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.
German ambassador: Berlin does not recognize Gülen movement as ‘terrorist’ group
German Ambassador to Turkey Martin Erdmann has said his country’s judiciary does not recognize the Gülen movement as a terrorist organization and that Turkey should present credible evidence of criminal activity to Germany for the extradition of Gülen-linked individuals.
PM made the wrong choice
Erdoğan put under the spotlight US Ambassador to Turkey Francis Ricciardone by stating: “Recently, very strangely, ambassadors have gotten involved in some provocative acts. I am calling on them from here to do your job. If you leave your area of duty, this could extend into our government’s area of jurisdiction. We do not have to keep you in our country.” These caustic sentences prove that the AK Party has decided to declare a war not only against the Hizmet movement but also to provoke tensions with the US. Since they have opted for a defensive attack strategy, this reaction does not surprise anyone.
70-year-old intending Hajj pilgrim detained on coup charges at airport
A 70-year-old prospective Hajj pilgrim was detained on coup charges at İstanbul’s Atatürk on Thursday night. Kıymet G., who is being held by police, was taken into custody while she was waiting to get on a Turkish Airlines flight for the Muslim holy city of Mecca in Saudi Arabia.
Bank Asya seeks immediate return of ‘hijacked’ management rights
Turkey’s largest Islamic lender, Bank Asya, is demanding that the state-run Savings Deposit Insurance Fund (TMSF) return the bank’s rights to control its management following strong indications that the fund’s decision on Tuesday to take over control of the lender’s board has no legal basis and is politically motivated.
Mother’s Day takes on a new meaning with Kimse Yok Mu
“Mother’s Day”, originated abroad in 1908, has been celebrated annually on the second Sunday of May in Turkey since a proposal by Association of Turkish Women in 1955. Modest celebrations and gifts for our mothers, who are indisputably sacred and dedicated their lives to their children, allow them a meaningful break from the hectic life. […]
Fethullah Gülen on Islam, democracy and freedom of speech
Publishing a book in 2009 about Francis of Assisi’s peaceful encounter with Egypt’s Sultan Malik al-Kamil during the Fifth Crusade led me to meet a lot of people with an interest in improving interreligious relations. Among them were a number of Turkish immigrants who are followers of the Islamic scholar Fethullah Gülen. I observed that through a network of private schools, foundations and media organizations, they have worked very hard to improve Muslim-Christian relations.
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