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.
Emre Uslu, 14 March 2012 Turkey’s foremost thinker, Etyen Mahçupyan, in the Zaman daily, underlined an interesting rapprochement between the Justice and Development Party (AKP) government and the neo-nationalist (Ulusalcı) camp in Turkey. Mahçupyan listed a number of indicators to provide evidence for his argument. Indeed, the indicators he gives are worrisome and show possible […]
Middle East’s Struggle for Democracy: Going Beyond Headlines
Last month, when Hizmet representatives criticized the government-proposed legislation that calls for banning exam prep schools, Turkish and Western journalists labeled this opposition as a feud between Prime Minister Erdogan and Mr. Gulen because roughly 15-25 percent of these prep schools were founded by Hizmet participants according to various estimates. But that is an oversimplification.
Detainees ‘beaten, sexually abused and threatened with rape’ after Turkey coup, Human Rights Watch claims
In a 43-page report published on Tuesday, the human rights group said a “climate of fear” had prevailed since July’s failed coup against President Tayyip Recep Erdogan and the arrest of thousands under a state of emergency.
The Erdoğan mafia
Turkey is now run by a mafia. Prime Minister Recep Tayyip Erdoğan is at the top of this organization. He has created parallel financial, social, religious and legal structures to maintain this mafia organization.
FM Davutoglu praises Fethullah Gülen’s contribution to education
4 June 2012 / TODAY’S ZAMAN, İSTANBUL Turkey’s Foreign Minister Ahmet Davutoğlu has praised Turkish Islamic scholar Fethullah Gülen for supporting and promoting educational activities in foreign countries, along with his efforts to inspire intercultural and interreligious dialogue globally. Davutoğlu joined the 10th International Turkish Olympiads activities on Monday in the province of Konya and […]
Hizmet in Context: Societal Islam Versus Political Islam
The Hizmet movement is according to Ebaugh (2010) a civic movement rooted in Islam that is independent from the state. Others see it simply as a faith- based movement (Esposito and Yilmaz 2010). Agai (2004) describes it as an education network and Hendrick (2009) as a global pressure group to promote Turkish interests.
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