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.
LDP leader says received ‘indecent proposal’ from pro-gov’t paper
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CPJ report: Turkey world’s 10th most dangerous country for journalists
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Fatih University graduates receive Feb. 28-like treatment at İstanbul University
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Expert: I fear that Turkey is headed to a prolonged period of civil conflict if not civil war
He has become a joke, albeit a dangerous one. He has become Muammar Qadhafi. Turkey is dangerously polarized. We know from Turkish political history that such polarization often leads to violence. I fear that Turkey is headed to a prolonged period of civil conflict if not civil war.
Anti-democratic practices after graft probe reminiscent of Feb. 28 era
A number of anti-democratic moves that began after the launch of the corruption probe, including the reassignment of thousands of civil servants, including police officers and members of the judiciary, as well as discrimination against members of the faith-based Hizmet movement, are similar to the events of the Feb. 28 period.
Anatolian Tigers drive Turkey’s silent revolution
ATUL ANEJA The Anatolian Tigers — a new breed of pious businessmen who have risen from the grassroots to fire Turkey’s economic and political transformation — are targeting an entry into the high-technology big league. “We have tasted considerable international success in the areas of manufacturing and trade. Our next challenge is to develop an […]
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