Corporate Governance Rating Report

Our Bank has signed an agreement with JCR Eurasia Rating, which is an authorized rating agency operating under the license of the Capital Markets Board of Turkey (“CMB”) in accordance with the Corporate Governance Principles issued by the CMB, on 14.07.2021 for a period of one year. As a result of JCR Eurasia Rating’s assessment for 2021, our Bank’s Corporate Governance compliance score has been increased to 9.79 from 9.77 (over 10) and the outlook has been revised up to Positive from Stable.

The rise in ‘Public Disclosure and Transparency’ sub-section in 2021 has increased the Bank’s overall compliance score. Considering the positive contribution of the Board of Directors Diversity and Compliance Policy published on 08 July 2021 and the female representation target in the Board of Directors of 25% by the end of 2025, the outlook of the main section of the Board of Directors of the Bank is “Positive”.

The Bank managed to maintain high level of compliance previously attained in the main sections of Shareholders, Stakeholders and Board of Directors. The Bank's overall Corporate Governance Rating is determined, in compliance with the relevant regulations of the CMB, under the weighted four sub-sections. Compliance levels in each of the four main sections with comparison to the previous year are as below.

MAIN SECTIONS WEIGHT DEC 11, 2020 DEC 10, 2021
Shareholders %25 9.67 9.67
Disclosure and Transparency %25 9.76 9.85
Stakeholders %15 9.86 9.86
Board of Directors %35 9.81 9.81
Corporate Governance Overall Score   9.77 9.79

Please click here to access 2021 Corporate Governance Rating Report prepared by JCR Eurasia Rating.

Please click here to access 2020 Corporate Governance Rating Report prepared by JCR Eurasia Rating.

Please click here to access 2019 Corporate Governance Rating Report prepared by JCR Eurasia Rating.

Please click here to access 2018 Corporate Governance Rating Report prepared by JCR Eurasia Rating.

Please click here to access 2017 Corporate Governance Rating Report prepared by JCR Eurasia Rating.

Please click here to access 2016 Corporate Governance Rating Report prepared by JCR Eurasia Rating.

Please click here to access 2015 Corporate Governance Rating Report prepared by JCR Eurasia Rating.

Please click here to access 2014 Corporate Governance Rating Report prepared by JCR Eurasia Rating.