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Consumer demand for loans increased, the bank said.
Economic malaise in the West has depressed demand for loans.
As the economy recovers slowly, demand for loans remained stagnant.
The banks say there is insufficient demand for loans.
German banks are overwhelmed with deposits, and see continuing strong demand for loans to purchase homes.
A lack of demand for loans by businesses is thought to be the key reason.
"However, demand for loans from the corporate sector remains weak, as confidence is still lacking.
Since demand for loans in Japan is still subdued, they are hunting for borrowers abroad.
This was partly because the banks' rapid retrenchment after 2008 created unmet demand for loans.
Demand for loans is hardly healthy: economic weakness means a dearth of interested and creditworthy borrowers.
Citi is being buoyed by greater demand for loans in Latin America.
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