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.
It is not normal that the non-political Gülen movement would occupy such a central space in election campaigning; this is why the situation calls for some special scrutiny.
For first time, Fethullah Gülen curses purge of police officials in emotional speech
Fethullah Gülen has cursed those responsible for a purge of police officials involved in a corruption investigation. Turkish PM Tayyip Erdoğan has called the detention of scores of people seen as close to the government a “dirty operation” aimed at undermining his rule. Erdoğan has refrained from naming Gülen as the hand behind the investigation and he referred to an “illegal gang within the state” and systematically purged officials, including journalists in public broadcasters.
Rethinking the state-people relationship [in Turkey]
We all know that Turkey has to solve a number of critical problems to become a democratic, pluralist and transparent state that is ruled by law. It would be a good start to ask who is going to have priority in the country: Is it the people or the state? Once you put the people at the center, rather than the state, then you have to accept that no way of life can be imposed on people.
Latin American firms seek Turkey investments at TUSKON meet
A total of 80 businesspeople from 10 Latin American countries met in Turkey’s Kayseri province on Tuesday to discuss investment and trade opportunities with local counterparts in a new “trade bridge” event held by the Turkish Confederation of Businessmen and Industrialists (TUSKON).
Turkey introduces new decree law to seize all Gulen-related companies
Thanks to a new decree law released as part of the state of emergency declared late on July 20 following a failed coup, Turkey’s government is now set to seize all the Turkish companies owned by businessmen somehow linked to the US-based Islamic Scholar Fethullah Gülen.
The AK Party versus the Gülen Community
MUSTAFA AKYOL These days, the hottest topic in Turkey is the growing tension between the AKP (Justice and Development Party) government and the Fethullah Gülen Movement, a powerful Islamic community with millions of followers and a large civil society presence. In fact, these two powerful forces, “the party” and the “the community,” used to be […]
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