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.
Turkish Teacher Died Under Custody in the Aftermath of the Coup Attempt
Turkish teacher who was denied medical aid after harsh treatment, dies under custody. Gokhan Acikkolu was a teacher of history. As many people, he was detained on charge of being Gulen Fallower on July 23,2016. He died under police custody. He died without even knowing what he was accused of.
Turkey’s MGK says discussed organizations threatening national security
Although Erdoğan insists that there would be a legal move against the Hizmet, opponents and critical voices point to lack of evidence necessary for a criminal investigation against the Movement.
AK Party founder: I don’t believe claims of parallel state
Yaşar Yakış, former foreign minister and a founding member of the ruling Justice and Development Party (AK Party), criticized the party on Monday, saying he does not believe in the existence of a “parallel state,” a term used by the AK Party to describe followers of the faith-based Hizmet movement, which the government alleges to have formed an illegitimate structure within the state.
Woman Detained At Hospital, Jailed With 3-Day-Old Baby In Turkey Over Alleged Gülen Links
Aysun Aydemir, an English teacher who gave birth to a baby in an elective caesarean procedure, was detained at the hospital and subsequently arrested by a court and put in pretrial detention with a 3-day-old baby in Zonguldak province as part of a witch-hunt targeting the Gülen movement.
Turkey coup: Conspiracy theorists claim power grab attempt was faked by Erdogan
Social media users have compared the coup attempt in which more than 160 people are thought to have died to the Reichstag fire – the 1933 arson attack on the German parliament building which Hitler used as an excuse to suspend civil liberties and order mass arrests of his opponents.
Islamic lender raises capital after massive gov’t withdrawal
Turkish Islamic lender Bank Asya has made a cash capital increase on the back of claims that state-owned companies and institutional depositors have withdrawn millions of Turkish Liras of the bank’s total deposits. The lender said it had decided to make a cash capital increase of 33 percent to 1.2 billion liras ($515 million) and was selling an 18 percent stake in retailer Yeni Mağazacılık (A101) for 298 million liras.
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