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.
Turkish daily Yeni Akit, with close links to President Recep Tayyip Erdoğan, reported on Sunday that Bank Asya extended loans to certain Turkish-owned companies abroad and failed to collect these loan debts.
Shutting down prep schools against free enterprise, analysts say
“It’s not possible to make out of this behavior befitting a government that defends a market economy,” Seyfettin Gürsel, director of Bahçeşehir University’s Center for Economic and Social Research, told Today’s Zaman. Opponents of the government’s plan have also noted that the prep schools are a consequence of the many inadequacies of Turkey’s education system, and said that prep schools help low-income students enter university.
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Coup attempt in Turkey puts Tulsa Turks in difficult position
Muhammet Ali Sezer, the incoming executive director of the Raindrop Turkish Cultural Center, said it will be impossible for him to return to his homeland unless the political situation improves. “If I go back to Turkey, I don’t know what they will do to me,” said Sezer. He also said he fears for his father and brother who live in Turkey.
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The AKP, Gülen and Feb. 28 coup
İHSAN YILMAZ The Taraf daily uncovered a secret national security document which revealed that the Justice and Development Party (AKP) government in 2004 signed on to a planned crackdown on the Hizmet (Gülen) movement. As Today’s Zaman reported on Thursday: “The Taraf daily published a document on Thursday prepared by the National Security Council [MGK] […]
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