Over more than a decade in power, Brazilian leftist Luiz Inacio Lula da Silva and his handpicked successor used state banks to bolster corporate "national champions" and major sectors their Workers Party saw as essential to the economy.
Lula is expected to retake the presidency in the October election according to opinion polls, but his advisers and private sector financial executives see little space for development bank BNDES or retail banks Banco do Brasil and Caixa Economica Federal to reopen the lending spigot on the same scale as before.
