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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The family that owns Dogan Holding has long been influential in Turkey’s secular establishment and ran afoul of Mr. Erdogan’s Islamist-based A.K.P. Party in 2009. With the company targeted again and fearful of losing more assets, the newspaper Hurriyet is widely seen as pulling punches to appease Mr. Erdogan by firing journalists and quashing even mildly critical news stories.
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Mr. Gulen has reiterated his clear stance on democracy, in the wake of the coup attempt in Turkey. Here is what he had said back in June 1994: “I believe, from now on, both in Turkey and in the rest of the world, there will we no going back from democracy.”
Former US Ambassador Ricciardone: Hizmet members not terrorists
Former US Ambassador to Turkey Frank Ricciardone has said that the US government does not regard members of faith-based Hizmet movement as terrorists.
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