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.
CNN’s Ivan Watson looks at Fethullah Gulen, the Turkish cleric living in the US who President Erdogan squarely blames for the deadly failed
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Ihsan YILMAZ July 4, 2012 The Kurdish problem in Turkey has many domestic and international dimensions. It is, of course, impossible to touch upon all of these in a column. Thus, I will look at only a few of these aspects. It is obvious that the Justice and Development Party (AKP) wants to solve the […]
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