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.
Those who believe they were wrongfully sacked can apply to a special commission to have their case reviewed and either be reinstated or compensated. The commission has “failed to uphold international standards and is acting as a de facto rubber stamp for the initial flawed decisions,” Andrew Gardner, Amnesty’s Turkey strategy and research manager, said.
Turkey’s first private Arabic station starts to broadcast
Hira TV will also feature Samanyolu TV, which has been broadcasting programs in Arabic for almost 20 years. Hira TV CEO Yusuf Acar said the new channel’s target audience is families, adding: “Through cultural and scientific TV programs, we will appeal to all Arab people, including both children and adults. In addition, we will broadcast lectures from Fethullah Gülen, a Turkish-Islamic scholar.”
Turkish finance minister declines to comment on ‘color lists’
Finance Minister Mehmet Şimşek on Tuesday declined to comment on a question about claims that the government recruits public sector employees using “color lists” to avoid people affiliated with groups such as the Hizmet movement and critics of the government.
AK Party vs. Cemaat?
Ali Ünal Of the many seemingly true claims that have been put forward in regards to the discussions that have come about surrounding the Turkish government’s attempt to close down exam prep-courses, some arguments bear good intentions while others call the Hizmet Movement to “keep quiet” with arguments that lie far from the truth. One […]
Bank Asya mandates Goldman for strategic partnership
Bank Asya said on Wednesday it has mandated Goldman Sachs as its financial advisor for a strategic partnership, without providing further details.The Islamic lender made the announcement in a filing with the İstanbul stock exchange.
With exaggerated details, they explain that they will sell the bottle of “miraculous” liquid they produce from their bags only for TL 100. After a brief bargaining, they put the bottle in your hands only for TL 5. When you get home, you understand that it was nothing but tap water mixed with essence and you get enraged.
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