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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Erdoğan distorts Gülen’s NYT op-ed, says it is about Bank Asya operation
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İPEK ÜZÜM/ARİF BAYRAKTAR, İSTANBUL A global trade and investment summit organized by the Turkish Confederation of Businessmen and Industrialists (TUSKON) in İstanbul has seen companies from around the globe ink deals worth millions of dollars in construction and furniture. The Turkey-World Trade Bridge summit, which kicked off on Wednesday, continued with business-to-business (B2B) meetings between […]
Every second a Turkish asylum seeker heads to Germany
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