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.
It is no secret that Prime Minister Recep Tayyip Erdogan has grown wary of the so-called Gulen movement, a faith-based network centered on the charismatic preacher Fethullah Gulen that promotes a mild and modern understanding of Islam. Started in the 1960s, it now runs or influences, through its adherents, a large network of businesses, think tanks, newspapers and television stations — as well as a successful chain of tutorial colleges and private schools.
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