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.
Ethiopian schools linked to Turkish cleric are sold to German educators
A network of schools in Ethiopia linked to Muslim cleric Fethullah Gulen is changing ownership. The sale of the Nejashi Ethio-Turkish International Schools follows pressure from the government of Turkish President Erdogan, who is urging countries that host institutions inspired by Gulen to close or take them over.
Iranian gold stars in Turkish corruption scandal
It is difficult to predict how the bribery/corruption investigation into several Turkish ministers will end. Although there are those who frame the event as a power struggle between the Fethullah Gulen movement and the government, conspiracy theories expand its dimensions to include the United States and Iran. The government is looking for US and Israeli hands in the operation because of the use of Halkbank to circumvent the sanctions imposed on Iran.
Turkish PM calls for boycott of Gülen movement’s schools
Prime Minister Recep Tayyip Erdoğan has geared up his rhetoric against the movement of U.S. based Islamic scholar Fethullah Gülen, calling for a boycott of the movement’s schools.
Mother’s Day takes on a new meaning with Kimse Yok Mu
“Mother’s Day”, originated abroad in 1908, has been celebrated annually on the second Sunday of May in Turkey since a proposal by Association of Turkish Women in 1955. Modest celebrations and gifts for our mothers, who are indisputably sacred and dedicated their lives to their children, allow them a meaningful break from the hectic life. […]
Austria arrests two after arson attack on Turkish cultural center
Two suspects have been arrested in connection with an attempt to set fire to a Turkish cultural centre in the northern Austrian town of Wels, police said on Monday, at a time of heightened tension between Vienna and Ankara. The attack took place in early morning and the suspects, whom police declined to identify, were arrested immediately.
On Gülen vs Erdogan – “And not equal are the good deed and the bad”
Martin Luther, the Christian leader who is called “the Father of the Reformation,” described two kingdoms: the kingdom of the world and the kingdom of heaven. In the contrasts between Erdoğan and Gülen, we surely see examples of this distinction.
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