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.
ABDÜLHAMİT BİLİCİ 18 May 2012 If we were to give a title to an article discussing the problems most heatedly debated in Turkey, I think the best option would be “Woes of transitioning from an empire to a nation-state.” It has been no easy task to transform a multi-faith, multi-lingual and diversity-dominated empire into a […]
Liberia: Turkish School to Remain Open
The Government of Liberian says the Turkish Light International School System remains a private institution of learning in Liberia and enjoys all the privileges provided all educational institutions operating in the country until it concludes an investigation into allegations that operators of the school here were linked to a failed coup in Turkey.
Lynching of the Hizmet movement by the hand of the state
The community [the Hizmet movement] is being lynched, and the state is using its power to do it. The same tactic has been used in the claims of mass wiretapping. The prosecutors involved in the investigation have denied the claims, but the black propaganda campaign has been going on for two days.
Turkey’s Erdogan and July 15 coup
Like many autocratic leaders, Erdogan was quick to blame members of opposition and sympathizers of Gulen Movement for the coup attempt. He particularly singled out the United States-based Turkish cleric, Fethullah Gulen as the mastermind of the coup, even when it is on record that the highly-respected cleric publicly condemned the coup when it was still on.
Ex-diplomats detained over Gülen links subjected to severe torture, says deputy
Some 20 former employees of the Turkish Foreign Ministry who were among 100 detained last week are being subjected to heavy torture, according to claims raised by a member of the Turkish Parliament.
Why Erdogan Snubbed Biden
What is going on in Turkey right now reminds me very much of the last few scenes in the first Godfather movie, where Michael Corleone is settling all of the Family’s outstanding business. Corleone is seen in church renouncing “Satan and all his works” while he participates in the baptism of his nephew—shortly before garroting the baby’s father, Carl.
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