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.
Medical scholar branded a ‘terrorist’ by Turkey over his alleged links to a US-based cleric is named head of an institution in Texas. Professor Tekalan is a former rector of Istanbul’s Fatih University.
Gov’t closes schools instead of resolving education problems
The Ministry of Education and the ruling Justice and Development Party (AK Party) government have been focusing on closing down private prep schools for university preparation (dershanes) and Turkish schools abroad instead of spending its energy on resolving critical problems in the Turkish education system, experts say.
Why does Öcalan need to approach the Gülen movement?
Emre Uslu The Turkish public has recently been discussing Kurdistan Workers’ Party (PKK) leader Abdullah Öcalan’s peace offer to the Gülen movement. Many observers saw this as a surprise step from Öcalan. Last week I had the chance to speak with both Kurdish politicians and followers of Gülen in the Southeast. Unlike widely believed rumors, […]
Turkish Teachers In Kazakhstan Fear Going Home
Despite promises by Nazarbaev not to return Turkish citizens to Turkey, the country’s bureaucracy is throwing up roadblocks to make it possible to stay in Kazakhstan. Political scientist Aidos Sarim accuses low-level bureaucrats of failing to follow Nazarbaev’s orders.
Survey shows Turkish gov’t seized at least $11 billion of company assets over Gülen links
Turkish government has transferred about 49,4 billion liras ($11 billion) of assets of 1,124 companies seized from those who have alleged affiliation to the Gülen movement to a special fund under a crackdown that began following a controversial coup attempt on July 15, 2016.
EU and Turkey’s rights abuse
How did Turkey plunge into this mess of freedom suffocation, and what has really gone wrong with the once-admired President Erdogan ? While I keep pondering on these questions, I believe it is not too late for the Turkish government to retrace its steps and embrace full democratic norms.
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