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

Hizmet movement rejects claim of forming political party

Hizmet says it is both practically and theoretically impossible to form a political party or to support a specific party, as it has volunteers from many different political ideologies. “This movement, which has no other goals than to serve humanity, would only advise its volunteers to form their political stances according to certain principles, like human rights, democracy, transparency, justice, pluralism, rule of law and freedom of expression and belief,” the statement said.

Nigerian Turkish schools denies links to Turkey coup

The management of the Nigerian-Turkish International Colleges (NTIC) says the government of Turkey is insulting Nigeria by requesting the closure of its schools in the country.

Catholics, Hizmet bring faiths closer in the US

In the view of doomsday reports from the US, it does not come as a surprise how ordinary Americans from all faiths, Christianity, Judaism and Islam, have worked meticulously to bridge the gap and sheer absence of dialogue between these three Abrahamic religions especially in the context of post 9/11 world. SAURABH KUMAR SHAHI | […]

Secretary Kerry insists Turkey must provide legal, solid evidence against Fethullah Gulen

We’ve never had a formal request for extradition, and we have always said, “give us the evidence, show us the evidence”. We need a solid, legal foundation that meets the standard of extradition in order for our courts to approve such a request.

University of Florida and the failed coup in Turkey

On July 15 in Istanbul, Turkey, soldiers closed the two bridges across the Bosphorus, the first indication that elements of the army were planning to remove the government of President Recip Tayyip Erdogan. In Ankara, the national capital, other soldiers took control of television stations and shelled the parliament building. President Erdogan had to use […]

Will Erdoğan succeed in wresting away the reins of religion from civilian hands?

I am going to talk about a situation similar to the process by which the tools of production become state possessions. These are concepts far removed not only from Western culture but from socialist ideologies as well.

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

HAPPENING NOW: Police await outside hospital to detain woman who just gave birth

Fethullah Gulen is hopeful about future

After coup, Turkish activist afraid to return home

Gulen’s new book: “Muslims’ Responsibility in Countering Violence”

Islamic scholar Gülen calls for calm among supporters

Gulistan schools in Kosovo to continue education despite its abducted teachers

Gülen book finds wide readership in northern Iraq

Copyright 2026 Hizmet News