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.
Fethullah Gulen, the man blamed by President Recep Tayyip Erdogan of orchestrating the attempted military coup that rocked Turkey, has tried to turn the accusation against his political rival by suggesting that Mr Erdogan’s ruling AKP party had staged the uprising.
A bridge from the US to the Turkic world
Arzu Kaya Uranli I was at the third convention of the Turkic American Association (TAA) and the Turkish Confederation of Businessmen and Industrialists’ (TUSKON) mutual event: the annual Turkic American Convention (TAC) in Washington, D.C., last week. The event started with a cruise on the Potomac River on Tuesday evening then continued all day long […]
Cold Turkey: Erdogan’s withdrawal from democracy
The bizarre, phantom-like failed coup d’etat staged against Erdoğan’s increasingly brutal regime on July 15 last year saw him seize the opportunity to exterminate, imprison and purge tens of thousands of his enemies, real and imagined, within all strata of civil society, the military, government, media, education, health, the judiciary and other institutions.
Journalist: I was threatened over not supporting government
Seasoned journalist Cüneyt Özdemir has said he was threatened by two members of pro-government media outlets and pressured to jump on the bandwagon by lashing out at the Hizmet movement and hosting a commentator who Özdemir said is a staunch supporter of conspiracy theories.
Turkey Coup Attempt Explained
The most detailed explanation of the coup attempt in Turkey on July 15. Who is behind the coup attempt and how the government started a crackdown on critics? Turkey’s coup attempt explained.
UK court rejects ‘politically motivated’ Turkish extradition request of businessman
John Zani, district judge at London’s Westminster Magistrates’ Court, declined Turkey’s request, expressing “serious reservations about the current state of the rule of law in Turkey.”
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