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.
27th Abant Final Declaration on Democratization of Turkey
Democratization 1- Turkey’s culture is at present characterized by a susceptibility to in-group / out-group tension, the effects of which impede democratization. Authoritarianism and patriarchal hierarchy are aspects of group culture that are reflected at the family level and scaled up to the political level as majoritarian democracy and internally undemocratic institutions. Two basic institutions […]
They busted the house of a deceased teacher to take her under custody
Parents of Didem took a grief-stricken breath when they saw the police squad holding custody document which is written Didem’s name on it and they said “If you want to take her under custody you should go to cemetery. Didem is dead, my son.”
Volunteer teachers saddened by efforts to close Turkish schools
Volunteers teachers, most of whom left behind a better life in Turkey with the hope of promoting universal values of peace, dialogue and peaceful coexistence with others through education at Turkish schools abroad, have voiced great disappointment over efforts by President Recep Tayyip Erdoğan to defame and eventually see these schools close.
European court rules Asya-like seizure of bank unfair
In a decision that could potentially set a precedent for similar cases in Turkey, the Strasbourg-based European Court of Human Rights (ECtHR) on Tuesday ruled that the seizure of the country’s Demirbank in 2001 was unfair.
Bolu municipality builds road inside Hizmet affiliated Fatih College’s garden
The Bolu Municipality, Turkey, having previously closed down two schools belonging to businesspeople affiliated with the faith-based Hizmet movement in early July, has now constructed a road inside the garden of Fatih College, a high school, despite the fact that the school is surrounded by empty plots of land and no residential area exists around the school.
Hizmet and current political debates in Turkey
The Journalists and Writers Foundation (GYV), whose honorary chairman is well-respected Turkish Islamic scholar Fethullah Gülen, released a statement on its website on Thursday explaining the stance of the Hizmet [service] movement (also know as Gulen movement) inspired by Gülen as a civilian one with no political ambitions. The association’s statement comes in response to […]
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