Bank Asya shares surge after Turkish election results

Bank Asya
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.

Source: BGNNews , June 8, 2015

Tags: | | | |


Related News

Arab Students in Turkey Facing Arbitrary Arrest

Arab students who have previously studied at universities considered by Turkish security forces to have been influenced by the U.S-based cleric Fethullah Gülen are being arrested and threatened with deportation by police. Many such students have already been deported.

Alevi problems deeper than they seem, opinion leaders agree

On the first day of the 30th Abant Platform meeting on Friday on the Alevis issue in Turkey, Alevi and Sunni intellectuals and opinion leaders agreed that the problems date back to centuries ago and are more complicated than they seem. The event, titled “Searching for peace and a future together,” brought together representatives of various Alevi communities as well as Alevi and Sunni pundits, journalists and academics in an effort to have a comprehensive debate on one of the lingering problems of Turkish society.

Prime Minister Erdoğan in his second home

Apolitical faith-based movements, represented by the Sufi lodges and the Hizmet movement today, regard Iranian expansionism as a real and imminent threat that needs to be tackled.

Today is another Human Rights Day, but atrocities persist | Opinion

One such case is the experience of thousands of Turkish people under the Erdogan regime after the failed coup attempt in July 2016. Soon after the coup attempt, Erdogan’s regime launched a crackdown on opponents and critics, detaining thousands of journalists, rights activists, lawyers, teachers and writers for their alleged involvement in anti-state activities.

Extradite Gülen? Really?

Enter the current coup plot. Erdogan literally has blamed every obstacle, fanciful plot, and malfeasance upon the elderly cleric. He fingered him in last Friday’s attempted coup even before the smoke settled. Increasingly, it seems the Obama administration might actually take the Turkish president seriously.

Those not supporting Erdogan regime labelled as Gulen follower, given harsh punishment

M Behzad Fatmi, a Turkish political expert and commentator, has said that Ankara’s crackdown on Gullen followers amounts to “social and economic genocide” and asserted that the self-exiled scholar had no connection in the coup d’etat aimed at overthrowing the Erdogan regime.

Latest News

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

Fethullah Gülen’s Vision and the Purpose of Hizmet

In Case You Missed It

‘Hizmet conspiracy’ theories rejected at iftar hosted by Alevis

America Shouldn’t Give up Fethullah Gülen to Turkey

Pak-Turk School Campus groundbreaking ceremony

Did Turkey Really Save Democracy On July 15?

Prime Minister Erdogan’s Revenge

‘Fethullah Gulen is one of the leading Islamic thinkers in the world’

Government allegedly plots to blame Bingöl attacks on Hizmet movement

Copyright 2026 Hizmet News