Maturing
in 14 days from 15
in 3
in 3 - 12 in 1 - 3
in 3 - 5 in 5 - 15
days
months months
years
years
years
Source: BDMG – March/2015
16
Economic and Financial Performance
03
Credit Portfolio
Distribuição da Carteira por Rating
Distribution of the Portfolio by Rating*
Values in R$ Millions
5,404
5,276
5%
6%
4,418
4,148
20%
18%
6%
5%
2,873
8%
13%
17%
20%
19%
20%
17%
17%
21%
24%
21%
21%
17%
15%
47%
37%
2012
2013
35%
2014
AA
A
B
C
36%
35%
1st Q 2014
1st Q 2015
D-H
* Criteria of Resolution 2,682, dated December 21, 1999.
Source: BDMG – March/2015
19
17
Economic and Financial Performance
Credit Portfolio by Economic Sector
03
Credit Portfolio
Credit Portfolio by Enterprise Size*
Values in R$ Millions
Values in R$ Millions
5,404
5,404
5,276
8%
7%
4,148
2,873
6%
13%
15%
9%
11%
19%
4,418
4,148
8%
9%
11%
21%
14%
13%
13%
18%
19%
4%
18%
6%
2,873
18%
9%
6%
19%
6%
11%
5,276
12%
4%
12%
14%
18%
10%
31%
11%
33%
16%
33%
41%
52%
47%
50%
47%
46%
2012
13%
8%
4,418
31%
40%
50%
40%
26%
2013
Manufacturing
2014
Public Sector
1st Q 2014 1 st Q 2015
Services
Rural
Trade
2012
2013
2014
Large Company
Medium
Individuals
Public Sector
1st Q 2014 1st Q 2015
Micro and Small
*Size classification criteria adopted by the Central Bank (follows the Complementary Law 123/2006 and Law No. 11,638 of December 28, 2007).
.
Source: BDMG – March/2015
18
Economic and Financial Performance
03
Credit Portfolio and Other Assets
Delinquency (% > 90 days)
Distribuição da Carteira por Rating
4,9
5,2
5,2
5,1
4,9
4,6
4,3
3,9
1,8
1,2
3
6
0,6
0,5
9
12
2012
1,2
1,1
3
6
2013
BDMG*
1,6
1,4
9
12
3,9
1,7
3
3,9
1,4
6
3,8
3,6
3,6
1,7
1,7
1,5
9
12
3
2014
2015
Private National Financial System
(*) The Delinquency index is calculated based on the total balance of costumer contracts with overdue installments of more than 90 days.
Source: BDMG – March/2015
19
Economic and Financial Performance
03
Other Assets
Interbank Investments
Values in R$ Millions
Financial Treasury (Notes and Bills)
Debenture
Interbank Deposits
(-) Allowance for Losses
Total
2012
2013
2014
1st Q 2014
1st Q 2015
342.3
28.2
100.3
73.8
241.7
-
-
-
-
-
11.2
11.2
62
11.7
11.7
(11.2) (11.2) (11.7)
342.3
28.2 150.6
-11.7
-11.7
73.8
241.7
Marketable Securities
Values in R$ Millions
2012
Financial Treasury (Notes and Bills)
2013
2014
1st Q 2014
1st Q 2015
193
360
497
550
567
-
26
23
26
30
11
16
19
14
19
Bank Deposits Certificates
-
-
-
-
-
Derivative Financial Instruments
-
13
21
0,6
88
204
415
560
590,6
704
Debenture
Investment Fund Quotas
Total
Source: BDMG – March/2015
20
Economic and Financial Performance
03
Funding & Liquidity
Funding Evolution
Values in R$ Millions
Domestic onlending – Official
Institutions
2012
2013
2014
1st Q 2014
1st Q 2015
BNDES
787
1,119
1,620
1,218
1,522
FINAME
495
867
1,344
1,038
1,374
BNB
36
33
29
31
28
National Treasury
15
14
14
14
14
-
-
14
2
17
1,333
2,033
3,021
2,303
2,955
277
388
766
451
628
1,056
1,645
2,255
1,852
2,327
Others
Total
Current
Noncurrent
Source: BDMG – March/2015
21
Economic and Financial Performance
Funding & Liquidity
03
Funding – Internal Market
In March 2015, BDMG has the following Financial Instruments
issued :
• Private Financial Bills of R$ 110 millions, maturing in 2016;
Private FB
14%
• Financial Bills issued through CVM Instruction 476 in two series
in 2012:
FB 476 CDI
47%
FB 476 IPCA
39%
• 1st Series: R$ 103 millions, maturing in the 2nd semester
of 2015 with yield of CDI + 0,95%;
• 2nd Series: R$ 296 millions, maturing in the 2nd semester
of 2017 with yield of IPCA+ 4,14%.
• Financial Bills issued through CVM Instruction 476 in one series
in March 2014::
• R$ 249 millions, maturing in the 1st semester of 2017 with
yield of 112,7% of CDI.
Source: BDMG – March/2015
22
Economic and Financial Performance
Funding & Liquidity
03
Funding – External Market
•
In August 2013, BDMG established a credit agreement of U$$ 100 million with the
Corporación Andina de Fomento - CAF, with a 10 years term, a landmark operation for
BDMG. The funds from CAF will finance private sector investments to expand and
modernize the productive capacity of companies in the state.
•
Three tranches were released in 2013, the first tranche of US$ 15 million in September,
followed by two of US$ 30 million each, all the tranches with a term of 10 years.
•
The resources released by CAF total R$ 241 million in March 2015.
•
In December 2013, a € 50 million contract with the French Agency for Development–
AFD was signed with a term of 12 years. The funds will finance municipal infrastructure
projects for climate issues and the universalization of basic services within Minas Gerais.
•
The first tranche of € 9 million was relesed in July 2014 and the second tranche of € 7
million was released in October 2014. They correspond to an amount of R$ 55 million in
March 2015.
Source: BDMG - March/2015
23
Economic and Financial Performance
Funding & Liquidity
03
Funding – External Market
•
In June 2014, a US$ 150 million contract was signed with the Inter-American Development
Bank – IADB. The aim is to finance investment projects in municipal infrastructure.
•
The first tranche of US$ 50,000 was released on the 4th of August 2014. This amount
corresponds to R$156,000 in March 2015.
•
In December 2014, a financing transaction was concluded with the Bank of Tokyo, in which
US$ 25 million was obtained and received in Brazil, contributing to decrease the average cost
of borrowings and consolidate BDMG in the funding market. In March 2015, another US$ 25
million contract was signed by both institutions and the resources correspond to R$ 161 million
in March 2015.
Source: BDMG – March/2015
24
Economic and Financial Performance
•
03
Capital Evolution
The table below illustrates the commitment of the State of Minas Gerais with the specialization of BDMG over the last
few years, where part of the dividends and interest on capital paid have returned in the form of a capital increase.
Values in R$ Millions
2012**
Capital*
2013
2014
1st Q 2014 1st Q 2015
1,434
1,692
1,775
1,709
1,775
(67)
(76)
-
-
-
Interest on Capital
(28)
(76)
(38)
-
-
Paid Dividends
(39)
-
-
-
-
346
259
83
17
-
71
128
82
12
13
(-) Payments
Capital Increased
Net Profit
Basel Index
29%
25%
18%
23%
18%
(*) The line Capital represents the balance at the end of period net of capital to be paid in.
(**) Due to changes in accounting practices adopted by the Bank in recognition of employee benefits, as amended by CPC 33 (R1) effective from January 1, 2013, the
corresponding values for 2012, presented for comparative purposes, were adjusted and restated.
.
Source: BDMG – March/2015
25
Economic and Financial Performance
03
Reference Equity*
Values in R$ Millions
1,742 1,742
1,732 1,732
1,714 1,714
1,303 1,313
1,742 1,742
1,242
1,214
1,134
1,132
913
2012
2013
Tier I
Tier I + II
2014
1st Q 2014
RWA (Tier I + II - DC)
1st Q 2015
Minimum RWA
(*)Due to changes in accounting practices adopted by the Bank in recognition of employee benefits, as amended by CPC 33 (R1) effective from January 1, 2013, the
corresponding values for 2012, presented for comparative purposes, were adjusted and restated.
Source: BDMG - March/2015
26
Economic and Financial Performance
03
Results
Gross Financial Income
Net Profit*
Values in R$ Millions
Values in R$ Millions
128
220
205
190
82
75
19%
36
8%
43
12
2012
2013
2014
1st Q 2014 1st Q 2015
2012
2013
2014
13
1st Q 2014 1st Q 2015
(*)Due to changes in accounting practices adopted by the Bank in recognition of employee benefits, as amended by CPC 33 (R1) effective from January 1, 2013, the
corresponding values for 2012, presented for comparative purposes, were adjusted and restated.
Source: BDMG – March/2015
27
Economic and Financial Performance
03
Results
Revenue by Segment
Values in R$ Millions
10
4
70
49
4
13
48
45
48
224
56
17
166
133
60
26
258
184
176
2012
2013
2014
13
11
9
72
41
58
82
1st Q 2014
1st Q 2015
Own Resources
Official Int. Transfers
Services
Marketable Securities
Derivative Financial Instruments
Exchange Transactions
Source: BDMG - March/2015
28
Economic and Financial Performance
03
Indicators
ROAE*
ROAA*
8.5%
3.0%
6.2%
2.3%
4.8%
1.5%
2012
2013
2014
0.7%
0.7%
1st Q
2014
1st Q
2015
2012
2013
2014
0.2%
0.2%
1st Q
2014
1st Q
2015
(*)Due to changes in accounting practices adopted by the Bank in recognition of employee benefits, as amended by CPC 33 (R1) effective from January 1, 2013, the
corresponding values for 2012, presented for comparative purposes, were adjusted and restated.
Source: BDMG – March/2015
29
Economic and Financial Performance
03
Indicators
Equity/Assets*
Efficiency Index*
-2%
62%
61%
-19%
56%
54%
36%
35%
46%
32%
27%
2012
2013
2014
1st Q
2014
1st Q
2015
2012
2013
2014
26%
1st Q
2014
1st Q
2015
(*)Due to changes in accounting practices adopted by the Bank in recognition of employee benefits, as amended by CPC 33 (R1) effective from January 1, 2013, the
corresponding values for 2012, presented for comparative purposes, were adjusted and restated.
Source: BDMG – March/2015
30
Economic and Financial Performance
03
Performance Indicators
Indicators 1st Q 2015
BDMG
ROAA
0.2%
ROAE
0.7%
Basel Index
18,0%
Credit Portfolio Growth (2013-2014)
23,0%
ALL/ Credit Portfolio
3.6%
Delinquency
1.5%
Coverage Ratio (ALL/overdue more than 90 days)
2.5%
NIM (Financial Margin / Average Earning Assets)
1.2%
Efficiency Index
61.4%
Operational Coverage Ratio (Revenue from Services/personal expenses + other administrative
expenses)
0.3%
Source: BDMG – March/2015
31
Attachments
04
Corporate Structure
General Meeting of Stockholders
Board of Directors
General Management
Audit
Audit Committee
Executive Board
CEO
Marco Aurélio Crocco Afonso
Communication Management II
HR General Management
Ana Patrícia Moura Villa
Maria Isabel de Camargos
Ombudsman
General Secretariat
Luiz Salvador Messias
Ana Veryna Leonardo Aguiar
Vice-Presidency
Luiz Guilherme Piva
Internal Controls Management II
Structuring Advice
Carlos César da Silva
Giselle Moraes da Fonseca Diniz
Structured Operations General
Management
Product Development General
Management
Jorge Leonardo de Oliveira
Ana Veryna Leonardo Aguiar
BUSINESS
BOARD
PLANNING AND
DEVELOPMENT BOARD
FINANCE AND CREDIT
BOARD
RISK AND CORPORATE
MANAGEMENT BOARD
Carlos Fernando da Silveira Vianna
Otávio Silva Camargo
Rogério Sobreira Bezerra
Carolina Marinho do Vale Duarte
Source: BDMG
32
Attachments
Corporate Governance and Internal Policies
04
Statutory Bodies
•
The governance structure of BDMG consists of seven statutory bodies - Board of Directors, Fiscal Board, Audit
Committee, Executive Board, Credit Committee, Renegotiation Committee and Financial Committee - in addition to 3
other non-statutory committees. All organs are directly or indirectly subordinate to the General Meeting of
Stockholders.
General Meeting
Fiscal Board
Independent
Audit
Internal
Audit
Board of Directors
3 Members+
substitutes
9 Members
Audit
Committee
3 Members
Executive Board
6 Members
Management
Committee
IT
Committee
General
Managers
Credit Committee
5 Managers
Renegotiation Commitee
5 Managers
Credit
Committee II
Renegotiation
Commitee II
Finance Committee
1 Executive Officer + 4
Managers
HR
Committee
Credit
Committee III
Source: BDMG
33
Attachments
Corporate Governance and Internal Policies
04
Board of Directors
• The Board of Directors consists of nine members who formally meet to conduct executive sessions once every month.
Summary minutes of the meetings are published on the website.
• The Board conducts formal evaluations of their performance as organ and performance of the CEO (Chief Executive
Officer).
• The 'modus operandi' of the board is defined by its Internal Rules.
Audit Committee
• No deliberative organ connected to the Board of Directors, it is composed of three independent members, including one
administrative counselor.
• Debate, monitors and advises the Executive Board and the Board of Directors to fix and improve policies, practices and
procedures on matters relating to internal controls, internal and independent audits, controllership, ombudsman,
compliance and risk management to ensure the transparency and integrity of financial statements and the preservation
of best practices for internal controls.
Source: BDMG
34
Attachments
Corporate Governance and Internal Policies
04
Credit Committee
• The credit committee consists of five members appointed by the CEO, at least three general managers. It is responsible
for (i) decide on limit and use of the credit to the amount equivalent to 1% of the Equity of the Bank, subject to the risk
criteria defined by the Board of Directors and (ii) recommend to the Executive Board a limit and use opening with
values ​above those set out in item (i).
• In addition, the Board of Directors may institute Credit Committees, with a diverse composition that the one provided in
the Credit Committee, with powers to decide on limits and use of credit by the amount equivalent to 0.2% of the Equity of
the Bank.
Finance Committee
• The Finance Committee consists of five members appointed by the CEO, with an Executive Director and the others,
managers; one of them responsible for financial management. It is admitted even an expert in financial market
maintained the number provided for members.
• Compete to Finance Committee (i) recommend to the Executive Board investment policy and decide on their
implementation in order to maximize and preserve the resources available; (ii) decide on the participation of the BDMG
in investment funds as a way to encourage the development of the state; (iii) approve credit limit for credit unions to an
amount equivalent to 1% of the Equity of the bank; (iv) recommend to the Executive Board credit limit for credit unions
with values ​higher than the equivalent of 1% of the Equity of the Bank; (v) recommend to the Executive Director credit
limits for other financial institutions.
Source: BDMG
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Attachments
Partners and Banking Correspondents
04
Partners
Banking Correspondents
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Attachments
Curriculum Vitae
04
Chief Executive Officer of BDMG (The Development Bank of Minas Gerais)
He has a Bachelor’s dregree in Economics from the Federal University of Minas Gerais, Master in
Industrial Economics and Technology from UFRJ and PhD in Economics from the University of London.
He also has a Post Doctorate by the University of Cambridge, England, and University Paris-Dauphine,
France.
Main Activities
Professor of UFMG Department of Economics and researcher level 1 of the National Council for Scientific and
Technological Development (CNPq).
Afonso, Marco
Aurélio Crocco
During his career he published 39 scientific papers in national and international journals, edited four books and
published 32 book chapters.
He was Head of the Department of Economic Sciences, Coordinator of Post-Graduation in Economics and ViceDirector of the Faculty of Economic Sciences.
Between 2010 and 2014, he was the President Director of the Research Development Foundation (FUNDEP) of
UFMG.
Coordinator of international research networks, he is a visiting professor in the PhD Program in Regional
Development at the University of La Laguna, Spain and representative in Brazil of Regional Studies Association.
In the last 10 years he has specialized in the study of the relationship between the financial system and regional
development in its many dimensions, such as: regional impact of monetary policy, bank management and
regional development, financialization and territory, microcredit, inclusion and education finance, among others.
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Attachments
Curriculum Vitae
04
Vice Chief Executive of BDMG
Economist, has a PhD in Political Science from the University of São Paulo.
Main Activities
CEO of Itatiaia Móveis.
Director of the Investment Department in Angra Partners.
Director of Investment and Corporate Finance area at LCA Consultores.
Piva, Luiz
Guilherme
Chief Economist, Director of Consulting and Chief Financial Officer (CFO) of BDO - Trevisan.
Economic Advisor of the Presidency of the Federal Savings Foundation - FUNCEF.
Economic Advisor to the Chamber of Deputies.
Economic Advisor and Secretary for Planning and Budget for the Ministry of Planning.
General Coordinator of the Department of Socio-Economic and Political Studies - DESEP.
Advisor of the Presidency for Structured Finance and Capital Markets in the Development Bank
of Minas Gerais SA – BDMG.
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Attachments
Curriculum Vitae
04
Executive Director responsible for Business Board of BDMG
He has Bachelor’s degree in Mechanical Engineering from the Federal University of Minas Gerais,
specialization in Economic Engineering from Fundação Dom Cabral in 1981, ​Postgraduation in Public
Administration from The George Washington University in 1997 and Master of Business Administration MBA in Organizational Management from IBMEC in 2002.
Main Activities
Vianna, Carlos
Fernando da
Silveira
Carlos Fernando has held several positions in BDMG, in which: Manager of Technology
Development Department; Manager of Technology and Environment Department and General
Manager of Innovation Advisory of the Presidency.
He was also Member of the Credit Committee; Member of the Board of BHTec Administration Technology Park Association of Belo Horizonte/MG; Member of the Internal Investment
Committee of FUNDEPAR - Fundep Participações S.A. and Member of the Thematic Committee
on Innovation ABDE - Brazilian Association of Development Financial Institutions.
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Attachments
Curriculum Vitae
04
Executive Director responsible for Planning and Development Board of BDMG
Doctor in Economics from the Federal University of Minas Gerais.
Main Activities
Technician and supervisor of the regional office of Inter-Union Department of Statistics and
Socioeconomic Studies - Dieese in Minas Gerais.
Professor and researcher at various institutions such as Methodist University of Piracicaba (SP),
Camargo,
Otávio Silva
Pontifical Catholic University of Minas Gerais (PUC / MG) and Faculty of Economics of the Federal
University of Minas Gerais (FACE / UFMG).
Office Chief of the Presidency.
Director of the Brazilian Industrial Development Agency – ABDI, under the Ministry of Development,
Industry and Foreign Trade - MDIC, where he worked on industry studies and the preparation and
implementation of the Greater Brazil Plan (PBM), industrial policy for the period 2011-2014.
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Attachments
Curriculum Vitae
04
Executive Director responsible for Finance and Credit Board of BDMG
He earned a PhD in Industry and Technology Economics from Federal University of Rio de Janeiro in
2002.
Main Activities:
Vice Technical Director of the Directorate for Public Policy Analysis (FAD) of Getulio Vargas
Foundation – FGV.
Bezerra, Rogério
Sobreira
Associate researcher at FGV Energy.
Executive director of MINDS - Multidisciplinary Institute for Development and Strategy.
Economic and Tax analyst at the National Association of Open Market Institutions (ANDIMA later
Anbima).
Researcher at the Brazilian Institute of Social and Economic Analyses – IBASE.
He has a extensive bibliographic production and is the author and/or coauthor of 22 (twenty two)
complete articles published in scientific journals, seven (7) published and/or organized books and
21 (twenty-one) chapters of published books.
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Attachments
Curriculum Vitae
04
Executive Director responsible for Risk and Corporate Management Board of BDMG
Graduated in Law from the UFMG, specialist in Economics and Business Law from FGV, certified in
International Business Law from the University of California/Irvine.
Main Activities:
She has developed activities as a lawyer in the areas of Business, Contracts, Litigation and Legal
Duarte, Carolina
Marinho do Vale
Studies in BDMG.
She worked in the Legal Assistance in BDMG for two years, was a senior lawyer in 2012 and
took over the General Management of Legal Affairs in 2013.
She was a member of the Board of Directors of AFBDMG and president of the Permanent
Bidding Committee.
She is currently a permanent member of the Special Commission of Taxation and Tax and
Chairman of the Board of DESBAN .
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Contact
Leonardo Leão
[email protected]
+ 55 31 3219 8551
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