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.
İstanbul’s global summit secures deals worth millions
İPEK ÜZÜM/ARİF BAYRAKTAR, İSTANBUL A global trade and investment summit organized by the Turkish Confederation of Businessmen and Industrialists (TUSKON) in İstanbul has seen companies from around the globe ink deals worth millions of dollars in construction and furniture. The Turkey-World Trade Bridge summit, which kicked off on Wednesday, continued with business-to-business (B2B) meetings between […]
Are Turkey’s Prisoners Hostages?
Rumors have circulated throughout Turkey that, under the guise of averting a prison riot, Erdogan might order his forces to fire on the prisons. It is not a scenario beyond the realm of possibility; after all, the late Libyan dictator Muammar Gaddafi did something similar, killing more than 1,000 political prisoners.
MEP: International investigation into Turkey’s rule of law needed
Schaake stated: “The separation of powers is under immense pressure in Turkey and the rule of law is not upheld. This crisis also impacts the relations between the European Union and Turkey, because measures taken, such as political intervention with the judicial branch, are not in line with European rules. The independence of the judiciary has been a concern for Europe for much longer.
Turkey warns Kazakhstan over Gulen-linked schools
Astana (Kazakhstan) (AFP) – Turkey’s ambassador to Kazakhstan on Friday warned the Central Asian country over its schools linked to US-based preacher Fethullah Gulen, whom the Turkish government blames for this month’s coup attempt.
Turkish charity Kimse Yok Mu drills 1,396 wells in Africa
A total of 1,396 wells have been drilled in 13 African countries since Nov. 1, 2014, as part of a project called “Selsebil Water Wells,” which was launched by Turkish charitable organization Kimse Yok Mu in 2011, in cooperation with Fatih University students and Genç-İz Academy Association members.
Turkish mob boss to gov’t: Why bother with diplomacy? We’ll kill Gülen, his followers
Turkey’s infamous mob boss Alaattin Çakıcı implied in a letter to the Justice Ministry that his mafia network could kill Islamic scholar Fethullah Gülen in Pennsylvania and his senior followers elsewhere in the world. Çakıcı’s letter came weeks after Turkey’s controversial request that the US extradite Gülen.
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