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.
The turmoil in Turkey – The terror threat is real and is made worse by Erdogan’s paranoia
Mr. Erdogan’s own Islamist and autocratic tendencies have also compounded the country’s vulnerability. Since an attempted coup last summer, the President has purged thousands of police officers and soldiers, and the resulting talent and resources gap may have damaged Ankara’s counterterror capabilities.
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The Jabhat Fatah al-Sham organization (formerly the al-Nusra Front) claimed to be responsible for Monday’s murder of Russian Ambassador Andrey Karlov’s in Ankara. Turkish Foreign Minister Cavusoglu had even told his US counterpart John Kerry that both Turkey and Russia “know” that the Gulen movement was behind the ambassador’s murder.
GYV awards peace projects in İstanbul ceremony
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Losing rationality in politics and the economy
Turkey has a weak record of institutionalization. Despite the “We are a big state” narrative, today, Turkey’s political model is simple: the leader and the nation. Lacking effective institutions that can accommodate political fluctuations, crises of various calibers can harm Turkey’s stability easily.
Al Arabiya: Gulen confident US will not extradite him
In an exclusive interview with Al Arabiya News Channel, Turkish cleric Fethullah Gulen said he was confident that the United States will not extradite him. “The United States has a reputation in the world as a country that upholds the rule of law. So I trust they will follow the proper procedures,” Gulen told Al Arabiya’s New York Bureau Chief Talal al-Haj.
Fethullah Gülen suggests Turkish coup attempt could have been staged
Islamic cleric who has been blamed by Turkey’s president for the coup attempt on Friday evening gives a rare interview and suggests that the event may have been staged by the Turkish government as a way to shore up power and excuse further arrests of those who oppose Recep Tayyip Erdoğan
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