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.
You can’t achieve democracy through military coup – Islamic scholar
“Once again, the Turkish media, under government control or pressure, is circulating horrific rumours, this time about a supposed second coup attempt in the works, supposedly prepared by my sympathizers with the backing of the United States. Such rumours are unfounded and irresponsible,” Gülen said.
Bank Asya says it weathers ‘stress test’, still strong
Turkish media say state-owned companies and institutional depositors loyal to Prime Minister Recep Tayyip Erdoğan have withdrawn TL 4 billion ($1.79 billion), some 20 percent of the bank’s total deposits, over the last month to try to sink the lender. The government has declined to comment. Bank Asya’s chief executive Ahmet Beyaz said the bank’s founders included sympathizers of cleric Fethullah Gülen, who officials say is behind the corruption investigation posing one of the biggest challenges to Erdoğan’s 11-year rule. But he said the bank was not at risk.
HIzmet centre takes on Erdogan regime
The London-based Centre for Hizmet Studies has accused Turkey’s Prime Minister Recep Tayyip Erdogan and his regime of systematically trying to provoke the followers of the Hizmet Movement into violence and portray the movement as a violent organisation.
Why are they becoming terrorists?
Whatever the reason or the motivation for the horrible terrorist attacks in Paris, it is obvious that it is against the basic principles of Islam and should be strongly condemned by Muslims throughout the world.
Turkey’s once-worldly aims falter, even close allies concerned
Power appears to have gone to the prime minister’s head. Angling to become president in order to extend his rule, Erdogan is foolishly profiling and purging former friends in the Hizmet movement, recently firing hundreds of government employees who are allegedly (no one knows for sure as there’s no evidence) sympathetic to the movement’s founder, Fethullah Gulen
Auditors raid Gülen-inspired private school in Adana with police
In yet another government-backed operation targeting the Gülen movement, tax inspectors from the Finance Ministry on Saturday carried out a raid with police at a private school opened by volunteers of the movement in southern province of Adana.
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