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

Central bank data disprove interior minister’s rigging claims

Ala’s remarks were widely interpreted as a reference to Bank Asya, a participation bank affiliated with the Hizmet movement, which the government has tried to scapegoat through conspiracy theories to evade corruption allegations. Some news stories broke soon after Ala’s claims, reporting that Bank Asya’s accounts were being scrutinized for misconduct.

Hizmet Movement’s Responsibility

Etyen Mahçupyan, April 8, 2012 I wrote this column before The Journalists and Writers Foundation, which is closely related to Hizmet movement (aka Gulen Movement), made a statement. But I won’t change it as I believe it’s better unchanged. Obviously one of the hottest topics lately is the issue of the ‘movement’. It is claimed […]

Gabon is very satisfied with Turkish school

20 July 2012 / MİNHAC ÇELİK, İSTANBUL President Ali Bongo Ondimba of Gabon has said his country is very satisfied with a school opened by Turkish volunteers there and called on volunteers to open more schools. “We are very satisfied that Turkey opened a school in Gabon. This is very encouraging and needs to be […]

Three political risks that Turkey might be exposed to

Economic indicators in Turkey cannot bear the political risk anymore. The currency rates go up whenever President Recep Tayyip Erdoğan makes a statement. Before the elections I had warned that Erdoğan’s election victory would bring instability, but nobody believed this. There are now three major fields of conflict and uncertainty before Turkey.

Erdogan’s corruption defense falls flat

Denying the corruption accusations that brought his party under a disconcerting spotlight, Turkish Prime Minister Recep Tayyip Erdogan has been lamenting press attempts to “throw the mud and see if it sticks.” He indirectly accused the judiciary of being taken over by the Fethullah Gulen religious movement, as well as acting as a subcontractor to foreign powers who, out of envy for Turkey’s political and economic success, manufactured this corruption plot to finish him off just as they tried to do at the Gezi Park protests in June.

Will the AKP lose votes in disagreement with Gülen movement?

It is very likely that the real purpose of the government is indeed to punish the Gülen movement. Many political observers disagree with such a claim however, AKP officials have not find any convincing argument that will convince conservative people that the government is not punishing the Gülen movement, a movement that has touched many lives among the conservative people in the heartland of Anatolia.

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

What is wrong with the Western media?

Another woman detained on coup charges one day after giving birth

Erdogan’s dirty deal: Afghanistan to hand over control of Gülenist schools to Turkey

Turkish schools in Afghanistan won 147 medals this year

Global Muslim networks: How far they have travelled

OIC head says he has always endorsed Turkish schools abroad

Pillar of Society or Threat to Democracy?

Copyright 2026 Hizmet News