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.
All of the corruption and graft was revealed by the process of December 17-25, 2013. The only way out for the AK Party was to create the impression that it was a conspiracy.
Erdogan may keep winning, but it wont’ do Turkey any good
I don’t believe Ankara is ever really going to stray from its partnership with the U.S., because Turkey simply cannot afford it. The coup — failed though it was — has left the formerly expanding Turkish economy gasping. Credit-rating agencies have lowered the nation’s stock, and the purging of coup conspirators, both real and imagined, has left tens of thousands of crucial private- and public-sector positions empty. Economic growth, meanwhile, is expected to dip.
Overwhelming public response in support of Bank Asya
Solidarity campaigns against the Banking Regulation Supervision Agency’s (BDDK) decision to have the Savings Deposit Insurance Fund (TMSF) temporarily take over the management of Bank Asya have been springing up across the nation.
A February 28 tactic from the PKK
The people of the nation know Gülen, who has spoken for years from the lectern at mosques, and they know those on the other side, too. If the shadows of the weapons cast over these people were only to be lifted, we would see whose side they would stand on.
Zaman daily launches news portal in Kurdish language
The Zaman daily has broken new ground by launching a news portal that will present reports in the Kurdish language.
Turkish parents worried about gov’t plan to shut down study centers
Working parents are extremely concerned with a planned move from the Justice and Development Party (AK Party) government to shut down study centers, where children can spend time after school doing their homework with the assistance of educational professionals, as part of a law that will see private prep schools that help students in preparing for high-school and university tests close.
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