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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Gülen urges Hizmet members to defend prep schools in civilized way
Turkish Islamic scholar Fethullah Gülen has urged followers of the Hizmet movement to insist on the “right and logical” and defend prep schools, which the Turkish government has said it will shut down despite tremendous public outrage. In a speech broadcast by herkul.org, a website that usually publishes his speeches, Gülen said not insisting on […]
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