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.
Islamic scholar Gülen calls for ‘reasonability’ in prep school row
Islamic scholar Fethullah Gülen has called on the government to act “reasonably” in its plan to close test prep schools, adding that they were the ones receiving a “slap,” in a veiled reference to a statement from Prime Minister Recep Tayyip Erdoğan. You have to defend it without making concessions in the language you use,” Gülen said in an apparent message to members of the “Hizmet” [Service] movement.
TUSKON summit highlights Turkish ‘FTA initiative’
Turkey is preparing to kick start negotiations to ink free trade agreements (FTAs) with a dozen countries, including Japan and Canada, Economy Minister Zafer Çağlayan told a global trade and investment summit held in İstanbul. The Turkey-World Trade Bridge summit, a seven-year-old event on its way to becoming an internationally recognized summit, opened its doors […]
Rule of law casualty of AKP-Gulen conflict
The AKP government thinks that by labeling corruption investigations and operations as a “coup” and calling those behind them as “parallel state” that it has found a justifiable way to interfere with the judiciary. Otherwise the government would not have submitted a draft bill to the parliament that totally eliminates the functional independence of the judiciary bureaucracy and promotes the minister of justice, who represents the executive branch, to the status of single decision-maker.
Deutsche Welle: Power struggle between old friends in Turkey
Gülen argued that Muslims should work against “the decline of morality” in society, calling for conservative values like faith and family to be put before modern individualism – but always within the existing secular state structures.
Government as a black propaganda machine
In an effort to distract public opinion from the graft probe and the alleged involvement of the prime minister and his inner circle in corruption, Erdoğan has been conducting psychological warfare. Considering the Hizmet movement responsible as the force behind the investigation, Erdoğan declared the movement an enemy.
If you do not stand against injustice
The July 22 operation has shown the meaning and characteristics of the ongoing process that we are experiencing right now. The allegations that serve as the pretext for the July 22 operation will have a boomerang effect, because what we understand from the initial findings of the investigation is that the arguments of the government have been proven to be ungrounded.
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