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.
Former Turkish President Gül denies having any relationship with the Gülen movement or Fethullah Gülen but history tells…
In his answers, Gül denied having relations with neither the Gülen movement nor Fethullah Gülen. But, history tells the opposite: Gül attended many activities of the Gülen movement; he even hosted, in his official residence, students of Turkish schools from many countries during a Turkish Language and Culture Olympiad.
Opposing the majority
Turkish Prime Minister Recep Tayyip Erdoğan has said his ruling Justice and Development Party (AK Party) will not back down from its decision to close prep schools, despite ongoing discussion on the matter and deepening polarization over the government’s move. Only 21 percent of people polled support the government’s move, according to a survey conducted by Mak Danışmanlık (Mak Consultancy).
11th Turkish Olympiad opens with grand ceremony in Ankara
İPEK ÜZÜM A grand inauguration ceremony was held at 19 Mayıs Stadium in Ankara on Saturday night for the 11th International Turkish Language Olympiad, a festival that celebrates the Turkish language and this year brought together 2,000 students from 140 countries around the world. The 11th Olympiad, which is organized by the International Turkish Education […]
PM threatens business, media and civic groups amid corruption woes
In several veiled references to the Hizmet movement, inspired by Turkish Islamic scholar Fethullah Gülen who has been critical of the government for trying to derail the corruption investigation, the prime minister claimed that the operation was orchestrated by “gangs” and a “parallel state.”
Scapegoating: Turkish PM again blames Gülen movement for worsening economy
As the Turkish lira plunged even further on Friday, Prime Minister Binali Yıldırım claimed the Gülen movement was responsible for the deterioration in the country’s economic outlook. According to Yıldırım, “separatists” and sympathizers of the Gülen movement are working hard to ruin the Turkish economy in the eyes of the world.
German intel expert says, based on CIA, BND reports, Erdoğan was behind failed coup
German intelligence expert and author Erich Schmidt-Eenboom has said Turkish President Recep Tayyip Erdoğan, not the faith-based Gülen movement, was behind a failed coup attempt in Turkey on July 15, 2016 based on intelligence reports from the US Central Intelligence Agency (CIA) and the German Federal Intelligence Service (BND).
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