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 asked Pakistan to crack down on institutions run by US-based cleric Fethullah Gulen, who Ankara believes was behind the failed coup against President Erdogan. But many Pakistanis do not want to follow along.
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The involvement of religious figures in the public discourse has been a part of the American political scene for decades. It did not make the United States a theocracy then, and it does not make it now.
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Islamic scholar Fethullah Gülen, who has inspired the popular civic and social movement called Hizmet, called for the respect of diversity in Turkey, expressing his concern over growing polarization in society.
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In practice, a revised constitution would make it much easier for Erdogan to consolidate power entirely, taking Turkey out of the democratic column and making it into a dictatorship, pure and simple.
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Ekrem Dumanlı was arrested on December 14, part of a series of coordinated raids by Turkish authorities against a number of prominent media figures, all facing charges of belonging to a terrorist “parallel organization.” The organization in question? Fethullah Gülen’s outlawed Hizmet movement.
Tears and sadness as Turkish people pack up to leave Pakistan
“I know I can’t do anything to persuade the federal government to take back its decision of expelling the Turkish teachers and their families from the country,” a senior Pakistani teacher told PTI. “I must say last Friday was the saddest day in our campus in Lahore as all Turkish students were literally crying,” she said.
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