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 – Turkey’s desperate president

There is a curious reluctance on the part of the Turkish government to carry out an in-depth investigation of the coup, but the blame has been put unequivocally on an erstwhile ally, Fethullah Gülen, a reclusive Turkish imam resident in Pennsylvania, and the cadres of his movement, which enabled Erdogan and the AKP to come to and hold power.

Call for Papers – International Gandhi Jayanti Conference 2015

Education is at the heart of the core problems of a society, potential solutions for making a healthy society and for peace building as well. Education is the key to eliminating gender inequality, to reducing poverty, to creating a sustainable planet, to preventing needless deaths and illness, and to fostering peace.

Muslim Leader Condemns Synagogue Killings

Fethullah Gulen, the Turkish Muslim preacher who lives in exile in Saylorsburg, Pennsylvania and is sought by the Ankara for alleged involvement in the 2016 coup attempt there, condemned the massacre at the synagogue in Pennsylvania.

Fethullah Gülen’s Message on International Day for the Elimination of Violence Against Women

Like all forms of violence, violence against women is the expression of an unhealthy mindset and psychology. Therefore, we must not approach the matter solely from a punitive perspective, but get to the root causes and come up with long-lasting solutions.

Gulen Denies Involvement – Erdogan Uses Coup for Repression

“If there is anyone I told about this verbally, if there is any phone conversation, if one-tenth of this accusation is correct, I will band my neck and say, ‘they are telling the truth, let them take me away, let them hang me.'” Gulen conceded some supporters might have been among the rebels. I would consider them to be disrespectful of my long-time ideas.

Pro-gov’t columnist: Turkish state must assassinate Fethullah Gülen

Fatih Tezcan, a pro-government columnist, said in a video that he is sure the Turkish state had embedded a secret agent in the Gülen movement and that now it is time for him to “terminate” Turkish Islamic scholar Fethullah Gülen. During his 1.08-minute video, Tezcan curses the Gülen movement and the US-based Gülen and says that the murder of Gülen is something desired by the entire Muslim world.

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

From republic to al-mukhabarat state

The Hizmet Movement: Reflections from Sri Lanka

A Comparative Approach to Islam and Democracy

Canadian Journal Interviews Erdogan’s Victims in Greece: Fleeing oppression in Turkey

Watkins’ Mind Body Spirit Magazine included Fethullah Gulen among its 100 Most Spiritually Influential Living People

Gülen lawyer dismisses claims in International Herald Tribute report, says allegations unfounded

Australian Relief Organisation runs 2017 qurban campaign

Copyright 2026 Hizmet News