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.
Students visiting Turkey bid one another a teary farewell
Students who came to Turkey about four weeks ago to compete in the 11th International Turkish Olympiad — a competition in which Turkish speakers from around the globe recite poetry, write essays and sing songs — bid one another teary farewells during the Olympiad’s closing ceremony in İstanbul on Sunday night. The 11th International Turkish […]
What Erdogan and Khomeini Have in Common
The Turkish secular elite who have long feared an Iranian-style theocracy in their own country may finally be seeing the worst of their fears come true. The widespread purges under President Recep Tayyip Erdogan following last month’s failed coup attempt against his government suggest the Turkish state is moving toward authoritarian Islamist rule of the sort that Iran introduced in 1979.
Filipina, infant freed from Turkish jail, but…
The Filipina mother who forcibly was separated from her infant and detained in Turkey for weeks has been released. But their reunion is being cut short by her deportation, in the crackdown following a failed coup in which she had no part. Information is being withheld from Karen’s lawyer and the Philippine Embassy staff assisting her. Forcible separation of an infant from her mother is a humanitarian concern.
In Turkey today, mother who delivered baby yesterday detained
Fadime Günay, who delivered a baby yesterday has been detained today. Although she was in hospital to give birth, police awaited at the hospital to detain her. She was brought to the courthouse with her one-day-old baby and her mother.
Is Gulen the scapegoat of Ankara crisis?
Turkey is where it is today, not because of Gulen and the Hizmet Movement but rather as the product of a change of heart in the current government leadership, flushing good governance and tolerance components from the country’s management affairs running systems. Solution to the Ankara crisis can only be found through establishing its root cause rather than finding a scapegoat.
40-day-old baby, mother under police custody for 4 days: opposition deputy
A Turkish woman who gave birth to her baby 40 days ago, has been kept under police custody along with her newborn over the past four days, according to main opposition Republican People’s Party (CHP) deputy Sezgin Tanrıkulu.
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