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.
Bank Asya says it weathers ‘stress test’, still strong
Turkish media say state-owned companies and institutional depositors loyal to Prime Minister Recep Tayyip Erdoğan have withdrawn TL 4 billion ($1.79 billion), some 20 percent of the bank’s total deposits, over the last month to try to sink the lender. The government has declined to comment. Bank Asya’s chief executive Ahmet Beyaz said the bank’s founders included sympathizers of cleric Fethullah Gülen, who officials say is behind the corruption investigation posing one of the biggest challenges to Erdoğan’s 11-year rule. But he said the bank was not at risk.
Turkey’s ‘terrorists’ active in India. But who are they really?
Interestingly, Gulen was once an important ally of President Recep Tayyip Erdogan, and going by his ideology, comes across as a more moderate figure than Erdogan, who has been pushing an Islamic ideology which has little space for secularism. Till very recently, Erdogan’s policy being criticised for allegedly allowing Turkish territory to be used by terrorists.
Fethullah Gulen condemns the coup attempt in Turkey
I condemn, in the strongest terms, the attempted military coup in Turkey. Government should be won through a process of free and fair elections, not force.
Right to dissent in Turkey
The primary reason why members of Hizmet (Service), a faith-based social movement inspired by Islamic scholar Fethullah Gülen, have been attacked, vilified and stigmatized by a government that is dominated by overzealous political Islamists and pro-Iranian sympathizers is that Gülen is standing up to the increasingly authoritarian powers of Erdoğan, who has seized control of the republic’s institutions including the judiciary, leading to increased polarization and tension in Turkish society.
Fethullah Gulen’s Dialogue
In the contextual theology of Gulen, faith is always translated into action in light of the pressing needs of a given society. Islam, thus, becomes a language to speak about human needs and concerns as much as the content of these beliefs are shaped and understood by the prevailing context.
Friends of Hrant slam gov’t attempt to associate Dink murder with Gülen movement
A group called Friends of Hrant Dink, including lawmakers and activists, has harshly criticized the government’s recent attempt to associate the Dink’s murder with the Gülen movement, inspired by the teachings of Turkish Islamic scholar Fethullah Gülen, calling on authorities to expose the real criminals behind the murder.
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