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.
Turkey seizes billions of dollars worth 691 companies over alleged ties to Gülen movement
The state-run Savings Deposit Insurance Fund (TMSF) has announced that a total of 691 companies, some of whose assets are worth billions of dollars, have been seized by the government due to alleged links to the faith-based Gülen movement. The government has been confiscating the private property of non-loyalist businesspeople without due process on unsubstantiated charges of terrorist links.
Turks Fleeing To Greece Find Mostly Warm Welcome, Despite History
Now, at least 1,000 Turkish citizens are seeking refuge in Greece, according to the refugee support nonprofit SolidarityNOW. It’s hard to pin down an exact number because not many have applied for asylum, says Antonis Spathis, a human rights lawyer in Thessaloniki. The Greek Asylum Service told NPR that 186 Turkish citizens applied for asylum in 2016 and noted there has been a “significant” increase in 2017.
Turkish govt begins massive deportation of Nigerian students
The Turkish government is in a drive to deport all Nigerian students at universities linked to Fethullah Gulen’s Hizmet movement. Gulen is an Islamic cleric whom President Erdogan of Turkey considers as his strongest rival. After the botched July 15 coup, Erdogan launched a massive crackdown on the investments of Gulen’s followers. He blamed Gulen for the coup, but he has denied the allegation.
Tension should be reduced
Both sides [Hizmet movement and the AK Party government] see this rift as a matter of life and death. If you are in a struggle for existence, you do your best to attack the other side, but by doing so, you make mistakes, damage yourself and the other side.
Turks mobilize to join solidarity campaign for Bank Asya
The government-led assault to sink Turkey’s largest Islamic lender, Bank Asya, due to its affiliations with the Hizmet movement, has stirred a public movement, with thousands of people rushing to deposit money with the bank to aid its struggle for survival.
Turkish Gov’t gears up to boost mutual trade with Ghana to $1 bln
GAMZE GÜL, İSTANBUL Economy Minister Zafer Çağlayan said on Wednesday at a forum organized by TUSKON that the government is gearing up to increase the mutual trade volume with Ghana from $550 million in 2012 to $1 billion in the next two years. Speaking to participants at the Turkey-Ghana Trade and Investment Forum organized by […]
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