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Denver-based CoBank is a cooperative bank serving agribusinessex and rural utilities throughout the United It is a membe r ofthe U.S. Farm Credit System. During the first nine months of 2008, net interesy income rose 42 percentto $672 million, from $474 millioj in the same period a year officials said. Total loans and leases outstandingwere $43.q1 billion at Sept. 30, compared to $40.5 billioh at year-end 2007. The bank saw solif growth in loans to international and corporate financer customers as well as to affiliatedx associations and other strategic partners inside the Farm Credit System.
Loan volume in the bank’s Communicationas & Energy Banking Group -— whicb serves energy, communications and water service providerzs across ruralAmerica — grew to $10.5 billion, a 22 percenf increase since the beginning of the Growth in these areas was partiallh offset by a decline in loanz to commercial agribusiness customers. Commercial agribusinesds lending decreased 23 percenrtfrom Dec. 31, 2007, to $10.
6 due to typical seasonal declinee in demand as well as receny drops in commodity pricesfor
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