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.
Turkish daily Taraf accused of ‘spying’ and ‘terror acts’ for publishing state document
Daily Taraf, which published a document from a 2004 National Security Council (MGK) meeting about a state action plan against the activities of Islamic scholar Fethullah Gülen’s movement, has been charged with “spying” and “terrorism,” in an investigation launched by the Istanbul Public Prosecutor.
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Turkish Gov’t Seizes 965 Gülen Movement Affiliated Firms With $11.3 Billion Worth
Turkish Deputy PM Nurettin Canikli said on Friday that the Turkish government has seized 965 companies which were affiliated to the Gülen movement. The value of assets belonging to companies seized by the Turkish state during the ongoing state of emergency is also announced as nearly 41 billion Turkish Liras, around $11.3 billion.
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Ottawa urged to expedite residency process for those fleeing oppression in Turkey
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President Gul says debates over prep schools should not lead to ‘resentment’
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