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.
Education minister calls on African ambassadors to have Gülen-inspired schools closed
Turkish Education Minister İsmet Yılmaz has called on ambassadors of African countries to have their governments close schools affiliated with the faith-based Gülen movement.
Hizmet movement has no political ambitions
The Journalists and Writers Foundation (GYV), whose honorary chairman is well-respected Turkish Islamic scholar Fethullah Gülen, released a statement on its website on Thursday explaining the stance of the Hizmet [service] movement (also know as Gulen movement) inspired by Gülen as a civilian one with no political ambitions. The association’s statement comes in response to […]
Erdogan vs the Gulen movement
A little piece of Turkey sits in Midrand, north of Johannesburg, in the form of the breathtaking Nizamiye mosque – built as a replica of the famous Selimiye mosque of Edirne, with its myriad blue and white tiles. President Jacob Zuma officially opened the mosque in 2012, which was built and funded by the unassuming Islamic philanthropist known as Uncle Ali.
Report reveals closure of prep schools against Constitution
A recently released report by a think tank based in İstanbul has revealed that the controversial law shutting down Turkey’s private prep schools or “dershanes” includes clauses that violate the Turkish Constitution.
33rd Abant Platform: whither Turkey?
In his speech at the opening of the first session, Prof. Seyfettin Yuksel said: “If it had been said a few years ago that we would be discussing ‘Turkey’s direction’ in the coming years, none of us would have believed it. We were sure about Turkey’s direction.” Unfortunately, nowadays Turkey’s direction is seen as uncertain, and the country has strayed not only from its foreign policy but also from democratic norms and the rule of law in its domestic policies. Here are my notes from the conference.
America’s Friends Get Arrested in Turkey’s Post-Coup Purges
Many of the Turkish officers that are the key counterparts for U.S. counterterrorism efforts have been arrested or purged after a failed coup earlier this month.
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