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.
Calls to boycott Hizmet institutions denting market confidence
Calls that have been made over a period of several months by top government officials, including Prime Minister Recep Tayyip Erdoğan, to boycott schools and institutions run by the Hizmet movement will undermine confidence in Turkish markets, a recent report has said.
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Fethullah Gülen on Islam, democracy and freedom of speech
Publishing a book in 2009 about Francis of Assisi’s peaceful encounter with Egypt’s Sultan Malik al-Kamil during the Fifth Crusade led me to meet a lot of people with an interest in improving interreligious relations. Among them were a number of Turkish immigrants who are followers of the Islamic scholar Fethullah Gülen. I observed that through a network of private schools, foundations and media organizations, they have worked very hard to improve Muslim-Christian relations.
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Fethullah Gülen: President Erdogan is suffering from power poisoning
Mr. Erdogan’s witch-hunt in Turkey accelerated with the globalization of the Hizmet movement. When he closed the doors to activities such as language and culture festivals, other countries welcomed them. When Mr. Erdogan urged Turkish ambassadors to lobby their respective foreign governments to help close down schools started by Hizmet participants, those governments refused to go along.
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Unfortunately, the Hizmet Movement as one of the leading civilian movements contributing to intercultural dialogue and peace in the world has been labeled as one of the players to destabilize Turkey by the pro-government press too.
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