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 Gulen’s “old friend” detained by İzmir police despite suffering from advanced Alzheimer’s disease
An 81-year-old Turkish man, who is known as a “longtime friend of Turkish cleric Fethullah Gülen, was detained by police in the Turkish province of İzmir on Monday due to his links to the Gülen group.
Erdoğan’s allegations proven to be incorrect, contradictory over time
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Cancer patient arrested over Gülen links deteriorates to stage 4 in one month
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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.
‘African wave’ makes splash at İstanbul summit
CUMALİ ÖNAL, İSTANBUL The second day of a global trade and investment summit in İstanbul saw increased interest from African companies in Turkish markets, with some major deals in the works. Organized by the Turkish Confederation of Businessmen and Industrialists (TUSKON), the World Trade Summit opened its doors to visitors from around the world on […]
[Caliphate in sight] What to expect in 2014 Turkey
Well, under normal circumstances Erdoğan would get neither himself nor his government involved in what looks like plain bribery. But the situation would be completely different if the underlying assumption of the government is that Erdoğan is the de facto caliph.
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