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

Opposition up in arms over Erdoğan’s badmouthing of Turkish schools abroad during visit to Ethiopia

President Recep Tayyip Erdoğan is pressing ahead with campaigning the closure of Turkish schools affiliated with the Gülen movement, also known as the Hizmet movement, inspired by Turkish Islamic scholar Fethullah Gülen, in African countries, causing a number of members of the opposition parties in Turkey to reacted against his move.

Police takes careful approach on Turkish schools issue

The National Police is not in a hurry to deal with the Turkish government’s request to close nine international schools linked to Fethullah Gulen, who has been accused by Ankara of being behind the recent coup attempt in Turkey.

Islamophobia Network Targets Top Performing American Schools

Islamophobia is on the rise in America, but this is hardly surprising. Scan recent American history to witness the consistent creation of an “other”, whether it was anti-Catholicism and anti-Semitism in the 19th century.

U.S. schools are indirectly linked to preacher, often well-regarded

Even before the revolt, this network was already in Erdogan’s sights. Critics say Gulen gets payments from supporters doing contract work on the schools or from “donations” made by Turkish instructors brought to the U.S. on special visas to teach at them, charges he has rejected. Several charter chains thought to be related to the Gulen movement have been investigated by local authorities for misusing taxpayer dollars, but the inquiries haven’t resulted in charges of wrong doing.

Goods signed by Obama, Stallone auctioned at Turkish organization fundraiser

Boxing gloves, baseballs and photographs signed by public figures like US President Barack Obama and actor Sylvester Stallone were auctioned off at a fundraising event for a Turkish group in New York City on Friday.

Arınç says Gülen’s offer to hand over prep schools ‘sacrifice’

Turkish Deputy PM Bülent Arınç has described the offer of Turkish Islamic scholar Fethullah Gülen to hand over prep school management to the state an example of “sacrifice” and promised that the issue of prep schools will be resolved in a way that pleases everyone. “God knows that we don’t have an ambition to manage [these prep schools]; our desire is that these services don’t become the causalities of a disagreement,” Gülen reportedly said.

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

Fethullah Gulen talking about Turkey’s failed coup: Responses to Philadelphia World Affairs Council

The dangers of demonization [of Hizmet movement]

TAA to hold annual Turkic American Convention in Washington

Free speech groups condemn Turkey’s closure of 29 publishers after failed coup

Prof. İzzettin Doğan: Ramadan is opportunity to get to know Islam

Gülen, a man of peace, not behind attempted coup in Turkey

Portrait of the Gülen Brotherhood, sworn enemy of Turkey’s President Erdogan

Copyright 2026 Hizmet News