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.
Grand stage shows by Turkish Olympiad students enthrall İzmir locals
İPEK ÜZÜM, İSTANBUL Students coming to Turkey from all around the globe for the 11th International Turkish Olympiad — a festival that celebrates the Turkish language and which this year has brought together 2,000 students from 140 countries — fascinated thousands of locals in İzmir with their stage performances on Sunday night. A very large […]
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Complaints over the past month from the Turkish Confederation of Businessmen and Industrialists (TUSKON) over increased political pressure and profiling of its members have now been conveyed to Parliament, with the CHP demanding a governmental explanation on the issue.
A new Exilic Community: The Hizmet Movement
After the alleged military coup that failed, the Islamic-rooted government forced hundreds of thousands of faith-based community members out of Turkey, causing a massive diaspora of Turkish citizens (deprived, however, of their citizenship) around the world.
Ayan: Halkbank operated like Iran’s Central Bank
“The extent of this operation is far beyond the reach of the cemaat [the Hizmet movement],” [“The extent of this operation is far beyond the reach of the cemaat [the Hizmet movement],” Famous Turkish investor Nasrullah Ayan said. He thinks, rather, that powerful international groups could have pulled the trigger or provided technical support to the probe. He pointed to the fact that the operation was launched after the agreement between Iran and the P5+1 nations in Geneva — which gave Iran partial relief from a harsh regime of
‘Mission impossible’ for Turkey’s ambassadors
Erdogan has placed an extremely heavy burden on Turkey’s ambassadors. The same ambassadors for many years have been under instructions to promote the schools and activities of the Gulen movement as Turkey’s “biggest and most effective lobbying operation” and to support them.
CHP leader calls on PM Erdoğan for explanation on action plan against Gülen movement
Republican People’s Party (CHP) head Kemal Kılıçdaroğlu has called on Prime Minister Recep Tayyip Erdoğan to explain why he signed a National Security Council (MGK) decision in 2004 recommending an action plan against the Gülen movement. “The fact that Erdoğan has [avoided] speaking on such an important matter proves his culpability,” Kılıçdaroğlu argued, accusing the government of hypocrisy.
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