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.
1-year-old baby with cancer held in Mardin prison with mother: former HDP deputy
Avşin Usanmaz, a one-year-old baby with brain cancer, has been held in a prison in Mardin province with his imprisoned mother.
Bank Asya mandates Goldman for strategic partnership
Bank Asya said on Wednesday it has mandated Goldman Sachs as its financial advisor for a strategic partnership, without providing further details.The Islamic lender made the announcement in a filing with the İstanbul stock exchange.
Turkey: A climate of fear; losers in the aftermath of the coup attempt
Turkey at large will lose as Erdoğan chooses the retaliatory path and purges relentlessly, splitting the country into supporters and adversaries. A climate of fear and indignation will envelop not only the many institutions that were hit hard, but Turkey in general, and the Middle East will suffer even further than it is already suffering.
Islam, terrorism and the media
We unfortunately live in an unfair world. Injustice is so ubiquitous that we can categorize it based on our neighborhood, our city, our region, our country and the world. Any kind of injustice, discrimination or otherization — such as social injustice, class injustice, inequity in income distribution and a lack of equal opportunities in education, business and social mobility — may rear its ugly head at any moment in our daily life. Not only the cases of social injustice we encounter in our daily life, but also the sentiments of rage and revolt stemming from national or international injustice may trigger reactions that are against the nature of people who normally have psychological integrity.
Friends of Hrant slam gov’t attempt to associate Dink murder with Gülen movement
A group called Friends of Hrant Dink, including lawmakers and activists, has harshly criticized the government’s recent attempt to associate the Dink’s murder with the Gülen movement, inspired by the teachings of Turkish Islamic scholar Fethullah Gülen, calling on authorities to expose the real criminals behind the murder.
Escape from Turkey’s parallel reality
As a law-abiding citizen, I knew I had done nothing wrong to be stopped at the border. But in Turkey being a journalist from Zaman media group was enough for me to be considered an “enemy of the state.” And I was the editor-in-chief of Today’s Zaman which had been brutally taken over a few days earlier, earning me a suspended jail sentence for my tweets criticizing then-Prime Minister Ahmet Davutoğlu.
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