Financial and Banking News
IDB's Foreign Trade Financing in Decline
The Islamic Development Bank (IDB) has reported a 19% drop in its net incometo ID34mn ($44mn) for its 1407 fiscal year, ending on 24 August 1987. The fallcomes as a result of a 31% drop in the IDB's principal source of income, itsrevenue from foreign trade financing, which accounted for 57% of gross income in1407 compared with 67% the previous year. The volume of foreign trade...