Governance Principles Compliance Rating of Albaraka Turk Increased to 9.12

Regional Economy 20.05.2021, 13:32
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Governance Principles Compliance Rating of Albaraka Turk Increased to 9.12

Albaraka Turk's corporate governance compliance rating has increased to 9.12, while the bank's score in public disclosure and transparency has become 9.30, and in stakeholders section 9.22.

According to the statement made by the bank, the Corporate Governance Rating Report prepared by DRC Rating (Due Diligence & Rating Company) has been completed. Following the examination conducted according to certain headings, namely shareholders, public disclosure, transparency, and board of directors, Albaraka Turk's corporate governance compliance rating was announced as 9.12 out of 10.

Albaraka Turk's relations with stakeholders are also above local standards

In the report stated to be in high compliance with the legislation, articles of association, and internal regulations created to ensure the use of the rights of the shareholders of the partnership, it was emphasized that the relations with the stakeholders managed in line with the policies determined within the framework of corporate governance principles were also above local standards. In the report, where the public disclosure and transparency score of the bank was evaluated as 9.30, the score in the section of stakeholders was 9.22.

We continue to be a participation bank that adds value for all our stakeholders

Melikşah Utku, General Manager of Albaraka Turk, whose opinions were included in the statement, said, "We continue our activities in line with corporate governance principles. As a reflection of these steps that we have been taking, the ratings we have received by the independent rating agency DRC Rating continue to rise. We continue to be a participation bank that adds value for all our stakeholders. In the upcoming period, we will continue to work in line with the same principles and create more value for our country, our people, and our sector".

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