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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As an external observer, I see a profound rift having taken place between Erdoğan — more than anybody else in the AKP — and the Hizmet movement; and that has much less to do with the power struggle than a resistance to another massive, individual attempt to accumulate power in one person.What has defined Erdoğan’s way with various social segments since 2011 is to alienate, antagonize, suppress and devour. So was his pattern with the dissident Kurds, Alevis, leftists, liberals and now Hizmet.
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Leading Turkish business group, the Turkish Confederation of Businessmen and Industrialists (TUSKON) said on Thursday it will soon file lawsuits against certain government dailies which published allegations of irregularities regarding disputed land in İstanbul.
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