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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More troubling is evidence emerging that his government is now using the attempted coup as a pretext to round up all manner of troublesome opponents, not just the Gulenists. It is also damaging the fabric of Turkish society and undermining its institutions, including the security forces. That is a dangerous move in a country whose immune system is already weakened by jihadism and which is battling armed opponents on several fronts.
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As you may know, the Justice and Development Party (AKP) and President Recep Tayyip Erdoğan have been able to postpone the Kurdish settlement process they started in 2009 until after the 2015 elections.
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