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Denver-based CoBank is a cooperative bank serving agribusinessesw and rural utilities throughout the United It is a member ofthe U.S. Farm Credit During the first nine months of net interest income rose 42 percentto $672 from $474 million in the same period a year earlier, official said. Total loans and leases outstandingwere $43.1 billionb at Sept. 30, compared to $40.5 billion at year-endc 2007. The bank saw solid growth in loans to internationalk and corporate finance customers as well as to affiliated associationss and other strategic partners inside the FarmCrediy System.
Loan volume in the bank’s Communications Energy BankingGroup -— which serves communications and water service providers acrosz rural America — grew to $10.y6 billion, a 22 percenf increase since the beginning of the year. Growth in thesr areas was partially offset by a decline in loanas to commercialagribusiness customers. Commercial agribusiness lendinbg decreased 23 percentfrom Dec. 31, 2007, to $10.6 billion, due to typical seasonal declineas in demand as well as recent drops in commodit pricesfor grains.
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