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.
Conflict between Gülen Movement and Turkey’s ruling AKP reflected in business world
TÜSİAD, just like the [Hizmet] community’s TUSKON, has voiced the concern of possible fouls likely to be committed against the judiciary. As a matter of fact, these concerns have proved right for now with the executive seizing the judiciary.
Foes on the Run as Erdogan Makes Power Personal
Members of the Gulen religious movement insist they are innocent of plotting against President Recep Tayyip Erdogan of Turkey, but he has chased them into the shadows, and they fear for their lives and livelihoods. At the same time, Mr. Erdogan has increasingly made himself the face of Turkey’s state, and now he is seeking more authority to rule.
Avni: New plot under way to blame Gülen movement for PKK attacks
A whistleblower who tweets under the pseudonym Fuat Avni has claimed that President Recep Tayyip Erdoğan and his accomplices have devised a new plot against the faith-based Gülen movement, also known as the Hizmet movement, in which they will place blame for the recent increasing violence across Turkey on the movement.
When the masks have fallen
It seems that the judiciary will be forced to investigate the claims of a so-called illegal organization, and sham trials will be performed to intimidate the Hizmet movement and cover up the corruption claims that become public on Dec. 17, 2013, by taking tactics from the former Ergenekon supporters nested within the army, the bureaucracy, business circles, the media and the judiciary.
Three Turkish diplomats seeking asylum in Germany after coup
At least three Turkish diplomats, reportedly including one military attache, are seeking asylum in Germany in the wake of the failed military coup in Turkey, German media cited government sources as saying. That would likely further strain tense ties between Ankara and Berlin after Turkey was outraged by a resolution passed by Germany’s parliament that declared the 1915 massacre of Armenians to be genocide.
Religious leaders in Philippines defend Turkish NGOs being linked to terrorism
De La Salle Philippines president Bro. Armin Luistro and leaders of religious groups on Tuesday expressed support to two non-government organizations being linked to terrorist organizations, noting the NGOs’ track records in peace-building.
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