Bank Asya shares surge after Turkish election results
Bank Asya
Date posted: June 10, 2015
The AK Party’s failure to secure enough votes to form the government reflects on the stock market, with the politically-seized Bank Asya’s shares observing a 10.75 percent increase at opening on Monday amidst an overall drop in Borsa Istanbul.
Bank Asya had long been subject to political attacks and repeated demands by President Erdoğan to be taken over despite the fact that the publicly traded Islamic lender had one of the best capital adequacy ratios of the sector. Defamatory rumors published by pro-government press have been challenged, but unpunished.
As a result, in late May Turkey’s Banking Regulation and Supervision Agency (BDDK) seized the publicly-traded Islamic bank, placing it under the Savings Deposit Insurance Fund (TMSF), causing mass outrage by financial markets and banking experts.
The controversial move came months after the BDDK took control over its management after a long government-orchestrated campaign against it.
Bank Asya’s shareholders’ lawyers have voiced a strong demand for the return of the management to its rightful owners, and have applied to the courts to take action.
Abundant accusations [against Hizmet], little evidence
The Turkish media – or what is left of it – has already found Fethullah Gülen guilty of the coup attempt on July 15. When challenged about the evidence, the most common reply is “Come to Turkey and see” or “Everyone in Turkey thinks this way.” This almost unanimous opinion is not a coincidence, and it does imply a monopoly over the Turkish media rather than any objective fact.
International panel on Virgin Mary held in Istanbul
The international panel entitled “The Virgin Mary in the Holy Bible and the Holy Qur’an” jointly organized by Journalists and Writers Foundation’s Intercultural Dialogue Platform (KADIP), Roma Tevere Instituto and Izmir Intercultural Dialogue Center took place in Istanbul. In the final declaration of the panel, it was noted that the Virgin Mary who broke many discriminative taboos of her time played a significant role throughout history in placing women in the status they deserve.
Alevis and Sunnis to Search for Peace and a Future Together at Abant Meeting
Upcoming 30th meeting of the Abant Platform will search for a peaceful common future for Alevis and Sunnis who have been living peacefully together in Anatolia despite external provocations and some unwanted interruptions. The coexistence in the past promises hope for future. The meeting is themed as “Alevis and Sunnis: Searching for Peace and a Future Together,” which will be attended by intellectuals who will also be part of the solution.
NATO’s supreme allied commander in Europe, General Curtis Scaparrotti, said in December that he never had any reason to suspect that Turkish officers in his teams would be involved in a coup attempt. In their absence, and without their expertise, the capacity of his staff had been “degraded,” he told the Financial Times and Deutsche Welle.
Turkish asylum claims in Greece rise 40-fold in three years
The number of Turks claiming asylum in Greece has increased 40-fold in three years, according to figures released by Athens, as more people face prosecution for their alleged role in a failed coup against President Erdogan.
Erdoğan’s stance on Turkish Schools turns to hatred after corruption probes
The discourse that President Recep Tayyip Erdoğan displays towards internationally-located Turkish schools — which are run by Turkish entrepreneurs inspired by the teachings of Turkish Islamic scholar Fethullah Gülen — shifted completely towards a hateful stance after corruption investigations went public in December 2013 incriminated Erdoğan, his family members and close associates.
Latest News
Sacramento leaders gather for Iftar dinner in celebration of Ramadan
SEO Skill Suite: Tools for Keyword Research, Technical & Backlink Analysis
Turkish inmate jailed over alleged Gülen links dies of heart attack in prison
Message of Condemnation and Condolences for Mass Shooting at Bondi Beach, Sydney
Media executive Hidayet Karaca marks 11th year in prison over alleged links to Gülen movement
ECtHR faults Turkey for convictions of 2,420 applicants over Gülen links in follow-up to 2023 judgment
New Book Exposes Erdoğan’s “Civil Death Project” Targeting the Hizmet Movement
European Human Rights Treaty Faces Legal And Political Tests
ECtHR rejects Turkey’s appeal, clearing path for retrials in Gülen-linked cases
In Case You Missed It
Acting in ‘Selam’ a once-in-a-lifetime experience for actors
The Fountain 100th Issue Essay Contest
Gülen extends condolences to Egypt victims
Municipality shuts down three reading halls in Adıyaman
Erdogan’s Hate Speech against the Gulen Movement
Turkish Prisons Are Filled With Professors — Like My Father
