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 first adverse effect is related to unemployment. The AKP did not keep its promise to provide jobs at public institutions to all the prep school teachers who are not hired by the new private schools. Only teachers with six years of experience will have the chance of being hired at public schools. Thus, tens of thousands of prep school teachers will definitely lose their jobs since only the large, well-established prep schools can take the financial risks of re-establishing themselves as a new private school.
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Education Ministry sought to profile students, teachers through surveys
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The Shadow Politics of Shadow Education
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