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

Turkic Cultural Exchange and Community Dialogue

Nearly seventy-five legislators and staff attended the annual Turkic cultural reception at the State Capitol, hosted by Niagara Foundation. The event awarded attendees and guests with the chance to dialogue with lawmakers over a buffet of Turkish food and coffee on topics of interfaith, multiculturalism and global acceptance.

False reports on Bank Asya breach laws

Earlier reports in the Turkish media had claimed that the government had mulled over a comprehensive investigation into Bank Asya following an ongoing corruption and bribery case. The papers cited the Hizmet movement — with which Bank Asya is affiliated — as the hand behind the police operations into persons close to the ruling Justice and Development Party (AK Party). The same reports implied a retaliatory attack on Bank Asya over alleged abuses within the bank.

A destructive option for Turkey takes shape

It is a “parallel state,” Prime Minister Recep Tayyip Erdoğan claims, and the movement gets help from its die-hard loyal media, as well as some leftist-secular circles and even from abroad. Such diversion on this issue helps him buy time, water down the content of accusations and divert attention.

Hakan Şükür’s resignation: Rebellion of a conscience

Take a look at his wedding photo: on one side of a table is Islamic scholar Fethullah Gülen and on the other is Prime Minister Recep Tayyip Erdoğan. That photo reflects the feelings of millions. Şükür’s resignation is a sign that to him, that photo was torn up. If the government continues to keep up its hostile attitude against the Hizmet movement led by Gülen, millions will experience the same feeling. The real risk is here.

Eid-al-Adha – Neighborhood Generosity

Capping off this weekend’s Eid al-Adha celebration observed by nearly 2 billion people around the world, the Turkish Cultural Center of Queens (TCCQ), a local non-profit, is giving back locally.

TURKISH FOUNDATION HIT IN ARSON GETS POLICE PROTECTION; 2ND GROUP VICTIMIZED

The municipality of Deventer will be placing surveillance cameras at the building of Turkish foundation Gouden Generatie on Tuesday. The building was set aflame on Saturday. Until the new cameras are in place, police surveillance will be intensified around the building, a spokesperson for the municipality said to RTL Nieuws.

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

Turkish Olympiads close with perfect ceremony

Victims of the state, come together

If whoever touched Gülen was doomed, we would have been ashes by now

Is the Gulen Movement an alternative to the state?

Profiled lawyer files criminal complaint against MİT, MGK

As Turkey’s war on Gulen escalates, so does impact on Africa

Pro-gov’t Islamist ideologue says Muslims can’t accept West or EU

Copyright 2026 Hizmet News