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.
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.
Scapegoating: Turkish PM again blames Gülen movement for worsening economy
As the Turkish lira plunged even further on Friday, Prime Minister Binali Yıldırım claimed the Gülen movement was responsible for the deterioration in the country’s economic outlook. According to Yıldırım, “separatists” and sympathizers of the Gülen movement are working hard to ruin the Turkish economy in the eyes of the world.
Developing Ghana; the role of Tudec and Galaxy İnt’l School
More Turkish investors have expressed their interest to invest in education, the real estate, construction and manufacturing sectors in Ghana. The President of the Ghana-Turkey Cooperation and Development Association (TUDEC), Mr Yusuf Temizkan, says prospective investors would be arriving in the country within the year to inject their capital into the country’s economy. He said […]
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The Turkish government and the country’s banking watchdog were aware of and supported a recent defamation campaign allegedly aimed at sinking the country’s leading participation bank.
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The PM Erdogan has been harshly criticized for his remarks by observers and legal experts, who agree the remarks have come as a clear indication that the prime minister is directly involved in a planned legal action against a civil society group — the Hizmet movement. According to the prime minister’s plans against Hizmet, it is already clear which court and judges will handle the legal case against the movement.
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