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.
Nobody believes that the mass culling and reassignment of up to 10,000 public officials (most from the police department and the judiciary and many of whom are mid-level and senior personnel) so far by embattled Prime Minister Recep Tayyip Erdoğan has anything to do with what the government purports is a fight against a “parallel structure,” a veiled reference to members of the Hizmet movement inspired by Islamic scholar Fethullah Gülen.
US says it does not consider Gülen movement a terror organization
The U.S. has stated that the country does not consider the movement of U.S.-based Islamic scholar Fethullah Gülen a terror organization, a position which stands in contrast with the latest decision taken during a Turkish National Security Council (MGK) meeting on the movement.
Zaman journalists defy threat of arrest with heads held high
Scattered across a newsroom producing Turkey’s largest-circulating newspaper, the Zaman daily, journalists from the Feza Media Group remain confident while waiting for police officers to come and handcuff them.
Gulen Slams Turkey Crackdown Before Erdogan Demands Extradition
The exiled cleric accused by Turkey of orchestrating last year’s attempted coup charged President Recep Tayyip Erdogan with seeking to silence critics, as the Turkish leader prepared to push for the preacher’s extradition in a White House meeting with Donald Trump.
Turkish community leader in Hampshire condemns Russian ambassador’s assassination
“We are shocked and deeply saddened to learn of the tragic assassination of Russia’s Ambassador to Turkey, Andrei Karlov, who was speaking at an art gallery in Ankara,” said Eyup Sener, chairman of the Turkish Cultural Center New Hampshire. “We condemn in the strongest terms this heinous act of terror. No terrorist act can be justified, regardless of its perpetrators and their stated purposes.”
Hizmet and current political debates in Turkey
The Journalists and Writers Foundation (GYV), whose honorary chairman is well-respected Turkish Islamic scholar Fethullah Gülen, released a statement on its website on Thursday explaining the stance of the Hizmet [service] movement (also know as Gulen movement) inspired by Gülen as a civilian one with no political ambitions. The association’s statement comes in response to […]
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