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

The Preventive Role of Culture in Women’s Empowerment: Possibilities and Challenges

On the occasion of the Commission on the Status of Women (CSW60), Peace Islands Institute, The Journalists and Writers Foundation, UN Women Liberia, Ufuk Dialogue Foundation, The Rainbow Intercultural Dialogue Center and the Thailand Achievement Institute collaborated to organize a side-event entitled “The Preventive Role of Women in Women’s Empowerment: Possibilities and Challenges” on 17 March 2016 at the United Nations Headquarters.

Government carried out a “controlled” coup in an attempt to exploit its outcomes: Opposition leader

The main Turkish opposition party has accused the ruling Justice and Development Party (AKP) of having prior knowledge of the failed July 15, 2016 putsch, saying Ankara carried out a “controlled” coup in an attempt to exploit its outcomes.

Gülen’s lawyer condemns Erdoğan’s accusations, TÜSİAD calls for sanity in country

Prominent Islamic scholar Fethullah Gülen’s lawyer, Nurullah Albayrak, condemned Prime Minister Recep Tayyip Erdoğan’s latest comments about Gülen.

Erdoğan now at odds with once-closest ally

Those who have an interest in Turkish politics may have been a little confused for the last few weeks, observing the row between Prime Minister Tayyip Erdoğan’s Justice and Development Party (AK Parti) government and the social movement of religious scholar Fethullah Gülen, or the “Hizmet” (Service) movement as they preferred to be called. The row is over the closure of private prep schools (“dershane” in Turkish).

EastWest Institute honors Gülen with 2011 EWI Peace Building Award

The EastWest Institute (EWI) honored well-respected Turkish intellectual and scholar Fethullah Gülen with its 2011 EWI Peace Building Award at an awards dinner held for his contribution to world peace. EWI Peace Building Award recognizes individuals who made great strides in building peace across borders and cultures.

The U.S. may face a choice between geopolitical calculation and human decency

Such movements, especially if they’re Muslim, attract suspicion in the West. In 2008, the Dutch government began investigating Hizmet. Its conclusions were that the movement isn’t involved in terrorism or a breeding ground for radicalism, nor does it oppose integration of Muslims into secular states. In 2015, MLK’s alma mater, Morehouse College, awarded its Gandhi King Ikeda Peace Award to Gülen for his lifelong commitment to peace among nations. But Erdogan insists that Gülen is a terrorist.

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 targets the Gulen family

Newly launched book tells stories of purge victims after Turkey’s July 15 coup

Is the Hizmet movement statist or populist?

French coach Tigana to donate computer lab to Turkish school in Mali

Informant on Gülen movement members says he fabricated testimony to avoid jail time

First Lego League qualifier at Brooklyn Amity School

What Is Next In Turkey?

Copyright 2026 Hizmet News