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

200 public servants sue PM over ‘parallel state’ statements

Interior Minister Efkan Ala was questioned about the government’s actions against “the parallel state” and the “Cemaat,” referring to the followers of Islamic scholar Fethullah Gülen, who has been in voluntary exile in the United States for over a decade.

Gülen’s lawyers slam Erdoğan’s ‘slanderous’ unsolved murders remarks

The lawyers of Turkish Islamic scholar Fethullah Gülen have denounced recent statements by President Recep Tayyip Erdoğan in which he held the Hizmet movement responsible for some unsolved murders in Turkey.

Yalçınbayır: Turkey has tendency towards institutionalization of bribery, corruption

Former Deputy Prime Minister and a former leading member of the ruling Justice and Development Party (AK Party) Ertuğrul Yalçınbayır said on Sunday that bribery and corruption have always been in Turkish politics and that there is a tendency toward the institutionalization of such crimes in the country.

Turkey warns Kazakhstan over Gulen-linked schools

Astana (Kazakhstan) (AFP) – Turkey’s ambassador to Kazakhstan on Friday warned the Central Asian country over its schools linked to US-based preacher Fethullah Gulen, whom the Turkish government blames for this month’s coup attempt.

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.

Religious freedom threatened by Turkey’s response to coup

From his self-imposed exile in Pennsylvania, Gulen has disavowed any association with the coup attempt. “My philosophy — inclusive and pluralist Islam, dedicated to service to human beings from every faith — is antithetical to armed rebellion,” Gulen wrote for The New York Times.

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

Better late than never: Gülen’s Kurdish education initiative

Conference declares gov’t needs to be more active in preventing domestic violence

Academic freedom at universities under growing threat

Fethullah Gulen calls on Muslims to help Hurricane Sandy victims

Ethiopian PM: It is an honor to work with TUSKON

Suspicious Deaths And Suicides On The Rise In Turkey With 54 People In Last 8 Months

Dialogue advocacy group ‘disturbed’ by Erdoğan’s harassment of Hizmet

Copyright 2026 Hizmet News