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

Erdoğan’s accusation that Hizmet organized the coup attempt is noxious and absurd

The name of that “terrorist organization” was not spoken, but Ökem was referring to the so-called Fethullahçı Terör Örgütü. To the rest of the world, it’s the Hizmet movement founded by Fethullah Gülen, a former close and important ally of Erdoğan. No one else sees it as violent. Erdoğan’s accusation that it organized the coup attempt is noxious and absurd.

Council of Europe warns against hate speech by senior state officials in Turkey

The human rights body of the Council of Europe, the Commission against Racism and Intolerance, issued a report on Wednesday about the increasing use of hate speech, even by senior state officials. While President Recep Tayyip Erdoğan called the Gülen sympathizers “viruses,” Prime Minister Binali Yıldırım labeled them microbes. The movement is the main target of a massive purge and witch-hunt in Turkey.

Mysterious visitors to holdings

Reports of certain visitors paying “unexpected” visits to various Turkish holdings and company headquarters are currently being spread in economy circles. As these guests are connected or close in some way or other to the ruling Justice and Development Party (AKP), their visits can hardly be perceived as routine. These influential people are not making their visits for a cup of coffee. They send a short and clear message to the chairman of the executive board or to the general director, asking them to make a statement criticizing the Hizmet movement.

LDP leader says received ‘indecent proposal’ from pro-gov’t paper

“They said I would make the headline story of the newspaper if I agreed to speak to them about the existence and alleged activities of a parallel state. I rejected this indecent proposal. Let them keep their headlines and proposal,” the LDP leader said on Thursday, speaking to Today’s Zaman.

Right to dissent in Turkey

The primary reason why members of Hizmet (Service), a faith-based social movement inspired by Islamic scholar Fethullah Gülen, have been attacked, vilified and stigmatized by a government that is dominated by overzealous political Islamists and pro-Iranian sympathizers is that Gülen is standing up to the increasingly authoritarian powers of Erdoğan, who has seized control of the republic’s institutions including the judiciary, leading to increased polarization and tension in Turkish society.

Reactions pour in over Turks’ controversial arrest in Malaysia as UN joins calls against extradition

The UN Human Rights Office for South-East Asia has expressed serious concern about the recent arrests of three Turkish nationals in Malaysia, joining calls on the government to refrain from extradition.

Latest News

Sacramento leaders gather for Iftar dinner in celebration of Ramadan

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

In Case You Missed It

Gülen donates Manhae award honorarium to Peace Projects

Jews and Muslims Break Their Fasts Together

Turkish daily exposes secret plot against Gülen endorsed by gov’t

Arab Students in Turkey Facing Arbitrary Arrest

High court accepts indictment against Cihaner and Gen. Berk

Fears for Gulen-inspired Turkish schools in Pakistan grow

Woman detained along with 40-day-old baby while visiting jailed husband

Copyright 2026 Hizmet News