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

Fethullah Gulen talking about Turkey’s failed coup: Responses to Philadelphia World Affairs Council

Right now, all critical voices are silenced in Turkey and only the voice of those in power is heard. Consequently both Turkish people and outside observers are misled. The misperception about the coup continues because there is only one voice. The government interprets everything according to their calculations. They are using this event to express the antipathy they already had against Hizmet movement. The coup attempt is serving to justify their plans to persecute Hizmet movement.

Turkey’s post-coup crackdown hits ‘Gulen schools’ worldwide

“I think it’s really sad and wrong they think we’re terrorists, because we’re not,” says Chilla, a bright and articulate sixth-former at the elite Kharisma Bangsa high school near Jakarta, Indonesia’s capital.

Deepening crisis

As the Turkish government clamps down on protesters and attempts to hinder the corruption probe, Turkey is plunging deeper into a crisis that threatens to have a lasting impact on its society and economy.
The corruption case is the main story. With every move made to protect those in its immediate circle, the government is stepping away from the rule of law and undermining its reputation further.

Politically motivated police raid of kindergarten in west Turkey

The witch hunt against the opponents of the government continues and is growing. In another instance of a government-orchestrated operation targeting the faith-based Gülen movement, popularly known as the Hizmet movement, the police along with inspectors conducted raids around 6 am on Tuesday at dozens of institutions owned by the Yamanlar Educational Institutions, which was established by volunteers of the movement in the western province of İzmir.

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

While critics say that Gülen is at best a cult figure, he is considered by many the legitimate spiritual leader of an Islamic movement that is focused on humanitarian service – hence the common name Hizmet – as well as interfaith dialogue and education.

Turkey’s treatment of dismissed officials reminiscent of Nazis: Luxembourg

Luxembourg’s foreign minister said on Monday that the Turkish government’s handling of civil servants dismissed after a failed coup attempt reminded him of methods used by the Nazis, and that sooner or later the EU would have to respond with sanctions.

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

Somalian students condemn plot against Kimse Yok Mu

A Turkish citizen spreads a message of love and coexistence from the US

Supporters of Saylorsburg Muslim cleric say protesters have got it all wrong

The term ‘Fetö’ is a misnomer, a bizarre creation of the paranoid Erdoğan propaganda machine

Shahbaz lays foundation stone of Pak-Turk school

Pak-Turk schools case: IHC grants more time to seek govt’s instructions

Gulistan schools in Kosovo to continue education despite its abducted teachers

Copyright 2026 Hizmet News