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.
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President Erdogan needs a victory so he can prove to the public and supporters that Fethullah Gulen was behind the failed coup and therefore get him extradited, says Ibrahim Dogus, the founder of the Center for Turkey Studies in London.
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The Turkish schools abroad should top the list of the global brands Turkey has produced. It’s not easy for a brand to make a name for itself. Sustainability matters as much as other qualifications do. There have been so many enterprises that started to fade from the very beginning. In this respect, the Turkish schools have been our international brand that keeps the bar highest in their work all the time.
Erdoğan now at odds with once-closest ally
Those who have an interest in Turkish politics may have been a little confused for the last few weeks, observing the row between Prime Minister Tayyip Erdoğan’s Justice and Development Party (AK Parti) government and the social movement of religious scholar Fethullah Gülen, or the “Hizmet” (Service) movement as they preferred to be called. The row is over the closure of private prep schools (“dershane” in Turkish).
Gülen’s speech broadcast live for first time after website banned
A speech by Turkish Islamic scholar Fethullah Gülen, who lives in Pennsylvania in self-imposed exile, was broadcast live on YouTube and a number of stations for the first time on Sunday, after Turkey’s state-controlled Internet watchdog blocked access to herkul.org, a website that previously was used to broadcast his speeches.
Arrested journalist Hidayet Karaca’s letter published in Le Monde
Arrested journalist Hidayet Karaca’s letter detailing the threats that the media in Turkey face was published by Le Monde, one of the leading newspapers in France, on Monday.
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Former Interior Minister Idris Naim Şahin stated that “the government is run by a small oligarchic elite in a way that excludes broad segments of the party constituency and the Turkish people” is very explanatory vis-à-vis Mr. Erdoğan’s shockingly undemocratic and increasingly authoritarian performance over the last two years, since he received 50 per cent of the vote in the 2011 general elections.
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