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.
With dangerous and discriminatory language, PM Erdoğan exploits anti-American and anti-Israeli sentiment in Turkish society to demonize his opponents. Can Erdoğan win this game? If Erdoğan were confident enough about the corruption case, maybe he could. Instead of letting justice run its proper course, he used his political power to intervene in the judiciary and police forces. This must be considered the most important indicator of his fall.
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