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

Turkish finance minister declines to comment on ‘color lists’

Finance Minister Mehmet Şimşek on Tuesday declined to comment on a question about claims that the government recruits public sector employees using “color lists” to avoid people affiliated with groups such as the Hizmet movement and critics of the government.

Turkish official says 252 companies seized over Gülen links

The companies are alleged to be connected to the Gülen movement, a civic initiative based in Turkey, with the government coining the term “FETÖ” to designate the movement a terrorist organization despite the lack of any court verdict to that effect. A court last week in fact ruled out the existence of such an organization named “FETÖ.”

Hizmet movement rejects claim of forming political party

Hizmet says it is both practically and theoretically impossible to form a political party or to support a specific party, as it has volunteers from many different political ideologies. “This movement, which has no other goals than to serve humanity, would only advise its volunteers to form their political stances according to certain principles, like human rights, democracy, transparency, justice, pluralism, rule of law and freedom of expression and belief,” the statement said.

Another woman faces detention at hospital just after giving birth

Elif Coşkun, who just gave birth on Monday night in Turkey’s western province of İzmir, will reportedly be taken into custody at the hospital due to her links to the faith-based Gülen movement, according to an opposition deputy.

Iranian gold stars in Turkish corruption scandal

It is difficult to predict how the bribery/corruption investigation into several Turkish ministers will end. Although there are those who frame the event as a power struggle between the Fethullah Gulen movement and the government, conspiracy theories expand its dimensions to include the United States and Iran. The government is looking for US and Israeli hands in the operation because of the use of Halkbank to circumvent the sanctions imposed on Iran.

Censored by theft: Man caught stealing copies of Zaman daily

In the video footage, the young man is seen stealing three Zaman newspapers placed in the mail boxes of an apartment building. When asked by the subscriber who was filming why he was stealing the newspapers, the thief said his father was the AK Party’s Beylikdüzü provincial chairman and that his father had initiated the campaign against Zaman because it is defaming the party.

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 Physicians heal Somali sufferers

Nigerians to showcase culture at Abuja festival

Cuba wins Kimse Yok Mu cartoon competition

Turkish authorities deny release to critically ill cancer patient arrested on Gülen links

How Erdogan is covering up the corruption scandal

Koza gold firm starts up company in UK

Şifa University rector says gov’t move to shut down hospitals won’t affect education

Copyright 2026 Hizmet News