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.
Ex-AK Party deputy Özdalga: Gov’t wants to make judiciary subordinate to executive power
“The issue is not only about corruption, it is also about the independence of the judiciary and the separation of powers, things at the heart of the democratic regime. There is no democracy without these,” says Haluk Özdalga, who was a member of the ruling party since 2007 until his recent resignation.
Don’t be fooled by Hizmet conspiracy theories
The March 31 opinion article by London-based attorney Robert Amsterdam (“Why should Turkish cleric Fethullah Gülen operate charter schools on US Military bases?”) that appeared on The Hill’s Congress Blog was as flawed in content as it was in character. In his piece, Mr. Amsterdam, a henchman for the Turkish government who has made a […]
Bank Asya fights back against Erdogan attack
The government’s 10-month attack on Bank Asya has seen its share price slump by 50%, with the stock periodically prevented from trading on the Borsa, Istanbul’s stock exchange. The turmoil surrounding the bank has seen the failure of an agreed deal with the Qatar Islamic Bank, and an unwanted government-led attempt by state-owned deposit bank Ziraat, which recently created an Islamic unit, to absorb the privately owned Bank Asya.
Black propaganda websites granted legal shield
Circles close to the Justice and Development Party (AK Party) government have been accused of conducting a large-scale black propaganda war against the Hizmet movement, which was inspired by Turkish Islamic scholar Fethullah Gülen; media outlets close to the movement; and journalists critical of the government.
Turkish Deputy PM rules out ‘ill will’ against Gülen community, unveils prep school draft details
Deputy Prime Minister Bülent Arınç has announced September 2015 as the deadline for the “transformation” of private examination prep schools (dershanes) into private schools, while denying that the move represents hostility toward the “Hizmet” (Service) movement of Islamic scholar Fethullah Gülen. Speaking after a 7.5-hour-long Cabinet meeting on Dec. 2, Arınç also announced January 2014 […]
Nubuwwat symposium starts with rejection of suicide bombing, terrorism
A three-day international symposium launched on Sunday in İstanbul with the theme of nubuwwat (prophethood) has started with a message that a true believer of Islam cannot become a suicide bomber. Speaking at the opening ceremony of the 10th edition of the symposium focusing on the teachings of prominent Islamic scholar Bediüzzaman Said Nursi, Deputy […]
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