* ADB says can offer assistance to deal with H1N1 flu

* Eyes $32.9 bln loans in 2009-2010 vs $22.4 bln in 2007-2008

* Establishes new facilities to counter downturn

NUSA DUA, Indonesia, May 2 (Reuters) - The Asian Development Bank (ADB) is prepared to provide assistance for countries in the region to cope with possible spread of the H1N1 flu, as it did during the SARS outbreak, its president said on Saturday.

Haruhiko Kuroda said it would be hard to assess the economic impact of the influenza outbreak on Asia since the region has not been badly affected so far, but cautioned that tourism, aviation and related industries could be hit.

"The swine flu is going to become quite serious, but there is a great uncertainty. At this moment, Asia is not much affected by this new influenza but we must be prepared to take necessary action," Kuroda told a news conference at the start of the bank's annual meeting on the Indonesian resort island of Bali.

The donors and members of the Manila-based multilateral lender begin discussions on Monday.

The World Health Organisation raised its alert level on the influenza outbreak to phase 5 this week, meaning a pandemic is imminent. But although the virus is blamed for the deaths of up to 101 people Mexico, only one death has been reported outside the country. [ID:nN02351116]

"We have had SARS and avian flu few years ago, through this experience, we are well prepared for this kind of communicable disease and ADB would be prepared to provide any necessary financial assistance," Kuroda said.