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

Reaction mounts against PM’s witch-hunt remarks

Politicians, members of the judiciary and journalists have spoken out against threatening remarks by Prime Minister Recep Tayyip Erdoğan, who stated that the government will carry out a witch hunt against followers of a faith-based group [Hizmet movement].

Governor’s office closes 3 Gülen-inspired prep schools in Çorum

Despite a ruling from the Constitutional Court and the Council of State annulling a Justice and Development Party (AK Party) government-sponsored law that required privately owned exam preparation schools in Turkey to be closed down or converted, the Çorum Governor’s Office has ordered the closure of three prep schools as part of the government-led operation against institutions and businesses owned by the faith-based Gülen movement.

The responsibility of the Hizmet movement

These are difficult times for Muslims. The Islamic World is suffering from a deep economic, political and moral crisis and is taking a downward path in the vicious cycle of corruption, violence, ignorance and oppression. There are, however, several things that offer some warm light in this dark age. The Hizmet movement is one of them.

Anti-Hizmet plot no more innocent than practices of coup periods

Since the launch of the major corruption operation on Dec. 17, 2013, more than 20,000 police officers, bureaucrats, judges and prosecutors have been reassigned for no official reason other than their suspected links to the Hizmet movement.

President Erdoğan envies the Hizmet according to prominent columnist

Subsequent to the corruption probe the AK Party had denied the charges, blaming the Hizmet movement accusing it of orchestrating the probe. “This is when the antagonizing rhetoric started,” according to Alkan. President Erdoğan has in fact openly vowed to bring down the movement and anyone it perceives as being affiliated with it.

New York Times urges Obama not to deport Gulen

In an editorial titled ‘Let Mr. Erdogan Fight His Own Battles’ published on May 2, the New York Times said ‘The American government is obliged to examine the request if Mr. Erdogan follows through and formally files one. But right now the threat seems to be nothing more than a crass and cynical attempt to exploit the law, and Turkey’s alliance with the United States, for political payback.’

Latest News

Sacramento leaders gather for Iftar dinner in celebration of Ramadan

SEO Skill Suite: Tools for Keyword Research, Technical & Backlink Analysis

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

In Case You Missed It

Turkish Cultural Center in West Haven hit with graffiti in wake of unrest

Fethullah Gülen’s Message of Condolences for the Death of Soccer Star, Diego Maradona

Turkey Coup: Erdogan Uses Stalinist Measures To Crack Down On Education

Fethullah Gulen responds to videocassette allegations

Water well for 10 thousand Pakistani with the money from cattle milk

Logistics companies seized over Gülen links sold in fast-track auction

Turkey’s spying imams also active in Norway: monitoring group

Copyright 2026 Hizmet News