Bank Asya's corporate governance rating increases

Bank Asya’s corporate governance rating increases

Date posted: June 30, 2014

ISTANBUL

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.

Source: Todays Zaman , June 29, 2014

Tags: Defamation of Hizmet | Hizmet and business | Turkey |

Related News

Turkey tries to trap Obama with extradition demand [of Mr. Gülen]

But while U.S. agency spokesmen are trying to be cautious in what they say, skepticism about Turkey’s claims that Gulen directed the plot are widespread in Washington. Last week, in comments that likely burned a few ears in Ankara, U.S. Director of National Intelligence James Clapper told The Washington Post that he did not believe Turkey had yet offered enough proof to implicate Gulen, who has lived in Pennsylvania’s Poconos region for years.

The Encyclopedia of Islam and hate speech

Erdoğan’s obvious target was Fethullah Gülen, but it is clear that he also attacked anyone who doesn’t think like him with phrases such as “false prophets,” “fake mystics” and “so-called scholars.” This denigration is problematic especially in terms of secularism. Indeed, the prime minister hurls gross insults at religious interpretations that diverge from his own. In his capacity as a prime minister, he imposes his beliefs and acts onto those who do not think like him. One step beyond these remarks would be the prime minister’s supporters’ resorting to violence against those he places on the bull’s eye.

Misrepresentation of Fethullah Gülen in English-language media

The language in general and the way certain politically significant words are used in some of this media coverage are somewhat problematic in the sense that they fail to present the full picture about Gülen, if not deliberately create doubts and prejudices about him.

Men accused of attempting to rape 6 teachers: We thought they were Gulenists

Three suspects accused of attempting to rape 6 female teachers in İzmir have told a court they “wanted to force” the teachers to leave the town because they thought that the victims had links to the Gulen movement, which the government accuses of masterminding the July 15 coup attempt.

Gulen Movement, civilian governments and the AK Party

The Gulen movement’s understanding of politics and the political process differentiate it from the military and bureaucratic elite. Its main political objective is to transform society by raising the moral consciousness of individuals. By raising moral consciousness, the movement hopes to cleanse the bureaucracy of widespread corruption, increase the efficiency and transparency of state institutions, reinvigorate public work ethic to serve the people in order to enhance the legitimacy of the state, and create opportunity spaces for marginalized sectors of the Anatolian population.

Carter Center gives certificate of appreciation to Kimse Yok Mu

AYŞE TOSUN, İSTANBUL The personal foundation of former US President Jimmy Carter has awarded a certificate of appreciation to Turkish aid organization Kimse Yok Mu (Is Anybody There) for the association’s worldwide charitable activities. The certificate was presented to Kimse Yok Mu officials in İstanbul by Carter’s consultant, Ryan McDonald, on behalf of the former […]