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 deposit withdrawal was a significant sum, but new deposits worth more than half that amount were placed in the bank, making it possible for us to manage our liquidity,” Beyaz told Reuters in an interview late Jan. 21.
Turkish charities ready to deliver aid during Eid al-Adha
Various Turkish charity organizations have wrapped up their preparations to deliver aid, including sacrificial meat and other forms of assistance, to people in need across Turkey and around the world during Eid al-Adha, an Islamic holiday celebrated by millions around the globe. Turkish charities are especially busy during the Eid al-Adha season, collecting money and sacrificing animals, packaging the meat and distributing it to the less fortunate.
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.
German court fines pro-Erdoğan daily for calling Hizmet movement ‘terrorist’
German media reported on Monday that a court imposed a 250,000 euro fine on the German edition of the Sabah daily for labeling sympathizers of the Gülen, or Hizmet, movement “terrorists.”
TAA to hold annual Turkic American Convention in Washington
SEVGİ AKARÇEŞME, İSTANBUL The Turkic American Alliance (TAA), the largest national Turkic organization in the US, is to hold its third annual Turkic American Convention in Washington, D.C., on March 12-13 in cooperation with the Turkish Confederation of Businessmen and Industrialists (TUSKON). Prior to the convention, leading policymakers from Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkey, Turkmenistan […]
Japanese students assist Syrian refugees in Turkey
A group of Japanese university students and professors recently came to Turkey to provide educational assistance to Syrian refugees, according to Turkish news sources on Tuesday. The volunteer group, which came to Turkey through the agency of charity Kimse Yok Mu, consisted of 15 students and professors from Meiji Gakuin University.
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