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.
This selective application of democratic rights by Turkey’s intelligentsia only helps Mr. Erdogan consolidate his power. In their double standards, he finds tacit approval for his purges. Turkey lacks not only sturdy institutions that guarantee a system of checks and balances and the rule of law, but also a critical mass of citizens with the courage and integrity to demand them.
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No country is safe for Gülen sympathizers, Erdoğan says
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