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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After the [Turkish] government took a new graft probe from prosecutor Muammer Akkaş – a move that could further cast a shadow over the corruption investigation – he told media that the case was taken from him without any reasons being cited, effectively blocking him from doing his job. “All my colleagues and the public should know that I have been prevented from doing my duty,” the prosecutor said in a statement sent to media outlets on Thursday.
Unproven speculations and legitimate questions
Joost Lagendijk* Last week I was able to witness through first-hand experience how difficult it is to explain the Gulen movement outside of Turkey and how easy it is to manipulate public opinion on this issue. It seems the launch of Zaman Vandaag (Today’s Zaman) in the Netherlands last Tuesday triggered several critics to present […]
Bank Asya’s corporate governance rating increases
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.
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Gülen extends condolences to coal mine victims
Turkish Islamic scholar Fethullah Gülen has extended condolences for victims of the coal mine blast in western Turkish town of Soma, wishing speedy recovery for injured workers.
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