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.
The Turkish secular elite who have long feared an Iranian-style theocracy in their own country may finally be seeing the worst of their fears come true. The widespread purges under President Recep Tayyip Erdogan following last month’s failed coup attempt against his government suggest the Turkish state is moving toward authoritarian Islamist rule of the sort that Iran introduced in 1979.
Guest post: Turkey and the problem of political continuity
Erdogan has not only replaced thousands of suspected Gulenists in the police force and the judiciary. He has also sought, with mixed results, to make the Supreme Board of Judges and Prosecutors directly accountable to the government.
Clash of two Islams in Turkey
Mr. Gulen and the movement which takes his name are rooted in the mystical tradition of Islam and focus on education and social and cultural projects while Mr. Erdogan is an advocate for political Islam and its desire for political power.
Islamic scholar Gülen offers condolences for those killed in Dağlıca attack
Turkish Islamic scholar Fethullah Gülen has offered his deep condolences to the families of the soldiers killed in a terrorist attack in Dağlıca in Hakkari province on Sunday, while expressing his belief that the people of Turkey will defeat terrorism by maintaining their solidarity.
Erdogan purge far worse than the McCarthy era
What is happening in Turkey right now makes the McCarthy era in the US look like a picnic. When communists were targeted under McCarthyism they were blacklisted; hundreds were jailed, and many were compelled to leave the country. In Turkey it is not communists, but Gulenists. Anyone remotely associated with the Gulen movement is being rounded up and jailed – not by the hundreds, but by the tens of thousands.
Erdoğan calls on US to extradite Gülen in return for jailed US pastor in Turkey
Turkish President Recep Tayyip Erdoğan has called on the US to extradite Turkish Islamic scholar Fethullah Gülen in return for releasing American pastor Andrew Brunson, who has been jailed in Turkey since October 2016.
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