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.
Unaffected by tension, TUSKON promotes Turkish economy
The Turkish Confederation of Businessmen and Industrialists (TUSKON) has had its share of these provocative media reports. Regarding the recent media reports criticizing TUSKON’s lobbying efforts for Turkish firms abroad, TUSKON President Rıza Nur Meral told Sunday’s Zaman that allegations against TUSKON “do not make sense” and that the confederation has always supported Turkish businessmen who want to branch out into global markets. “We will continue our support [for Turkish entrepreneurs],” Meral added.
AK Party takes action to expel deputy who opposed closure of prep schools
Prime Minister Recep Tayyip Erdoğan’s ruling Justice and Development Party (AK Party) referred Kütahya deputy İdris Bal — who opposed the government’s planned closure of prep schools (dershanes) — to the party’s disciplinary board for expulsion on Thursday. Bal, reiterating his opposition to the closure of prep schools, he said that such a move would violate the Constitution.
Watch your mouth
One Turkish folk song says: “Chests are piled up on each other / Woe to us, o gallant people / We have made a promise without thinking / We held you in high esteem although you did not deserve it.”
Businessmen voice frustration over smear campaign against Hizmet
The Akşehir Industrialists and Businessmen’s Association (AKSİAD) has condemned an ongoing defamation campaign being conducted against the Hizmet movement inspired by Turkish Islamic scholar Fethullah Gülen, calling on government officials to refrain from the hate speech and polarizing rhetoric that are damaging the society.
Reuters interview Gulen, he says he would not flee U.S. to avoid extradition to Turkey
Fethullah Gulen, the U.S.-based Muslim cleric accused by Turkey of instigating last year’s failed coup, says he has no plans to flee the United States and would accept extradition if Washington agrees to a request by Ankara to hand him over.
President Gül hosts Turkish Olympiad students in Ankara
YASİN KILIÇ, ANKARA President Abdullah Gül hosted a group of students coming to Turkey as part of the 11th International Turkish Olympiad, a festival that celebrates the Turkish language and this year brought together 2,000 students from 140 countries around the world, in the capital on Friday. The Turkish Olympiad, which is organized by the […]
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