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.
Post-coup purge will affect Turkey’s education sector for decades
With more than 120,000 public workers suspended and nearly 40,000 people in prison, the aftermath of Turkey’s failed July 15 coup is being felt across every part of society, including its highest-ranked schools. The day after the coup attempt, 1,577 deans — working at nearly every university in the country — were forced to resign. An estimated 200,000 students were left in limbo after the closure of 15 universities and 1,043 private schools.
TUSKON summit highlights Turkish ‘FTA initiative’
Turkey is preparing to kick start negotiations to ink free trade agreements (FTAs) with a dozen countries, including Japan and Canada, Economy Minister Zafer Çağlayan told a global trade and investment summit held in İstanbul. The Turkey-World Trade Bridge summit, a seven-year-old event on its way to becoming an internationally recognized summit, opened its doors […]
‘Let my husband go to another country, just not Turkey’
Turkish citizen Turgay Karaman fears being deported back to Turkey, his wife Ayse Gul said today. “If his arrest has anything to do with political matters, and if the Malaysian authorities don’t want him here, they can send him to any other country but just not Turkey, because they will torture him there,” she told a press conference after the meeting.
Turkey’s fight against Gülen in the South Caucasus
The Turkish authorities’ fight against real and imagined enemies in the Gülen movement has now reached Azerbaijan and Georgia.
MGK plan in action
A National Security Council (MGK) plan — dated Aug. 24, 2004, titled the “Plan to Crack Down on the Fethullah Gülen Group in Turkey” and undersigned by Prime Minister Recep Tayyip Erdoğan, ministers and military commanders of the time — is already being implemented. Though the government claims it was not put into action, there are several indications to suggest that the MGK plan is in effect.
GYV says claims Hizmet formed political party one big lie
The Journalists and Writers Foundation (GYV), whose honorary chairman is Turkish Islamic scholar Fethullah Gülen, released a statement on its website on Wednesday strongly rejecting claims that the Hizmet movement formed a political party.
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