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.
The past couple of months have been tumultuous in Turkey. In short order, an ill-conceived military coup was followed by popular mass protest, the quick return of President Recep Tayyip Erdogan to power, and a wave of repression ranging from military and judicial purges, to state restrictions on a panoply of basic human rights protections, to allegations of “widespread human rights abuses” by state actors.
Turkey- the state versus the people
Using the failed military coup attempt on July 15 as a pretext, President Recep Tayyip Erdogan orchestrated a huge purge of more than 100,000 people from the civil service without bothering to implement administrative or judicial investigations.
Hizmet Movement is not interested in attaining political power in Turkey or elsewhere in the world
[Erdogan] has called Hizmet a state within a state, which to me is a strange characterization. To me, that’s like saying that the Catholics are a state within a state in America, or the Jews, a state within a state in America. Those kinds of statements are derogatory, they’re pejoratives. Catholics have a right to seek influence in America; Jews have a right to seek influence in America, that’s how we operate here.
EU calls on Turkey to Investigate abduction cases targeting Gülen Movement
The European Union (EU) on Thursday said it was closely following developments in Turkey including the abductions of people from the Gülen movement, reminding Ankara of its responsibility to investigate these reported cases.
Turkish school threatens students who refuse to write poems on coup attempt
The Education Ministry distributed “Attempt to invade Turkey with coup” brochures at all state schools across Turkey. Some 19 million students also watched a video of President Recep Tayyip Erdoğan reciting the Turkish national anthem along with footage from the night of July 15, when an abortive coup took place in Turkey.
University of Florida and the failed coup in Turkey
On July 15 in Istanbul, Turkey, soldiers closed the two bridges across the Bosphorus, the first indication that elements of the army were planning to remove the government of President Recip Tayyip Erdogan. In Ankara, the national capital, other soldiers took control of television stations and shelled the parliament building. President Erdogan had to use […]
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