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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The government’s attempts to shut down Turkish schools abroad which are affiliated with the Hizmet movement, inspired by the teachings of Turkish Islamic scholar Fethullah Gülen, have been severely criticized by opposition members and diplomats.
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TUSKON foreign trade summit opens Central Asia’s doors
ABDULHAMİT YILDIZ, İSTANBUL The trade summits organized by the Turkish Confederation of Businessmen and Industrialists (TUSKON) are a good way to establish new business contacts between entrepreneurs, thus creating new investment opportunities for businessmen. Hatemoğlu, a leading textile company, for instance, found a Kyrgyz distributor during the first edition of the Turkey-Eurasia trade summit last […]
Strategic defamation by Stratfor
Abdulhamit Bilici, March 18, 2012 (originally published on September 2, 2010) A few weeks ago, an American researcher by the name of Reva Bhalla came to visit us upon a reference from a good friend of ours. He told us that he was researching political inclinations in Turkey on behalf of the Stratfor intelligence firm. […]
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