Gov’t media maintain attack on Bank Asya

Bank Asya headquarters is pictured in İstanbul on Feb. 4. (Photo: Reuters)
Bank Asya headquarters is pictured in İstanbul on Feb. 4. (Photo: Reuters)


Date posted: July 21, 2015

In yet another allegation targeted at Turkey’s largest Islamic lender, Turkey’s pro-government media continued a smear campaign against Bank Asya, the lender’s shareholders said on Sunday, reiterating that the bank operated fully in line with laws.

Turkish daily Yeni Akit, with close links to President Recep Tayyip Erdoğan, reported on Sunday that Bank Asya extended loans to certain Turkish-owned companies abroad and failed to collect these loan debts.

The same daily also alleged that Asya was made to post losses due to these non-performing loans. A group of Asya shareholders denied allegations on Sunday, referring to the claims as “slander.”

“All of Bank Asya loan traffic inside and outside of Turkey is monitored by the Finance Ministry’s Financial Crimes Investigation Board [MASAK]. … There is not a single incident where Bank Asya sustained losses due to a loan extended and all of these loans have been paid back to the bank,” the shareholders said in Sunday’s written statement.

After a three-month period of interim management, the Banking Regulation and Supervision Agency (BDDK) announced in late May that it had handed over control of Bank Asya to the Savings Deposit Insurance Fund (TMSF) in what many political commentators consider a politically motivated move.

Bank Asya was founded by sympathizers of the faith-based Gülen movement, also known as the Hizmet movement — a civil society initiative inspired by Turkish Islamic scholar Fethullah Gülen.

Gülen has been accused of being the leader of a hidden structure within the government which, according to many in the Justice and Development Party (AK Party), attempted to launch a coup against the government when sweeping bribery investigations implicated several Cabinet ministers in 2013. The movement has strongly denied the accusations.

Global rating agency Standard & Poor’s (S&P) has last week confirmed that the seizure of Islamic lender Bank Asya is an example of the severity of political risks in Turkey, which could affect the country’s whole financial system.

Source: Today's Zaman , July 19, 2015

Tags: | | | |


Related News

Fethullah Gulen’s Message on New Defamation Efforts by Erdogan Regime

I also condemn President Erdogan’s reckless and immoral efforts to defame this peaceful movement that has dedicated itself to universal humanitarian values. I trust in the wisdom and fairness of world leaders to recognize this defamation campaign for what it is.

Government oppression of confederation hurts Turkish exports to Africa

As a part of a prolonged campaign of intimidation against opposition figures and institutions, the government has been engaging in oppression of the TUSKON — which had had a strong presence in African countries — and contributing to the deterioration of already weakened Africa-bound Turkish exports.

New Jersey Celebrates Turkic Day

New Jersey recognized prominent Turkic-American institutions based in the state on Thursday, such as the Peace Islands Institute, Embrace Relief Foundation and Pioneer Academy of Science, for their commitment to increase efforts in a wide range of fields, including education, philanthropy, business, medicine, art and science.

‘Pool media’ court case against Zaman daily tossed out

An İstanbul court tossed out a court case filed against the Zaman daily by the Turkuvaz Media Group involving a Zaman news article detailing pro-government businessman pooling funds together to purchase Turkuvaz late last week.

Int’l symposium in Washington D.C. to discuss Hizmet’s contribution to world peace

An international symposium under the name of ‘The Hizmet Movement and PeaceBuilding” will be held on Oct. 25-26 in Washington D.C. In attendance at the symposium organized by Georgetown University, American University, Mount St. Mary’s University and the Rumi Forum will be numerous academics and scientists from more than 20 countries in six continents.

Philip Clayton on Fethullah Gulen and Hizmet Movement

Dr. Philip Clayton is the Ingraham Professor of Theology at Claremont School of Theology. He received dual PhDs from Yale in philosophy and theology and held posts at Williams College and the California State University, as well as guest professorships at the University of Munich, the University of Cambridge, and Harvard University. He is a leading advocate for interreligious dialogue, comparative theologies, and the internationalization of the science-religion dialogue. He authored or edited 22 books.

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

Are Gülen’s remarks on talks with PKK really surprising?

Religious freedom threatened by Turkey’s response to coup

Infiltrating or contributing?

Pak-Turk schools won’t close, says Education Minister

Why is Erdoğan hostile to Turkish schools?

Gülen donates $15,000 to Japan victims

People overwhelmingly support democracy as answer to Kurdish issue

Copyright 2026 Hizmet News