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.
The 17th edition of the Turkey-World Trade Bridge summit, organized by the Turkish Confederation of Businessmen and Industrialists (TUSKON), saw 1,160 foreign and 1,000 Turkish businesspeople discuss partnerships in an estimated 25,000 separate meetings on Thursday. The first day of meetings at the event brought businesspeople from a number of sectors, including textile and machinery, […]
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