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

Tags: | | |


Related News

Hizmet movement and the Kurdish question

Ihsan YILMAZ  June 20, 2012 Hizmet movement (aka Gulen movement) roughly advocated two simultaneous approaches regarding Kurdish question. While the Kurdistan Workers’ Party (PKK) terrorism needs security measures as the PKK keeps attacking innocent civilians in the streets by suicide bombings and so on, the wider Kurdish issue needs cultural, socio-economic and political measures. Hizmet […]

Erdoğan’s allegations proven to be incorrect, contradictory over time

Prime Minister Recep Tayyip Erdoğan has over time turned out to be wrong or self-contradictory in his allegations over a number of issues in the past few years, which has cast doubts on his credibility as well as the credibility of his Justice and Development Party (AK Party) government in the eyes of the people.

Academics: Hizmet a movement, not a gang; Gülen builds ties

The Hizmet movement led by US-based Islamic scholar Fethullah Gülen is not a gang but a movement, academics have said in reaction to a smear campaign led by the Turkish government against the movement and its representatives.

Turkey seizes billions of dollars worth 691 companies over alleged ties to Gülen movement

The state-run Savings Deposit Insurance Fund (TMSF) has announced that a total of 691 companies, some of whose assets are worth billions of dollars, have been seized by the government due to alleged links to the faith-based Gülen movement. The government has been confiscating the private property of non-loyalist businesspeople without due process on unsubstantiated charges of terrorist links.

Communists in Cold War, reactionaries in Feb. 28 coup and Gülenists in Erdoğan era

It is useful to make a point here: Is it not true that some civil servants and officers, including prosecutors, judges, police officers, district governors and governors, are members of the Gülen movement? Of course it’s true. But is that a crime? No, it is not. People cannot be blamed for their beliefs, thoughts, identities or colors. They cannot be discriminated against because of such characteristics.

TUSKON says systematic campaign of defamation under way

The Turkish Confederation of Businessmen and Industrialists (TUSKON) has criticized what it calls a “systematic campaign of defamation against the business conglomerate,” stressing that its business activities, which help contribute to the Turkish economy, should be welcomed.

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 Food Festival seeks to teach Greenville about Turkey’s culture and cuisine

Taiwanese scholar: Hizmet movement wins hearts with education, charity

Coup attempt in Turkey puts Tulsa Turks in difficult position

Turkish people upset that democratic progress is being reversed: Islamic scholar Gülen

Turkish Cultural Center honours several Senegalese women

Gülen movement can serve as bridge between Islamic and secular nations, intellectuals agree

First “Families Meeting” series concludes with a spectacular night

Copyright 2026 Hizmet News