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.
Fethullah Gülen stated a few days ago that he made a mistake by supporting the Justice and Development Party (AKP) during the 2010 referendum campaign. Even though, as of today, I do not think that supporting the constitutional amendment package was wrong in itself, it seems that this package has paved the way for the AKP’s growing semi-despotism.
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[VIDEO] Turkish philosophy teacher says wife had to give birth at home due to Erdogan’s witch-hunt
A Turkish philosophy teacher, named Yasin, has said in a video documentary that his wife had to give birth to their 4th child at home due to an arrest warrant the government issued against them over their suspected ties to the Gulen movement.
METIN ARSLAN The Supreme Court of Appeals has upheld the acquittal of Fethullah Gülen, first issued by the Ankara 11th High Criminal Court. The 9th Criminal Chamber of the Supreme Court of Appeals reached the decision unanimously, stating that there was no inconsistency in the ruling of the 11th High Criminal Court, adding that it […]
The fall of democracy and predicament of political Islam in Turkey
Hizmet is one of the world’s leading civil society movements. The threatening remarks and the derogatory discourse of Erdoğan against Fethullah Gülen and the Hizmet movement is totally at odds with democratic norms and principles.
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