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: A climate of fear; losers in the aftermath of the coup attempt
Turkey at large will lose as Erdoğan chooses the retaliatory path and purges relentlessly, splitting the country into supporters and adversaries. A climate of fear and indignation will envelop not only the many institutions that were hit hard, but Turkey in general, and the Middle East will suffer even further than it is already suffering.
Erdogan regime keeps defamation of the Gülen mov’t, calls it crusader organization
Ruling Justice and Development Party (AKP) Deputy Chairman Yasin Aktay has said the Kurdistan Workers’ Party (PKK), Islamic State in Iraq and the Levant (ISIL) and Gülen movement are crusader organizations that are serving the same purpose.
When lawlessness becomes a way of life
Erdogan also accused the movement of being behind several recent audio recordings posted on various social media networks that disclosed several conversations allegedly between himself and his son Bilal Erdoğan discussing how to get rid of large sums of money cached in their homes and those of their relatives.
Debunking The Gülen-Erdoğan Relationship
Yes, at one time, there had been rapprochement and mutual support, but reality and history show that such an alliance has long been overstated. The truth is, Erdoğan and Gülen only came together when Erdoğan’s stated goals reflected deeply held beliefs by Gülen. As is often the case, perception is mistaken for reality. Gülen is not Erdoğan’s biggest threat, nor was he his chief ally.
Global Spying Network: Erdogan’s Worldwide Monitoring of Gülen Supporters
In his desire to convince the world that Gülen is a criminal, Erdogan has been demanding that the U.S. extradite Gülen for months. That also likely explains why the Turkish government is currently collecting information from all over the world. It needs incriminating evidence in order to substantiate the allegations against Gülen.
ESİDEF: Targets doubled despite intimidation
Federation of the Aegean and Mediterranean Industrialists and Businesspeople (ESİDEF) President Mustafa Çelik said anti-democratic rhetoric and intimidating speeches against the business world in Turkey have motivated them to double their targets.
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