Bank Asya answers smear campaign


Date posted: October 15, 2014

Publicly traded Bank Asya roundly denied the ‘baseless rumors’ about its financial status via the Public Disclosure Platform (KAP).

“There have been baseless smear and defamation campaign widely circulating in some press organizations and social media sites” read the statement. “Our bank will apply to the authorities to protect our legal rights in the face of these baseless rumors which are clear violations of banking and capital markets laws and regulations, as well as reason and ethics.”

Pro-government papers had reported claims that the bank was in financial straits, stating that further regulatory measures would be applied to the bank. In the meantime the bank has solidified its capital adequacy ratio at 17.35% in early October, while cash injections from investors have continued.

Bank Asya has been an open target of President Recep Tayyip Erdoğan, who vowed to bring the bank down. He has alleged it is affiliated with the Hizmet movement, whom Erdoğan accused of attempting to topple over the government. One such attempt Erdoğan points to was last year’s high-profile corruption probe, dubbed the 17-25 December corruption probe, which targeted businessmen and individuals close to the ruling AK Party (Justice and Development).

Erdoğan’s actions have received condemnation from across the board for attempting to cover up corruption allegations by positioning the Hizmet movement as a scapegoat.

Source: BGN NEWS , October 14, 2014

Tags: | | |


Related News

Father says wife, 11-month-old son under arrest despite medical problems

Cengiz Zaza Akbaba, the husband of Gulistan Diken Akbaba said in a recent video that his wife and 11-month-old son have been under arrest despite the babies medical problems. “This child is only one of 560 children. Now, 560 children are not allowed to touch the soil, not allowed to see the sun,” Akbaba added.

Int’l press organizations call for release of journalist Keneş, condemn arrest

New York-based press advocacy group the Committee to Protect Journalists (CPJ) has called on Turkish authorities to immediately release Today’s Zaman Editor-in-Chief Bülent Keneş, condemning the arrest as a “relentless crackdown” on the press.

Prof. Scott Alexander: Hizmet is a social movement for peace

“What I have personally observed is that Hizmet is a movement that embraces contrasts and in which everyone can find a place for themselves. It’s a globally transformational movement. It is, on the other hand, able to combine tradition and modernity and bring them around the common values. Although I might not be necessarily exercising your values, I consider myself a part of this movement. The principles that lead the movement are what lead my life as well.” Alexander remarked.

A House Divided: Civil Society and Democracy in Turkey

I am of the firm opinion that Hizmet movement had been practically the core civilizing, and transformative engine for strong Turkish civil society in this modern age. The movement has had, without any doubt, facilitated and consolidated Turkey’s strong civil society and democracy.

Prominent businessman Akın İpek pledges huge support to Kimse Yok Mu

A huge support campaign has grown to back Kimse Yok Mu after the recent Cabinet decree which banned the charity’s ability to accept public donations without government approval. Koza İpek Holding Chairman Akın İpek has donated 1000 animals for Eid al-Adha, the Feast of the Sacrifice.

Lynching of the Hizmet movement by the hand of the state

The community [the Hizmet movement] is being lynched, and the state is using its power to do it. The same tactic has been used in the claims of mass wiretapping. The prosecutors involved in the investigation have denied the claims, but the black propaganda campaign has been going on for two days.

Latest News

Sacramento leaders gather for Iftar dinner in celebration of Ramadan

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

Erdoğan’s Civil Death Project’ : The ‘politicide’ spanning more than a decade

In Case You Missed It

GYV Presient Yesil: We knock on all doors

In Turkey for once-in-a-lifetime experience

Columnist fired from pro-gov’t daily after critical comment over Soma

The Turkish connection in India

Niagara Foundation Ohio Award Ceremony gathers a large attendance

Watch out! Anatolian Tigers on the prowl

Turkish high-schooler commits suicide after father was dismissed under emergency rules

Copyright 2026 Hizmet News