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.
ŞAHİN ALPAY Colleagues and friends ask me, “What is the reason for the feud between the government and the Gülen movement and between Prime Minister Recep Tayyip Erdoğan and Fethullah Gülen?” This is, briefly, my response. In Turkey the demand for education is very high. Universities are unable to meet the demand and there are […]
Türksat removes Zaman, 3 others from ad list
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Bank Asya shares skyrocket after trading resumes
The Islamic bank has been in the spotlight since Turkish media reported that state-owned companies and institutional depositors loyal to Prime Minister Recep Tayyip Erdoğan had withdrawn TL 4 billion ($1.8 billion), or some 20 percent of the bank’s total deposits, because the bank’s founders include sympathizers of cleric Fethullah Gülen, a former-ally-turned-critic of Erdoğan.
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What are the golden kids of the Turkish Olympiads doing now?
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‘Hiç Durmadan Hizmete Devam’: Turks Decry Erdogan Decision Via #HiçDurmadanHizmeteDevam
Connor Adams Sheets The Turkish phrase “Hiç Durmadan Hizmete Devam” went viral on Twitter Thursday afternoon via the #HiçDurmadanHizmeteDevam hashtag, as Turks around the globe decried Turkish Prime Minister Recep Tayyip Erdogan’s refusal to reconsider his decision to close the country’s private “prep” schools. “Hiç Durmadan Hizmete Devam,” loosely translated as “do your service without stopping,” is a […]
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