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.
Future of political islam: lessons from Turkey, Egypt
The eruption of protests across the country in the summer of 2013 were a result of the AKP’s increasingly authoritarian governing style. Rather than reading these protests as a public expression of discomfort — and taking the recent corruption charges seriously before declaring them a conspiracy against the government by the rival Gulen movement — the government is currently pushing legislation within parliament that will not only abolish the separation between the judiciary and the executive but which will completely consolidate the judicial and executive powers at the hands of the government.
Erdoğan hampers girls’ education [by shutting down prep schools run by the Hizmet movement]
Adalet Binici, a 14-year-old Kurdish girl in eighth grade, became the champion in last year’s Level Determination Examination (SBS), a high school placement test administered by the Turkish government to over a million students nationwide, thanks to the supplementary education and training provided by a prep school run by the Hizmet movement that is inspired by education-savvy Islamic scholar Fethullah Gülen.
Religious freedom threatened by Turkey’s response to coup
From his self-imposed exile in Pennsylvania, Gulen has disavowed any association with the coup attempt. “My philosophy — inclusive and pluralist Islam, dedicated to service to human beings from every faith — is antithetical to armed rebellion,” Gulen wrote for The New York Times.
Money trail in corruption case
The fact that the government practically stalled the investigation with a major reshuffle of the judiciary, police, watchdog agencies that track money, and finance and banking activities, while pushing emergency laws through Parliament to prevent further investigations and leaks, casts a shadow on how far the Erdoğan government had gone in these dirty deals.
Erdoğan calls on people to show no mercy to Gülen movement
Amid an ongoing witch-hunt targeting the faith-based Gülen movement, President Recep Tayyip Erdoğan on Saturday called on people to not show mercy to the movement, saying the pitiful will be pitied, the state-run Anadolu news agency reported.
Over 30 Turkish diplomats, families seek asylum in Germany
Nearly three dozen Turkish diplomats and family members have claimed asylum in Germany over alleged affiliation to the network of US-based opposition leader Fethullah Gulen, whom the government in Ankara claims to have masterminded the failed July 15 coup attempt.
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