IBANK’s ratings reflect Fitch’s view of a high probability of support from the Thai government, if needed. This is based on the state’s high effective ownership (93.7%) and close control, the bank’s legal status as a specialised financial institution (SFI), strong linkages to the state due to its important public policy role, as well as historical financial support from the state.
IBANK has a unique public policy role of providing Islamic financial services to Thais and domestic businesses and to support government policies, particularly policies related to Muslim communities in southern provinces………………………………………..Full Article: Source