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.
What ‘struggle for power’? [Between the Justice and Development Party (AKP) government and the Fethullah Gülen movement ]
A “Fethullahist” parallel state is a conspiracy theory par excellence, exploited by secular as well as Islamist fundamentalists and particularly by the Erdoğan government which vindicates once again the dictum that “power corrupts, and absolute power corrupts absolutely.
Erdogan’s endless legitimacy crisis
Erdogan, who is avoiding dealing with the corruption charges, cannot preserve his government on the dead-end street he has entered.
Turkey’s Curious Coup in 6 Questions
A year after the Turkey’s coup attempt, there are still many questions that need to be considered. Ismail Sezgin of Hizmet Studies, in this video, summarizes the findings that makes the coup attempt so curious and the positions of the Turkish Government, Gulen Movement, and Turkey’s Western allies.
Trustees seize control of schools in government-led move
A judge in İstanbul has ordered that trustees be appointed to 12 companies, including the FEM and Anafen prep schools established by people sympathetic to the faith-based Gülen movement for allegedly being affiliated with Kaynak Holding.
Reasons to be worried about Turkey’s direction
For the first time in the 11-year reign of the AK Party, I was truly concerned when Erdoğan last week said that the decision to shut down private prep schools was finalized despite heavy resistance from a significant portion of society. A government that could consider interfering with “freedom of enterprise” is grim enough.
Gülen’s critics have no supporting evidence, says academic
EMRE OĞUZ American sociology professor Helen Rose Ebaugh, who has written a book analyzing the Gülen movement, has said those criticizing the movement have no documents to back up their criticisms. Ebaugh, the author of a book titled “The Gülen Movement: A Sociological Analysis of a Civic Movement Rooted in Moderate Islam,” was speaking at […]
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