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.
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Prime Minister Recep Tayyip Erdoğan has stepped up his fiery rhetoric against his ally-turned-nemesis, the Gülen movement, criticizing U.S.-based Islamic scholar Fethullah Gülen as the leader of “neo-Ergenekon.”
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The news that Turkey will officially request that the United States extradite Turkish Islamic scholar Fetullah Gulen is threatening to strain U.S.-Turkish relations. Ankara insists Gulen is behind a conspiracy to overthrow the government. But analysts warn that Ankara may find it difficult legally to secure his extradition.
Fate of preparatory courses
Zaman’s Hüseyin Gülerce denied allegations that there is tension between the government and Hizmet movement due to government’s steps to bring an end to these preparatory courses, saying that Hizmet does not own all preparatory course schools in the country. What bothers members of Hizmet is that the government has not given a clear or reasonable explanation as to why they are taking these steps, Gülerce said.
“They won’t believe,” he said
AHMET KURUCAN “They won’t believe,” he said. “They won’t believe that we work for peace and the salvation of humanity. They won’t believe that we endeavor to create an island of peace where all of humanity can live in brotherhood. They won’t believe that you do not have expectations for this world or the next. […]
Turkish investors To Inject Capital Into Ghana’s Economy
The President of the Ghana-Turkey Cooperation and Development Association (TUDEC), Mr Yusuf Temizkan, has disclosed that a prospective investors from Turkey would be arriving in Ghana within the year to inject their capital into the country’s economy. “More Turkish investors have expressed their interest in investing in education, the real estate, construction and manufacturing sectors […]
Erdoğan gov’t abusing regulatory agencies to punish opponents
Pressuring state regulators to abuse their powers, the ruling Justice and Development Party (AK Party) government has mounted an aggressive campaign to punish groups and companies that are critical of the government’s handling of a massive corruption investigation, which has led to questions about the credibility and independence of regulatory agencies in Turkey.
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