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

Erdoğan ‘does not grasp’ separation of powers, MEP says

Andrew Duff, a Liberal Democrat member of the European Parliament, also accused the prime minister, whom he said was “clearly elected democratically,” of not ruling democratically. Duff said the aggravated language that exposes serious rifts between the AK Party and the Gülen movement risks destabilizing Turkey.

Islamic scholar Fethullah Gülen gives first TV interview in 16 years

Responding to widespread assumptions that he ordered his followers in senior positions in the police and judiciary to launch the investigations into alleged high-level government corruption, Gülen issued strong denials of such claims. He said the reactions of the ruling Justice and Development Party (AKP), which have included the sacking a number of police commissioners and the arrest of some of Erdoğan’s allies, were “anti-democratic.”

The dangers of demonization [of Hizmet movement]

Government supporters have accused the Hizmet movement of aiming to discredit a number of ministers and their relatives. The claim relates to a recent investigation into alleged bribery in public tenders, which saw the sons of three Cabinet ministers taken into custody alongside construction moguls and bureaucrats.

Parents react to auditor, police raid of Hizmet-inspired school

In yet another government-backed operation targeting the Gülen movement (Hizmet movement), four tax inspectors from the Finance Ministry and a number of police officers conducted a raid on Saturday at a private school affiliated with the movement in the southern province of Adana, leading to protests from parents of the school’s students.

Gulen inspired organizations honor world youth in Washington D.C.

One of the award-winning students was Muhammad Haroon Kohgadai from the Afghan-Turk Boys High School in Kabul. Kohgadai was unable to attend the ceremony because he was diagnosed with heart disease at the last minute.

PM Erdoğan increases intensity of hate speech against Hizmet movement

Prime Minister Recep Tayyip Erdoğan has increased the intensity of his hate speech against the Hizmet movement, which is inspired by Turkish Islamic scholar Fethullah Gülen, calling on people not to attend the movement’s schools or exam preparatory courses and not to buy newspapers close to the movement.

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

GYV: PM’s discriminatory rhetoric undermines social peace

Conference endorses Gülen’s ideas as guides for Nigerian education system

Teaching Peace in Schools

Turkish schools important for northern Iraq’s future

17 Nigerian-Turkish schools caught in Ankara coup crossfire

Turkish school students raises pocket moneys to buy stoves for refugees

Rumi Forum Hosts Religious Extremism Debate

Copyright 2026 Hizmet News