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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Erdogan Purge Against Gulenists Could Prove Lucrative
The power struggle between the Turkish state and the Fethullah Gulen-led Hizmet Movement continues to reverberate in Turkey. The number detained, arrested, jailed, and dismissed from their jobs since the July 15 coup attempt has reached well over 100,000, 40,000 of whom have been detained on suspicion of having links with Hizmet. One third of the highest-ranking armed forces officers have been dismissed. Almost every major institution—military, judiciary, media, education, business—has been affected.
Van NGOs: Calling Hizmet movement ‘virus’ and ‘hashhashin’ unnaceptable
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Anatolian Tigers drive Turkey’s silent revolution
ATUL ANEJA The Anatolian Tigers — a new breed of pious businessmen who have risen from the grassroots to fire Turkey’s economic and political transformation — are targeting an entry into the high-technology big league. “We have tasted considerable international success in the areas of manufacturing and trade. Our next challenge is to develop an […]
EU calls on Turkey to Investigate abduction cases targeting Gülen Movement
The European Union (EU) on Thursday said it was closely following developments in Turkey including the abductions of people from the Gülen movement, reminding Ankara of its responsibility to investigate these reported cases.
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