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.
Former US envoys to Ankara say Erdoğan doing great harm to democracy
“Whatever his achievements over the past decade, Turkey’s prime minister, Recep Tayyip Erdoğan, is destroying his country’s parlous democracy. That is a profound problem for Turks and Turkey’s Western allies. Staying silent, out of fear that speaking out would harm some short-term interests, risks Turkey’s longer-term stability.”
Turkey, The great purge – Four lives upturned by Erdogan’s ‘cleansing.’ Episode 2 – Mehmet
Following the July 15, 2016, coup attempt, Erdogan promised to “cleanse” Turkey of a “virus” that has plagued its state institutions. That cleansing has been primarily directed at two organisations: the PKK and the Gulen movement. But the crackdown on both organisations began long before the July coup attempt.
Gov’t effort to bring down bank would have international repercussions
Directing his criticism at the government, Nationalist Movement Party (MHP) deputy and parliamentary Justice Commission member Murat Başesgioğlu voiced out “If you attempt to bring down the bank, you will have negative repercussions in the international arena,” adding “No one will take you [government] serious in the international arena, if you attempt to bring down a bank.”
Ten thoughts on the [Erdogan] way of trolling
I’ve been writing about Turkey for more than a decade now. It’s a beautiful country, rich in history, and a complex society but, boy, in recent years their trolling has left a lot to be desired. It’s not just the internet trolls who have fallen far behind but also Turkish diplomats and even senior aides to President Recep Tayyip Erdogan.
Gülen says he could be blamed for assassination of an MHP, CHP politician
US-based Turkish Islamic scholar Fethullah Gülen said on Monday that the possible assassination of an important politician from either the Republican People’s Party (CHP) or the Nationalist Movement Party (MHP) in the coming days might be blamed on him by pro-government circles.
Turkish PM Erdoğan’s way worries and puzzles
Erdoğan’s political calculations for his strategy do not seem to make much sense to many. Why has he chosen to alienate the Hizmet movement now and not after the elections? Why is he even more furious with the remaining independent media than before? Is he doing all this and others to win or is this a heavy gamble, in despair, to lose or win everything?
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