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.
The recent debate on tutoring centers and private prep schools and the shocking revelations on the dirty warfare used in the 1990s against the Kurdish population are certainly parts of this pressure-cooker-like mood. It is obvious that “Erdoğan’s Way” of running the country is based on keeping tension just under control, so that it will serve his own ambitions to cement personal power.
Gulen, Erdogan and democracy in Turkey
Previously, most observers had wrongly assumed that these groups were inherent allies because of their faith-based worldview. In sharp contrast to this misperception, these groups came from entirely different pasts and political orientation, although they share a common interest in free market economy and cherished upward socio-economic mobility.
Finally, an awakening… press freedom in Turkey
Yavuz Baydar “…notes with concern that most media are owned by and concentrated in large conglomerates with a wide range of business interests ; reiterates its call for the adoption of a new media law addressing, inter alia, the issues of independence, ownership and administrative control…” The excerpt is from the European Parliament Resolution on […]
Claims about TİB plot to libel Hizmet spark massive reaction
Jurists and politicians reacted harshly to a claim in an email by an anonymous whistleblower from the Telecommunications Directorate (TİB), the agency responsible for carrying out legal wiretaps, that there is a conspiracy to bring the Hizmet movement under suspicion of infiltrating TİB.
US professor urges Washington not to extradite Gülen to Turkey
An American professor from Columbia University has urged Washington not to extradite Turkish Islamic scholar Fethullah Gülen to Turkey, noting that attacks on Gülen are part of a pattern to silence dissent.
Turkey overshadows war-hit Syria in number of academics seeking asylum elsewhere
The New York-based Scholar Rescue Fund, a part of the Institute of International Education (IIE) has received an unprecedented number of requests for help, its director Sarah Willcox told an audience at the European Association for International Education’s annual conference, held in Liverpool from 13 to 16 September, Times Higher Education (THE) reported.
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