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.
Turkey’s Erdogan takes cue from Hitler, Stalin and Khomeini
There is something deeply disturbing about the direction in which Recep Tayyip Erdogan and his Justice and Development Party are taking Turkey. Writing in this newspaper last week, John Lyons compared the sweeping purges to McCarthyism in the US in the 1950s. That was altogether the wrong analogy.
Who’s conspiring against Erdoğan?
Erdoğan has recently been verbally attacking everyone, including even his own allies. In his most recent statement he threatened Islamic preacher Fethullah Gülen, saying that his government “will reach your caverns and tear you into pieces.
AK Party Deputy Hakan Şükür resigns due to hostile moves against Hizmet movement
Hakan Şükür, a Turkish member of parliament and former international football player, quit Prime Minister Recep Tayyip Erdoğan’s ruling party on Monday in protest at a government plan to shut down prep schools, revealing underlying intra-party squabbles. İstanbul MP Şükür said he was personally offended by what he called “hostile moves” against the Hizmet movement led by Turkish Islamic scholar Fethullah Gülen.
Turkey’s post-coup brain drain
Bekir Cinar was working as an assistant professor at the political sciences department of Suleyman Sah University when it fell victim to the crackdown. He says that many academics with different views were working at the university. Cinar is currently continuing his scientific work at a British university. He considers this a major loss for Turkey, not least because it takes 20 to 30 years to become an academic.
Gov’t ban on charity Kimse Yok Mu hits orphans
Thousands of orphans and needy people around the world whose lives depend on the aid they receive from charities such as Kimse Yok Mu (Is Anybody There?), the largest volunteer and global aid organization based in Turkey, are at risk of being affected by the Turkish government’s restrictions on the charitable association.
Tension should be reduced
Both sides [Hizmet movement and the AK Party government] see this rift as a matter of life and death. If you are in a struggle for existence, you do your best to attack the other side, but by doing so, you make mistakes, damage yourself and the other side.
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