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.
Erdogan became quite successful in his two very basic goals right after the coup. First and foremost, for putting all the blame squarely on the Hizmet movement, led by Gulen, and then carrying on a huge cover-up to hide other segments of the coup plotters. The problem is, while he has been quite successful in Turkey – he was not able to convince many in Europe and in the US.
Lawyer Karahan: Hate crimes against Hizmet can be prosecuted at ECtHR, ICC
The Savings Deposit Insurance Fund (TMSF) has taken over management control of some of the privileged shares of Bank Asya as part of a government-operated crackdown on institutions affiliated with the Gülen movement, also known as Hizmet, and shareholders will be filing a lawsuit against the action, but this week’s guest for Monday Talk has said it is likely that the case will end up at the European Court of Human Rights and even at the International Criminal Court.
Did Erdogan STAGE the coup?
‘Government should be won through a process of free and fair elections, not force,” Gulen said. “I pray to God for Turkey, for Turkish citizens, and for all those currently in Turkey that this situation is resolved peacefully and quickly.’ Gulen sharply rejected any responsibility: ‘As someone who suffered under multiple military coups during the past five decades, it is especially insulting to be accused of having any link to such an attempt.
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Turkey’s failed coup and Turkish President Tayyip Erdogan’s subsequent purges of state institutions are reminiscent of the Reichstag fire in Nazi Germany and its use by Hitler to amass greater power, the head of Austria’s far-right Freedom Party said.
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The 11th International Turkish Olympiads, which is a festival celebrating the Turkish language and brings together 2,000 students from 140 countries this year, began in İstanbul on Wednesday. The event began with a news conference held in Atatürk Olympic Stadium attended by the Turkish deputy parliamentary speaker and International Turkish Language Olympiads organizing committee chairman, […]
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