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.
Bulgaria, the state sentenced to compensate Turkish journalist
The European Court of Human Rights condemned Bulgaria for the 2016 extradition of a Turkish journalist, hastily handed over to the Turkish authorities who accused him of being part of the Fehtullah Gülen movement, in violation of national and international rules.
Former US envoys to Ankara say Erdoğan doing great harm to democracy
“Whatever his achievements over the past decade, Turkey’s prime minister, Recep Tayyip Erdoğan, is destroying his country’s parlous democracy. That is a profound problem for Turks and Turkey’s Western allies. Staying silent, out of fear that speaking out would harm some short-term interests, risks Turkey’s longer-term stability.”
Police, inspectors raid Gülen-inspired schools in Manisa for 3rd time
Police officers and inspectors from 15 government agencies have raided Gülen-inspired private schools in the western province of Manisa for the third time, as part of a government-orchestrated operation targeting the faith-based Gülen movement, popularly known as the Hizmet movement.
Arbitrary intrusions and dangerous liaisons
If the AKP leader can publicize the mistakes made during the Sledgehammer and Ergenekon trials and convince the public that these were committed by overzealous prosecutors linked to the Gülen movement, it will be easy for him to make a comparison with the corruption allegations against his government.
Turkey Faces Its Iran 1979 Moment
Turkey is at a pivotal point in its history following the failed coup attempt of July 15. President Recep Tayyip Erdogan, having survived the coup plot, won fresh legitimacy and gained a new ally: religious fervor in the streets. Mr. Erdogan can use this impetus either to become an executive-style president, or he can encourage the forces of religion to take over the country, crowning himself as an Islamic leader.
Erdoğan threatens Kosovo PM: You will pay
Turkish President Recep Tayyip Erdoğan on Saturday lashed out at Kosovo Prime Minister Ramush Haradinaj for dismissing the interior minister and the secret service chief over the abduction of six Turkish nationals to Turkey, threatening that he would pay for it.
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