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.
AK Party gov’t behind anti-Hizmet declaration, leaked recordings allege
A joint declaration by a number of civil society organizations to proclaim open support for the government during debates over the closure of dershanes (prep schools) was concocted by the advisors of the Prime Minister Recep Tayyip Erdoğan and some associations were forced to lend their support, according to a number of new leaked recordings.
Fate of Pak-Turk Schools: Erdogan, Jamaat-e-Islami-backed Maa’rif Foundation?
At the heart of the matter is the question of Maa’rif’s credentials to take over the schools instead of its Pakistani management. Turkey is least known for its standard of education. Moreover, the Erdogan-backed organisation is neither experienced in the education field nor apolitical. The organisation is already scared with allegation of child sexually abuse in Turkey.
Auto companies from 27 countries join TUSKON summit
Representatives of automotive manufacturing companies from 27 countries were in the city of Konya on Tuesday to participate in a trade and investment summit organized by the Turkish Confederation of Businessmen and Industrialists (TUSKON).
Predictability in Erdoğan’s Turkey
The most significant damage beleaguered Prime Minister Recep Tayyip Erdoğan has inflicted on Turkey in a frantic effort to rescue himself, his children and close associates from legal troubles amid massive corruption, money laundering and illegal land-zoning deals was a blow to the “credibility” of Turkey and “predictability” in its political and economic environment.
Another dismissed gov’t employee abducted in black van in Turkey’s capital: wife
Yet another post-coup victim was forced into a black van in broad daylight in Turkey’s capital province of Ankara, according to a family member.
Turkey’s Curious Coup – positions of the Turkish Government, Gulen Movement and Turkey’s Western allies
Within days of the coup attempt, James Clapper, the then-Director of US National Intelligence, said that they had not seen any intelligence indicating Gülen’s involvement. Bruno Kahl, head of Germany’s BND foreign intelligence agency, said during an interview in March 2017 that he did not believe Gülen was behind the coup.
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