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.
Dr. Selim Kaptanoğlu, former Nationalist Movement Party (MHP) politician and former doctor of late iconic MHP leader Alparslan Türkeş, said on Tuesday that President Recep Tayyip Erdoğan has replaced the National Security Council (MGK) of the Sept. 12, 1980 military coup by amassing power.
Counterterrorism judge found to be PM’s strong supporter
Judge Yusuf Şahin, who was appointed to the Van Counterterrorism Court in April, shared a photo of the prime minister on Facebook with the tag “Liderlerin lideri Erdoğan” (Erdoğan, leader of all leaders). The judge also posted comments on Facebook praising the prime minister and the ruling Justice and Development Party (AK Party) and leveling strong criticism at Turkish Islamic scholar Fethullah Gülen, the inspiration behind the faith-based Hizmet movement, which works in the fields of education, charity and outreach.
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The problem is that there is a Turkey based on a single identity whose conservative/right-wing tone is more apparent rather than a pluralist vision.
55-year-old leukemia patient says looking after grandchildren as daughter, son behind bars over Gülen links
The 55-year-old mother of an imprisoned Turkish woman said in a Twitter video that she has been left to look after her grandchildren after the Turkish government imprisoned her daughter as well as her son over alleged links to the Gülen group.
AK Party gov’t searches for scapegoat for stalled PKK talks
Having failed to make progress on the settlement process, which was supposed to pave the way for the disarming of Kurdish militants and address long-standing Kurdish demands, the Turkish government has now turned its attention to finding a scapegoat on which to place blame for the stalled talks ahead of national elections slated for June 2015.
Turkey Regulator Demands Bank Asya Information Before Sukuks (1)
Turkey’s Capital Markets Board has asked to be informed of future issues, Cengiz Onder, head of investor relations at Bank Asya, said in a phone interview today from Istanbul. An official at the board, asking not to be named under government policy, said it’s seeking further documentation from Bank Asya before sales can resume, without giving further comment.
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