Bank Asya, a leading Turkish financial institution, announced on Sunday that their corporate governance rating had increased in June over its score from last year.
The bank released the figures in an announcement addressed to the Public Disclosure Forum (KAP). According to a recent report prepared by the Capital Markets Board (SPK), Bank Asya’s corporate governance rating increased from 84.20 in June 2013 to 90.85 in June of this year.
The founders of Bank Asya are known for being affiliated with the Hizmet movement, inspired by Islamic scholar Fethullah Gülen. News reports circulated earlier this year indicating the government had attempted to sabotage the bank, as corporations with close ties to Prime Minister Recep Tayyip Erdoğan withdrew upwards of TL 4 billion from their accounts, accounting for nearly one-fifth of the bank’s deposits.
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Row between Turkish government and Gülen movement heats up with new document
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Turkish Deputy PM rules out ‘ill will’ against Gülen community, unveils prep school draft details
Deputy Prime Minister Bülent Arınç has announced September 2015 as the deadline for the “transformation” of private examination prep schools (dershanes) into private schools, while denying that the move represents hostility toward the “Hizmet” (Service) movement of Islamic scholar Fethullah Gülen. Speaking after a 7.5-hour-long Cabinet meeting on Dec. 2, Arınç also announced January 2014 […]
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