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.
Post-coup purge will affect Turkey’s education sector for decades
With more than 120,000 public workers suspended and nearly 40,000 people in prison, the aftermath of Turkey’s failed July 15 coup is being felt across every part of society, including its highest-ranked schools. The day after the coup attempt, 1,577 deans — working at nearly every university in the country — were forced to resign. An estimated 200,000 students were left in limbo after the closure of 15 universities and 1,043 private schools.
Worldview: No evidence, no extradition of Pa. cleric to Turkey
That’s the claim of Turkish president Recep Tayyip Erdogan, who is demanding that the United States extradite Fethullah Gulen, a 77-year-old Turkish cleric living on a 26-acre retreat in Saylorsburg, whom he blames for orchestrating the failed coup.
Five global challenges: how might Hizmet respond?
Hizmet, the social movement inspired by the neo-Sufi thinker Fetullah Gülen, is currently being dismembered by the autocratic president of Turkey, Recep Tayyip Erdogan. He accuses Gülen of ordering a coup attempt on 15th July 2016, saying it was was led by Hizmet members in the army.
Pro-Erdogan gang leader says will hang all Gülenists
Sedat Peker, a convicted gang leader and staunch supporter of Turkish President Recep Tayyip Erdoğan, said they will hang all people linked to the Gülen movement from flagpoles and trees, the Diken news website reported on Sunday.
Once They were Brothers – Bir Zamanlar Kardeştiler
Kanter himself has faced legitimate threats from Erdoğan’s government. In 2017, Kanter escaped Turkish agents in Indonesia while working at a basketball camp for his foundation. He was detained in Romania for several hours and Turkish authorities had already cancelled his passport, making him a stateless man. Eventually, he was able to return to the United States, but not without a Turkish arrest warrant and a four-year prison sentence.
Bank Asya shares surge after Turkish election results
The AK Party’s failure to secure enough votes to form the government reflects on the stock market, with the politically-seized Bank Asya’s shares observing a 10.75 percent increase at opening on Monday amidst an overall drop in Borsa Istanbul.
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