THAILAND: The State Enterprise Policy Office has approved a THB16 billion (US$485.88 million) capital increase for Islamic Bank of Thailand (IBank), reported Bangkok Post. The bank’s capital adequacy ratio (CAR) will revert back to meet Bank of Thailand’s minimum requirement of 8.5% of risk-weighted assets from the current -1%. The capital increase will be carried out in phases with the CAR expected to meet the central bank’s minimum level by late next year.