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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BÜLENT KENEŞ As Turkey slows down its democratization and liberalization reforms, and occasionally backpedals on certain reforms, it runs into more serious problems. In particular, the slowdown in the democratization reforms Turkey is supposed to implement within the context of its European Union membership bid results in the deterioration of existing rights and freedoms. The […]
A battle for power in Turkey faces resistance in Senegal
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Asked about the prime minister’s claims of the existence of a “parallel state” or the Hizmet movement behind the investigation, the professor said, “These are not claims that are based on concrete information or documents.”
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Ekrem Dumanlı was arrested on December 14, part of a series of coordinated raids by Turkish authorities against a number of prominent media figures, all facing charges of belonging to a terrorist “parallel organization.” The organization in question? Fethullah Gülen’s outlawed Hizmet movement.
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