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.
Erdogan Uses Coup Like Hitler Used Reichstag Fire, Austrian Far-right Leader Says
Turkey’s failed coup and Turkish President Tayyip Erdogan’s subsequent purges of state institutions are reminiscent of the Reichstag fire in Nazi Germany and its use by Hitler to amass greater power, the head of Austria’s far-right Freedom Party said.
Dismissed after coup attempt, teacher detained during visit to imprisoned relative
Malatya teacher C.K., earlier dismissed from his/her post as part of the government’s post-coup purge, was taken into custody during a visit to his/her jailed relative on Saturday.
Police officer reassigned for attending dershane picnic
The Interior Ministry has reassigned police officer H.D., who worked at the National Police Department’s Anti-terrorism Unit in Ankara, on the grounds that he and his child attended a picnic organized by a dershane (private preparatory school) affiliated with the faith-based Hizmet movement.
Freedom House says security package undermines democracy in Turkey
US-based watchdog Freedom House has criticized Turkey’s controversial security package, which grants extensive powers to police officersand provincial governors, saying that the passing of the bill in Parliament is a move to undermine democracy in Turkey.
Gulen – Erdogan History in 2 minutes
Nowadays, most articles about Turkey, Erdogan and Gulen have a default sentence: “Erdogan and Gulen were former allies”. It is said and written so many times that eventually became a fact. However, the reality is not that simple.
Gezi anniversary reminder of Erdogan’s nine lives
Although Gulen was Erdogan’s principle ally in clipping the wings of the staunchly secularist Turkish military, he quickly became his nemesis and thousands of policemen, and prosecutors accused of being Gulen followers were dismissed or displaced in what amounted to a sweeping political pogrom.
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