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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The Office of the Prime Minister has submitted a list of people who are allegedly members of the Hizmet movement to President Abdullah Gül, the Taraf daily claimed on Thursday, as part of widespread government attacks on the movement.
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Turkish Islamic lender Bank Asya has made a cash capital increase on the back of claims that state-owned companies and institutional depositors have withdrawn millions of Turkish Liras of the bank’s total deposits. The lender said it had decided to make a cash capital increase of 33 percent to 1.2 billion liras ($515 million) and was selling an 18 percent stake in retailer Yeni Mağazacılık (A101) for 298 million liras.
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Scholars: Misconceptions of Islam still abound
SEVGI AKARÇEŞME, İSTANBUL The subject of misconceptions of Islam dominated the debates at the international conference organized by the Foundation of Journalists and Authors (GYV) and Fatih University in İstanbul today. The event, titled “The Practice of Coexistence in Islamic Civilization and Contemporary Interpretations,” started on Friday with the participation of international scholars and leading […]
Pro-Erdogan gang leader says will hang all Gülenists
Sedat Peker, a convicted gang leader and staunch supporter of Turkish President Recep Tayyip Erdoğan, said they will hang all people linked to the Gülen movement from flagpoles and trees, the Diken news website reported on Sunday.
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In the aftermath of Turkey’s attempted, and failed, coup, Washington is primarily concerned about the future of the U.S.-Turkish alliance and its central objective these days: the fight against Islamic State (ISIS). In particular, U.S. policymakers are concerned about the fate of U.S. access to the Turkish airbase at Incirlik, from which assets used in […]
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