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.
According to Bugün columnist Adem Yavuz Arslan, some newspapers, such as Akit, use very harsh language against the Hizmet movement in the prep school debate. Arslan wrote that newspapers are free to criticize things, but the criticism cannot be made as a form of revenge. The right to open a prep school is a democratic right, Arslan said.
17th TUSKON trade summit sees 25,000 B2B meetings
The 17th edition of the Turkey-World Trade Bridge summit, organized by the Turkish Confederation of Businessmen and Industrialists (TUSKON), saw 1,160 foreign and 1,000 Turkish businesspeople discuss partnerships in an estimated 25,000 separate meetings on Thursday. The first day of meetings at the event brought businesspeople from a number of sectors, including textile and machinery, […]
Supreme court calls on AK Party’s Şahin to substantiate claim about Gülen
The Supreme Court of Appeals has asked a senior Justice and Development Party (AK Party) official to hand over any evidence regarding his allegations about US-based Turkish Islamic scholar Fethullah Gülen amid claims by the official that a judge at the high court had acted contrary to legal procedures and contacted Gülen before issuing his final verdict in a case against a businessman several years ago.
Turkish imams spied on Gülen sympathizers in Romania as well
A report published by The Black Sea news website on Saturday revealed that imams from Turkey’s Religious Affairs Directorate (Diyanet) spied on people sympathetic to Turkish Islamic scholar Fethullah Gülen and the movement he inspired in Romania as well.
The Mystery of Turkey’s Failed Coup
In my research, I have been on the inside living with his followers while teaching English at one of the schools. Religion is not taught. It is not in the curriculum. The idea that these are jihadist madrases, or that Gülenists are extremists or terrorists is beyond absurd as anyone who knows them will attest.
WaPo publishes editorial from Fethullah Gulen on the day Erdogan meets Trump
If nothing else, the timing of this is certainly interesting. Yesterday, Turkish President Recep Tayyip Erdogan arrived in Washington for his meeting with President Trump scheduled for later today. It’s an encounter which I already described as problematic at best, given Erdogan’s new status as a strongman and tyrant, and it doesn’t seem to hold the promise of much benefit on our part.
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