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.
Hizmet will continue its mission regardless of attacks
Turkish Islamic scholar Fethullah Gülen, who, along with the faith-based Hizmet movement, has been subjected to numerous attacks from Prime Minister Recep Tayyip Erdoğan, has said the movement will continue to perform its mission regardless of circumstances.
TUSKON to gather 2,000 businessmen from all over world in İstanbul
The Turkish Confederation of Businessmen and Industrialists (TUSKON) has organized another Turkey-World Trade Bridge summit, to be held in İstanbul starting Wednesday as nearly 2,000 businessmen from all around the world fly in to attend. Turkish businessmen from a number of sectors, including textiles and machinery, among others, will engage in private meetings with their […]
Tip of the iceberg
BERİL DEDEOĞLU A significant allegation is circulating. Some people claim that the government wants to close prep schools because of a secret deal with the Kurds. They probably suggest that the Kurds are against the education institutions established by those close to Fethullah Gülen’s thinking, and they want to replace these prep schools with Kurdish […]
Erdoğan calls on people to show no mercy to Gülen movement
Amid an ongoing witch-hunt targeting the faith-based Gülen movement, President Recep Tayyip Erdoğan on Saturday called on people to not show mercy to the movement, saying the pitiful will be pitied, the state-run Anadolu news agency reported.
Abant Platform “Africa: Between Experience And Inspiration” Final Declaration
– We, the participants of the 29th Abant Platform Forum on “Africa: Between Experience and Inspiration”, held at Abant/Turkey on 28-30 June 2013, hereby, welcome the initiative of Journalists and Writers Foundation/Abant Platform, for a long and lasting partnership, based on mutual respect, goodwill, compassion and understanding between the Peoples of Africa and the People […]
Prep schools and market rules
The Justice and Development Party (AK Party) government decided recently to close down preparatory schools, establishments that help Turkish students prepare for high school and college entrance exams. In a free market economy, whenever there is a demand for a good or service, its corresponding supply is created naturally; it’s that simple. However, the debate became furious and shifted into the political arena.
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History will record this [AK Party’s attack on Hizmet] as well
