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

Erdogan at UN urges global action against preacher

Turkish President Recep Tayyip Erdogan on Tuesday demanded at UN speech international action against the US-exiled preacher Fethullah Gulen, whom he accuses of orchestrating an aborted coup d’etat against him. Gulen, who fled Turkey for Pennsylvania and has been active in religious dialogue and charity, strongly denies Erdogan’s charges that he organized the July military coup attempt, which quickly collapsed.

American reporters got an intriguing glimpse into the political mind-set in Turkey

Turkish leaders said they were astonished that they had so far been unsuccessful in persuading the United States Justice Department to even ask a federal judge to extradite Fethullah Gulen. The Turkish government said it had provided the United States with extensive proof against Mr. Gulen, who has denied involvement. But Turkish officials refused in several interviews to publicize a single piece of that evidence.

Texas enjoys International Festival of Language and Culture

Around 3,000 people attended the 14th edition of the International Festival of Language and Culture, formerly known as the International Turkish Language Olympiad, in the US state of Texas on Saturday.

Mosaic Foundation brings together Denver’s prominent people over a friendship dinner

Multicultural Mosaic Foundation in Denver, Colorado, recently held its traditional Dialogue and Friendship Dinner at one of the city’s prestigious venues, Cable Center. Having the author-journalist Mustafa Akyol, on his “Islam without Extremes” promotion tour, as its keynote speaker, the event saw the attendance of several assembly members and senators of the states Colorado and Wyoming.

Enes Kanter: Anyone who speaks out against Erdogan is a target. That includes me.

The situation in Turkey has been very bad since a failed coup attempt in 2016. Erdogan unleashed a massive purge, firing more than 100,000 public-sector workers and imprisoning more than 50,000 people. These people are not criminals. They include judges, academics and journalists. Erdogan thinks free speech is dangerous, and he accuses critics of being terrorists.

Turkey’s Economy Suffering Enormous Post-Coup Purges

Since the attempted military coup on July 15, the government, empowered by a state of emergency, has fired or suspended about 125,000 people, of whom nearly 40,000 have been arrested, and tens of thousands of others taken into custody. As a result, roughly 800,000 people have been completely cut off from any economic safety net.

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

Turkey Coup: Fethulah Gulen Is Not A Terrorist

Eid-al Adha Holiday Tradition Benefits Local Soup Kitchen

“Like a Storm”: Deportations Stun Turks in Kosovo

Hate speech creates new opportunities for Hizmet movement

Gov’t targets Hizmet to distract attention from corruption, says director

Meal and food support for Somalian people during Ramadan

President of Zambia Mr. Rupiah Banda thanks Turkish investors in education

Copyright 2026 Hizmet News