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 government anger with the Gulen movement, over its alleged involvement in the failed July 15 coup, has spread to Africa. Governments are being pressured into closing down Gulen schools. Children are romping around the school grounds apparently without a care in the world. A few of them are standing together and reciting in unison […]
Gulen calls for new constitution in Turkey
Fethullah Gulen, the Islamic preacher embroiled in a battle with the Turkish government that has shaken the country, has redoubled his criticism of Recep Tayyip Erdogan, calling for a new constitution to rein in rights he says are under siege.
Fatih College basketball court demolished despite ongoing case
Construction equipment entered Fatih College in İstanbul’s Merter neighborhood on Tuesday, demolishing a basketball court in the school courtyard, despite the fact that a case regarding a decision by the İstanbul Metropolitan Municipality to construct a road through the courtyard is still ongoing.
Turkey Coup Attempt Leaves America With Stark Choice
In the aftermath of Turkey’s attempted, and failed, coup, Washington is primarily concerned about the future of the U.S.-Turkish alliance and its central objective these days: the fight against Islamic State (ISIS). In particular, U.S. policymakers are concerned about the fate of U.S. access to the Turkish airbase at Incirlik, from which assets used in […]
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The Turkish Islamic scholar Fethullah Gülen, who has inspired the popular civic and social Hizmet (Service) movement, has said that the reassignment of thousands of public officials from their posts without any disciplinary procedures following the Dec. 17, 2013 corruption scandal seems to have been conducted on an arbitrary basis.
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