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.
Gülen says paying price for not supporting Erdoğan’s desire for presidential system
“Mr Erdoğan put pressure on me and Hizmet sympathizers to publicly support his idea of a presidential system. He increased the pressure by supporting government-funded alternatives to Hizmet institutions and then began threatening to close them down,” Gülen stated in a written interview with Nahal Toosi, which was published on Friday. According to Gülen, Hizmet sympathizers are paying a heavy price for their independence.
Erdogan’s Journey – Conservatism and Authoritarianism in Turkey
What happened to Recep Tayyip Erdogan? The Turkish president came to power in 2003 promising economic and political liberalization. But under his rule, Turkey has instead moved in a profoundly illiberal, authoritarian direction, which some feared was Erdogan’s true agenda, given his background in Islamist politics. Rather, Erdogan has become something more akin to a traditional Middle Eastern strongman: consolidating personal power, purging rivals, and suppressing dissent.
President emphasizes importance of domestic peace for development
President Abdullah Gül has underlined the importance of domestic peace for Turkey to keep up its development, noting that the country should not waste its energy by focusing on “unnecessary rumors,” an almost open reference to Prime Minister Recep Tayyip Erdoğan’s defamation campaign targeting the Hizmet movement, a volunteer-based grassroots movement inspired by Islamic scholar Fethullah Gülen.
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Gülen had been charged after the military coups in 1971 and 1980, and again in the late 1990s. Gülen was acquitted of the charges three times.
Once, it was democracy that brought Erdogan and Gülen together
It’s not a war between Erdoğan and [the] Gülen movement. It is a question of whether or not Turkey will be a real democracy.
European Parliament calls for fair trial of suspects arrested in anti-coup operations in Turkey
Members of the European Parliament (EP) discussed developments following the July 15 failed coup attempt in Turkey at a session on Tuesday and stressed the need for the fair trial of suspects who have been arrested on coup charges.
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