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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In the aftermath of Turkey’s attempted, and failed, coup, Washington is primarily concerned about the future of the U.S.-Turkish alliance and its central objective these days: the fight against Islamic State (ISIS). In particular, U.S. policymakers are concerned about the fate of U.S. access to the Turkish airbase at Incirlik, from which assets used in […]
Why was Mr. Gulen’s name brought up in the coup attempt in Turkey?
Fethullah Gulen: He (Mr. Erdogan) has always had a reaction to those who do not obey him since the beginning. As I previously expressed in other occasions, maybe, he was concealing some of his feelings.
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