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

Prof. Nanda: Extraditing Fethullah Gulen to Turkey would erode the rule of law

Turkey’s strategic importance cannot be overestimated. However, Erdogan’s personal friendship with Trump alone cannot resolve the difficulties. Even if Trump may be willing to find a way to extradite Gulen or find another country to accept him in order to placate a NATO partner for geopolitical reasons, he must not. The damage to the rule of law would outweigh any benefit Trump hopes to gain from such an action.

With blinders on, government sees everything as parallel structure

One of the attendees of the convention in Washington, columnist Yavuz Semerci wrote in the Habertürk daily on Sunday that organizers of the convention and its sponsor — Turkish Confederation of Businessmen and Industrialists (TUSKON) — expressed their disapproval of the bill and asked that the subject be left to historians and not politicians.

Erdoğan is helping Hizmet community in three ways

If President Recep Tayyip Erdoğan had given an assurance to the world, saying, “The Hizmet movement never resorts to violence and it is an antidote to Islamist violence,” people would still have nurtured doubts and they still would have asked if they, like Islamists, would resort to violence under duress.

Nigerian Federal Government ignores Turkey’s request to close Turkish schools

The relations between Nigeria and Turkey have been traditionally cordial, and bilateral trade has grown over the years between them. The annual trade volume between Turkey and Nigeria was $1.2 billion by second quarter of 2016, and this consists of clothing, food, engines and automobile parts, as well as pharmaceuticals.

Germany takes Gülenists off watch list, conducts counterespionage against Ankara – report

German police have removed the Gülen movement, which Ankara designates a terrorist organisation, from its ‘dangerous’ and ‘to be followed’ watch list, Sözcü newspaper reported, citing a domestic security report from the  country’s Southwestern state of Baden-Wuerttemberg.

500 Food Packages to 500 Families

Waiting for Helping hands.Helping hands relief foundation and Turkish Cultural Center are cooperatively working to help the needy in upstate New York. Helping Hands Relief foundation will distribute food packages to more than 500 families from Myanmar, and Somalia to provide temporary relief during 2013.Each food packet contains about 10 pounds of food, and is […]

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

Lamb-hunt in the Netherlands

Amir Hussain on Fethullah Gulen and Hizmet Movement

Turkish Schools will Build Bridges between Nigeria and the World

The International Justice Conference Hailed A Major Success

Pregnant behind bars with a two-year-old kid

Tajik-Turkish Schools excel in Science Olympiads

Academics, civil society call for freer, more diverse universities in new law

Copyright 2026 Hizmet News