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.
74 members of the Senate, which has a total of 100 members, signed a document which contains strong language against the violations committed against democracy, human rights and especially the freedom of the press in Turkey.
Turkey’s Changing Freedom Deficit
Erdoğan’s government is by no means the first to compel Turkish citizens to hide their preferences and beliefs. Under the secular governments that ruled Turkey from the 1920s to 1950, and to some extent until 2002, pious Turks seeking advancement in government, the military, and even commerce had to downplay their religiosity and avoid signaling approval of political Islam.
Proof of the ‘parallel state’
Referring to a news story that appeared in the pro-government media about unfounded allegations about the police, Bülent Arınç, the second man in the ruling Justice and Development Party (AK Party), had said, “A dignified person should not speak without evidence.” Arınç’s words are now being used by opposition parties to criticize the prime minister.
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 […]
Public Enemy No. 1: A Visit with Fethullah Gülen, Erdogan’s Chief Adversary
In a meeting at his compound in Pennsylvania, Turkish cleric Fethullah Gülen defends himself against claims made by Turkey’s president that he was behind this weekend’s failed coup. He alleges that power has poisoned Erdogan.
African firms signal increased trade at TUSKON meeting
A total of 127 companies from 11 different countries in East Africa are participating in the Gaziantep summit, which started on Feb. 9 and will run until Feb. 12. The Turkish and African businesspeople held roughly 5,000 bilateral business meetings. TUSKON has intensified efforts to help more Turkish firms branch out into promising African markets over the past five years.
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