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

Gulen: Erdogan will end up like Hitler and Stalin

[Erdogan] is trapped in his contradictions. All narcissistic dictators and tyrants like Hitler and Stalin have a bad ending. Their reign always ends in fury. He will suffer the same fate.

Turkey tries to trap Obama with extradition demand [of Mr. Gülen]

But while U.S. agency spokesmen are trying to be cautious in what they say, skepticism about Turkey’s claims that Gulen directed the plot are widespread in Washington. Last week, in comments that likely burned a few ears in Ankara, U.S. Director of National Intelligence James Clapper told The Washington Post that he did not believe Turkey had yet offered enough proof to implicate Gulen, who has lived in Pennsylvania’s Poconos region for years.

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.

Jurist’s report highlighting illegality of Karaca’s arrest submitted to top court

Lawyers representing journalist Hidayet Karaca, who remains in prison despite a ruling for his release, have submitted a report drafted by a prominent jurist to the Constitutional Court in which the unlawfulness of Karaca’s arrest was highlighted.

Gülen’s Dialogue on Education: A Caravanserai of Ideas

Professor Tom Gage portrays eight modern educators and the development of their theories viewed from personal, cultural, and historical perspectives. He links their ideas to those of Fethullah Gülen, a highly influential educator of today who draws on an entirely different tradition.

Political Activism for Peaceful Coexistence in Rumi and Gulen

In Gulen’s view -as strongly emphasized by Rumi more than seven centuries ago- action is an inseparable aspect of tasawwuf, and Muslims should be actively involved in the community, share their experience with others, strive to help others and bring peace to the global village.

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

Turkish Schools In Somalia

66,000 students relocated after Turkish government shut down 15 universities over coup charges

UK Parliament: No evidence that Gülen, movement behind coup attempt

Kimse Yok Mu conducts 500 cataract surgeries in Pakistan

Volunteer teachers saddened by efforts to close Turkish schools

Turkey’s Global Anti-Gülen Crusade Puts Tbilisi in Diplomatic Bind

On front lines of fight for press freedom in Turkey

Copyright 2026 Hizmet News