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.
University preparatory courses and the Hizmet movement in Turkey
Most (university) preparatory courses (in Turkey) are run by the Hizmet movement, and it is very clear that the government’s steps to close down such courses, an action against the movement, will negatively affect a great number of people. Many analysts said it is impossible for the ruling Justice and Development Party (AK Party), which does not have a good relationship with the Hizmet movement, to close down preparatory courses in the run-up to the pre-election period.
A cami and cemevi together
TUĞBA AYDIN A groundbreaking ceremony for the first cultural complex in Turkey that will have both a cami (mosque) and a cemevi (Alevi place of worship) was held in Ankara on Sunday with the participation of Labor Minister Faruk Çelik, Alevi CEM Foundation President İzzettin Doğan, Republican People’s Party (CHP) Ankara deputy Sinan Aygün and […]
Turkey’s purges are hitting its business class
It is not clear when the government will begin auctioning off seized firms. The risk is that the economy may gradually come to resemble Russia’s, where political loyalty is the price for keeping a slice of the pie. “It is like watching a piece of snow roll down a mountain,” says a veteran civil servant ousted in one of the purges. “You think it won’t hit you, until you realise it’s becoming an avalanche.”
Woman detained during visit to imprisoned husband on Valentine’s Day
İ.A.O. was detained when she stopped by the Trabzon prison on Valentine’s Day in a bid to visit her husband H.O., who had been earlier jailed as part of the government’s post-coup witch hunt. The couple’s 6-year-old son, Y.O. was left under his relatives’ care and İ.A.O was ultimately arrested by a court ruling.
Who are these pro-Erdogan mobs who even beheaded a soldier?
Hours after the failed coup attempt, pro-Erdogan mobs flooded the streets of Turkey. They behead soldiers, storm military headquarters. But who are they?
Gülen extends condolences to coal mine victims
Turkish Islamic scholar Fethullah Gülen has extended condolences for victims of the coal mine blast in western Turkish town of Soma, wishing speedy recovery for injured workers.
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