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.
The wounds Prime Minister Recep Tayyip Erdoğan is suffering as a result of a war waged against the Gülen movement in connection with the corruption and bribery probe are becoming clear. Whether or not Erdoğan has become more authoritarian is now less debatable; it is a concrete fact rather than a perception.
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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 […]
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