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.
ŞAHİN ALPAY One of the great advantages of Turkey, surely, is the dominance of religious scholars who have promoted conceptions of Islam promoting peace, socio-economic development and democracy. In this context, contributions of Said Nursi (1878-1960), a Kurd from Bitlis, and Fethullah Gülen, a Turk from Erzurum, are surely exceptional. In Turkey hopes for an […]
Clash of the Anatolian Tigers
Gulen-associated businesses inside Turkey have already been “punished.” Several pundits have told Al-Monitor they do not expect TUSKON-related businesses, particularly Asia Bank, to survive another year.
To save itself, Turkish govt stabs hard-won democracy
“I don’t want to say that – but this is an executive coup over judiciary,” lawmaker Bal said. He noted that blaming the graft scandal on a “parallel state” – a phrase Erdogan often employs to describe his alleged opponents within the state – significantly damages Turkey’s reputation.
Gülen’s lawyer to sue daily Sabah over black propaganda
Gülen’s lawyer, Nurullah Albayrak, will file a legal complaint in Ankara against the daily on Monday for violating the confidentiality of communication according to Article 132 of the Turkish Penal Code (TCK) and for insult according to Article 125 of the TCK.
Who is Fethullah Gülen?
The leader of the main opposition Republican People’s Party (CHP), Kemal Kılıçdaroğlu, rightly called it “a coup against democracy” when Zaman Editor-in-Chief Ekrem Dumanlı and STV network executive Hidayet Karaca, together with a number of screenwriters and television producers, were detained on Dec. 14 on the incredible charges of founding or belonging to “an armed terrorist organization aiming to seize the sovereignty of the state.”
Picture of Turkish president Erdogan as Hitler projected onto Berlin embassy
A picture of Turkish president Recep Erdoğan dressed as Hitler has been projected onto the walls of the country’s embassy in Berlin. ‘We as Germans know what happens in the early stages of a dictatorship’, the artists who projected the message have said.
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