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.
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In the wake of the coup attempt, President Recep Tayyip Erdogan of Turkey has conducted widespread purges of perceived adversaries. As a result, every university dean in Turkey was forced to resign. Some experts have raised questions about whether the university system will be able to function. The ripple effects to American academics are just starting to emerge.
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Despite a ruling from the Constitutional Court and the Council of State annulling a Justice and Development Party (AK Party) government-sponsored law that required privately owned exam preparation schools in Turkey to be closed down or converted, the Çorum Governor’s Office has ordered the closure of three prep schools as part of the government-led operation against institutions and businesses owned by the faith-based Gülen movement.
Former US Ambassador Ricciardone: Hizmet members not terrorists
Former US Ambassador to Turkey Frank Ricciardone has said that the US government does not regard members of faith-based Hizmet movement as terrorists.
Outgoing chairman proudly admits Istanbul Bar Association refused to serve Gülen followers
The Istanbul Bar Association has turned down sympathizers of the Gülen movement who requested lawyers for their hearings in the post-coup trials, the outgoing president Ümit Kocasakal said on Saturday.
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