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.
Current developments are disturbing. It does not take an oracle to guess that when the elections get even closer, the country will move further towards insanity if Erdoğan does not change his stance on a number of issues and cease his ferocious rhetorical tactic of designating every critic a traitor. Hrant Dink was assassinated as a result of such a campaign of hate.
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“Nate Schenkkan is with Freedom House and an expert on Turkey. He says Gülenists have been left jobless, with no chance of restarting their careers. “For the vast majority of the people in the Gülen movement, it’s quite clear. They had nothing to do with any of this, whether it’s the coup attempt or any other kind of violence,” he said.
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