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.
Kimse Yok Mu officials extend helping hand to Syrian refugees
The Şanlıurfa office of Kimse Yok Mu, a Turkish charity, in cooperation with the Şanlıurfa Governor’s Office, provided food, clothing, blankets and cleaning supplies to 200 Syrian families living in the town of Akçakale on Dec. 21. More than 120,000 Syrian refugees are taking shelter in camps in southern Turkey and more are expected to […]
Turkey coup attempt: Number of people detained passes 26,000 amid international concern over crackdown
Turkish authorities are arresting people for links to the Gulen movement, which denies involvement. The number of people detained by Turkish authorities following the failed coup to oust President Recep Tayyip Erdogan has passed 26,000.
Corruption investigation: Questions that will hound PM Erdoğan
Everyone is wondering now what is behind the corruption investigation, and the first “suspect” to come to many minds is the Islamist Gülen movement. Tensions between this group and the AKP have been rising over the years, and boiled over recently due to the prep-school issue – a matter that has received wide media coverage.
The Gülen movement denies this but the vitriol flying between daily Zaman, which is close to Gülen, and Yeni Şafak, which is staunchly pro-AKP, is enough to give one a sense of the bitter struggle involved.
Erdoğan’s Fight against the Gülen Movement & The Demise of Turkish State Rationality
In a nutshell, Erdoğan’s divisive political rhetoric and his attempts to foster anti-Gülenist sentiments have perfectly served his own political interests within the country, but they have not served the country’s interests in the international arena, as they raise serious doubts about the credibility and rationality of the state as embodied in Erdoğan’s personality.
Belgium firm to sue Turkey over Gülen-linked assets
A Belgian company, Cascade Investments NV, has launched an $80 million arbitration claim against Turkey in the World Bank’s International Centre for Settlement of Investment Disputes (ISCID).
Ethiopian and Turkish Business Tycoons Met
Ethiopian and Turkish business tycoons met here in Ethiopia at the Ethiopian Chambers of Commerce and Sectoral Associations’ office for the purpose of surfing business opportunities in the two countries.
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