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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Gulen-inspired school raided by Turkish diplomats, Turkish soldiers in Afghanistan
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Secular Turks may be in the minority, but they are vital to Turkey’s future
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Is the Hizmet movement statist or populist?
In the last three years the AK Party established their new “center” with the new statism away from the periphery. The Hizmet movement viewed this change as a new centralization and thus a new statism and tutelage with new political and capitalist actors. Due to this change in attitude, the Hizmet movement broke faith with Erdoğan and the AK Party.
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