False reports on Bank Asya breach laws

Bank Asya
Bank Asya


Date posted: December 24, 2013

İSTANBUL

Leading Turkish participation bank Bank Asya said on Tuesday that certain media reports are breaking laws by aiming to harm the bank’s image and market value.

Earlier reports in the Turkish media had claimed that the government had mulled over a comprehensive investigation into Bank Asya following an ongoing corruption and bribery case. The papers cited the Hizmet movement — with which Bank Asya is affiliated — as the hand behind the police operations into persons close to the ruling Justice and Development Party (AK Party). The same reports implied a retaliatory attack on Bank Asya over alleged abuses within the bank.

In a written note to Borsa İstanbul (BIST) on Tuesday, Bank Asya said the reports are “an apparent breach of laws regulating the stock markets and preserving the rights of firms traded on the bourse.”

“Bank Asya, Turkey’s 10th largest private bank in terms of assets, does not have a single operation that runs against the Turkish banking rules as monitored by the Banking Regulation and Supervision Agency [BDDK] and the Capital Markets Board [SPK],” the statement read.

Bank Asya noted that it has an asset size of TL 287 billion and serves customers with 281 branches across Turkey and 5,100 employees in full compliance with local banking principles. The bank applied to the SPK last week to issue sukuk worth up to $500 million.

Fifty percent of Bank Asya’s shares are traded on the BIST and Tuesday’s statement is a clear indication that the bank may take legal action against the false reports.

Source: Today's Zaman , December 24, 2013


Related News

‘Erdoğan fights to eliminate Hizmet movement’

When asked about the issue of Erdoğan’s survival, [CHP Istanbul deputy] Erdoğdu said: “The upcoming presidential election [which is scheduled for Aug. 10] is not the main part of this struggle. He might be elected president and elude the graft investigation. What about his son Bilal and other family members? How can they escape an investigation?

Cancer patient arrested over Gülen links deteriorates to stage 4 in one month

Fatma Aşkın, a breast cancer patient who was arrested on Feb.14 in the southeastern Turkish province of Gaziantep due to her alleged links to the Gülen movement, has experienced a spread of the disease during her one-month stay in prison and has been diagnosed with stage 4 cancer.

Criticism rains down on gov’t for insisting on closing prep schools

In the meantime, BDP Co-chairman Selahattin Demirtaş struck a similar tone to the prime minister regarding the prep schools’ closure, saying that prep courses must be shut down. Demirtaş said the closure is a political as well as commercial issue, casting doubts on the government’s desire but expressing his approval at shutting down prep schools.

Turkey coup and Fethullah Gülen: Why blame a progressive Islamic modernist?

The coup in Turkey attempted by a group of middle-ranking soldiers of the country has gone down in West Asian history as an ill-designed expedition.

Unlawful acts revealed in police raids on Gülen-inspired schools

Another illegal practice was revealed on Wednesday regarding police raids on schools inspired by the faith-based Gülen movement, popularly known as the Hizmet movement, on Sept. 21, as officers refused to give a copy of the police report of seized items to school authorities despite demands by the institution’s lawyers.

Number of Kimse Yok Mu volunteers triple

The aid organization’s volunteers number have increased three-fold despite a politically-motivated hate campaign launched by government in Turkey

Latest News

This notable Pocono resident has been living here in exile since 1999

Logistics companies seized over Gülen links sold in fast-track auction

That is Why the Turkish Government could Pay 1 Billion Euros

ECtHR rules Bulgaria violated rights of Turkish journalist who was deported despite seeking asylum

Fethullah Gülen’s Message of Condolences in the Wake of the Western European Floods

Pregnant woman kept in prison for 4 months over Gülen links despite regulations

Normalization of Abduction, Torture, and Death in Erdogan’s Turkey

Turkey’s Maarif Foundation illegally seized German-run school in Ethiopia, says manager

Failed 2016 coup was gov’t plot to purge Gülenists from state bodies, journalist claims

In Case You Missed It

Cyber attacks on news websites threaten freedom of press, expression

Austrian President Fischer receives Turkish Language Olympiads team

Erdogan goes after Morocco’s Gulenists

Fethullah Gulen’s Statement on Devastating Bush Fires in Australia

Hizmet university serves Iraqi students in Arbil

Deputy PM says image of gov’t-Hizmet fight ugly

Turkish-Arab forum focuses on gov’t oppression on Hizmet

Copyright 2021 Hizmet News