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.
Gulen, who has been living in self-imposed exile in Pennsylvania since 1999, promotes a philosophy that comprises elements of moderate Islam and Sufi mysticism, free-market economics, and interfaith tolerance. That he has a wide following in Turkey (and elsewhere) is not in doubt. As for Erdogan, he can be an Islamist sultan or he can be the democratic leader of a trusted NATO ally. But he can’t be both, and the time has come to make him choose.
Turkish authorities use charges of terrorism to silence free speech
Journalists in Turkey are being charged with “being involved in terrorist activities” and “endangering state security” to justify the current crackdown on the media, as this is the only legitimate way for Turkish leadership to silence and censor dissident voices while shielding themselves from being seen as infringers on the freedom of speech and expression, unambiguously protected under international law.
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Turkish Prime Minister Recep Tayyip Erdogan said that he had complained to President Barack Obama about Fethullah Gulen in phone conversation. Erdogan added that Obama had responded favorably. The White House retorted in unusual language, telling journalists: “The response attributed to President Obama is not accurate.”
Ministry allegedly profiled students of dershanes close to Hizmet
The petitions filed with the Ministry of Education and provincial educational branches in May 2012 by parents have revealed that the Education Ministry profiled students of dershanes — private institutes that offer examination prep classes — and schools close to the Hizmet movement.
Gov’t ban on charity Kimse Yok Mu hits orphans
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Hakan Yavuz: Der Spiegel’s inflammatory, biased journalism on Turkey story shocked me
A Turkish-American professor has slammed German Der Spiegel’s what he called “inflammatory and biased” reporting in its article about the movement associated with Turkish Islamic scholar Fethullah Gülen. “Reading today’s article on the Gülen movement was a real shock for me,” Yavuz, who is a professor at the University of Utah, told Today’s Zaman, referring […]
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