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

Parents of Nigerian-Turkish International College students decry call to close schools

Mr. Abudulahi, a professor, added that the schools were playing very significant role in the development of education in Nigeria and should not be closed. He said that the school was one of the most secured in the country, adding that even in the hit of Boko Haram activities in the North ast, it remained open in Yobe. He further added that so long as the NTIC had operated within the laws of Nigeria, it should be allowed to remain in operation.

PM’s discourse over ‘no family, children’ offensive, hurtful

On Feb. 23, Prime Minister Erdoğan targeted Nationalist Movement Party (MHP) Chairman Devlet Bahçeli due to his criticism of the government in the ongoing corruption investigation, saying: “He does not have any concept of family. He has no such concern. We know what children mean,” in an obvious reference to Bahçeli’s unmarried status.

Gov’t lifts confidentiality of MGK docs for publishing in partisan press

Prime Minister Recep Tayyip Erdoğan’s government, which accused the Taraf daily of being a “traitor” for publishing secret state documents last month that include a covert plot against Turkish Islamic scholar Fethullah Gülen and the profiling of citizens, has lifted the confidentiality of some National Security Council (MGK) documents to be released by its partisan media outlets.

Commentary: Abuses rampant in wake of Turkish coup

We don’t know a lot. But what we do know should cause us to ask our elected officials to look carefully at any request for extradition for Fethullah Gulen. We don’t know everything, but we know that the post-coup crackdown has included public appeals “to be protected from the evil things of educated people.” Nearly 60,000 have been detained. Some 1,600 university academic deans have been relieved of their positions.

Misrepresentation of Fethullah Gülen in English-language media

The language in general and the way certain politically significant words are used in some of this media coverage are somewhat problematic in the sense that they fail to present the full picture about Gülen, if not deliberately create doubts and prejudices about him.

As Turkey Gears Up to Vote, Its ‘Traitors’ Speak Out

In Turkey, a national trauma has turned into a never-ending nightmare for hundreds of thousands of citizens. Erdogan aimed to root out all Gulen sympathizers and turn them into what one local columnist called “socially dead people.” The government’s crackdown has extended well beyond the Gulenists. Leftist activists, Kurdish politicians, and dissenting academics have all been targeted.

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 Next In Turkey?

Thousands Are In Turkish Prisons For Downloading This App

Gulen named author of the month in Casablanca

Arrested Turkish TV chief writes an open letter from his jail cell

Government carried out a “controlled” coup in an attempt to exploit its outcomes: Opposition leader

Opposing the majority

Main opposition brings plans to sink Bank Asya to Parliament

Copyright 2026 Hizmet News