SAO PAULO May 29 The new CEO of Brazil's
development bank said on Monday that the institution should not
act as a "customer service counter" for businesses and should be
run according to national development interests.
Rabello de Castro said that despite the development bank
coming under pressure from credit-starved business leaders after
it imposed tougher terms for loan disbursements, it would not
change its focus, and underscored that all financial
institutions are more cautious during recessions like the one
Brazil has faced for two years.
(Reporting by Rodrigo Viga Gaier; Writing by Tatiana Bautzer;
Editing by Dan Grebler)