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.
Public ad budget unfairly allocated to pro-gov’t media
Separate sources have suggested that several public institutions prefer pro-government dailies and TV stations over other media, an initiative that follows Prime Minister Recep Tayyip Erdoğan’s statements about “the opposition that cooperates with an international conspiracy seeking to topple the government.”
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At such a time, one would hope for a leader willing and eager to unify his people under the rule of law, to reaffirm democratic values and to address the grievances that motivated the plotters in the first place. So far, Mr. Erdogan seems determined to fail this test of leadership.
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Erdoğan was born to a relatively poor family in Rize, along the Black Sea. His father was in the coast guard and worked at sea. Erdoğan at one point even sold snacks on the street to make extra cash. He graduated from a religious school in 1973, and immediately embarked on a political career, eventually becoming first mayor of Istanbul. So here’s the question: How did a man like Erdoğan become a billionaire several times over?
Nigerian federal gov’t on arrested students: Turkey on a vendetta mission
The Permanent Secretary, Federal Ministry of Foreign Affairs, Ambassador Sola Enikanolaye, has said that the Nigerian students who were arrested in Turkey for an alleged role in the July coup attempt in Turkey may have been paying for the refusal of the Nigerian government to shut down some Turkish schools and institutions in Nigeria.
Erdoğan’s overarching purge is not a road accident
The purge of the Hizmet Movement is what the Kurdish question was to Kemalism, a necessary tool with which to construct a new national identity, a tool to silence those who question it, and to design a social and political system that will foster it. Unfortunately, Turkey has no chance of going back, even to its fragile and dysfunctional democracy, without this narrative being completely rejected.
FM Davutoğlu orders ambassadors to avoid Turkish Olympiads
With only a few months remaining before the 12th Turkish Language Olympiads, Foreign Minister Ahmet Davutoğlu has sent a message to Turkish ambassadors and diplomats serving abroad ordering them not to attend the overseas selections phase of the Olympiads, according to diplomatic sources.
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