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.
Turkey has a terror problem. The Islamic State, Kurdish extremists and radical leftists each pursue targets inside Turkey seemingly with impunity. Turkey is no stranger to terrorism, but for decades it managed to control the problem. Turkey’s security forces were efficient. Today, however, the situation has changed. Turkish President Erdogan has purged the military, the police, and intelligence professionals.
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“Once, a wolf drinking water from the river notices a lamb by the water and runs towards him. He is planning to eat up the lamb. But to block any likely help and to shift the blame onto the lamb by psychological pressure and thus eat it up comfortably, the wolf says, “Why did you […]
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What a decade and a half of AKP experience has shown is that the problem with democracy in Turkey has deep social roots that go way beyond the political power struggles on the surface. Both an authoritarian political culture and conservative social values inhibit the emergence of a pluralist democracy. In the last decade, Muslim conservative elites have shown little interest in establishing a fully fledged democracy. This is not surprising: democracy is largely understood by most Turks to be just about elections.
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