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TOKYO (Reuters) – Asian companies' obligation for resource has soared since the March 11 seism and tsunami, with the country's crowning threesome banks sight a surge in newborn give requests, lenders said on Sunday.

Companies are streaming to bonded player finance to bushel alteration to their dealings in the areas worst-hit by the hardship as well as money their day-to-day dealings mass start in income amid output disruptions, the banks said.

Japan's crowning threesome banks, Sumitomo Mitsui Banking Corp, Mizuho Corporate Bank and Bank of Tokyo-Mitsubishi UFJ hit received requests for newborn loans totaling 2.6 1E+12 yearning ($32 billion) over digit weeks, said the banks.

The amount includes 1.4 1E+12 yearning in crisis assets wanted by Yeddo Electric Power Co (9501.T) the cause of the sick Fukushima nuclear being northerly of Tokyo. Even excluding that number, requests were streaming at most quaternary nowadays the customary levels, the banks said.

The crowning threesome banks and field consortium banks are in talks to provide up to 2 1E+12 yearning in crisis loans to TEPCO, sources said last week.

Sumitomo Mitsui is the set unit of Sumitomo Mitsui Financial Group (8316.T), Mizuho Corporate Bank is a unit of Mizuho Financial Group (8411.T) and BTMU is the set commercial banking unit of Mitsubishi UFJ Financial Group (8306.T).

Commercial essay issues also jumped by more than 50 proportionality in the prototypal hebdomad after the disaster, with newborn offers totaling most 1.1 1E+12 yearning and rates for one- to two-month essay rising above 0.2 proportionality from 0.11 proportionality before March 11, the Nikkei business regular reportable on Sunday.

In the weeks mass the disaster, the Bank of Nihon has been pumping achievement amounts of assets into the banking grouping to secure that assign keeps liquid to affected businesses and it has also accumulated its purchases of commercial paper.

LOAN DEMAND LIKELY TO INCREASE

Japanese banks had been suffering inactive disposition obligation as households and businesses remained cagy on outlay amid prolonged deflationary trend. Bank disposition fell 1.8 proportionality in February, the 15th period of decline, the Bank of Nihon accumulation shows.

Awash with deposit money, the banks had been purchase up Asian government bonds to make up a start in profit from lending.

"We hit been approached by companies which had not necessary our loans up until now. We are very probable to accept pretty such every of these give requests since most of these companies are those we wanted to hit business with," said a source at one of the crowning banks, who declined to be named.

Including the crisis disposition for TEPCO, BTMU said it has received letter for most 700 1000000000 yearning in newborn loans, Mizuho said it has been asked to provide most 900 1000000000 yearning in total.

Officials of SMBC were not immediately acquirable but a source said the bank had requests for most 1 1E+12 yearning in newborn loans, including 600 1000000000 for TEPCO.

While the banks said they did not hit comparative numbers, the give requests - modify excluding that by TEPCO- scarred a move from regular years, at least quaternary or fivesome nowadays super in volume, though the process was not as dramatic as in the aftermath of the collapse of Lehman Brothers.

The amount is equal to 3 proportionality of the overall unpaid loans to field corporations by these banks, said the Nikkei, which reportable the surge in the disposition request.

The amount give obligation is probable to be bigger since the banks said their figures were from super joint clients only and those from diminutive and mid-sized businesses hit not been counted.

Nikkei cited officials at companies considering player funding, such as Renesas Electronics Corp (6723.T), Taiheiyo Cement Corp. (5233.T), whose plants hit been damaged by the hardship and All Nippon Airways Co (9202.T), energising for a modify in obligation for its traveller and load services.

($1 = 80.985 Asian Yen)

(Additional news by Tomasz Janowski)

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