|This article relies on references to primary sources. (August 2011)|
|Founded||October 24th, 1996|
Erhan Bilgili - Chairman of the Board of Directors;Ahmet Beyaz- Board Member President & CEO
Bank Asya was established in October 24, 1996 with its head office in Istanbul, as the sixth private finance house of Turkey. The company's name, which had been previously "Asya Finans Kurumu Anonim Şirketi" (Asya Finance Incorporated Company), was changed into "Asya Katilim Bankasi Anonim Şirketi" (Asya Participation Bank Inc.) on December 20, 2005.
Bank Asya, with an initial capital of TRY2 million and current paid up capital of TRY900 million, has a multi-partnered structure based on domestic capital. At the end of 2009, Bank Asya’s total assets reached TRY14 billion. Bank Asya rose by 47 places in the “Top 1000 World Bank Ranking” of “The Banker” Magazine in 2010, rising to 473 from 520. At the same time, Bank Asya ranked 403rd on “The Banker’s Top 500 Banking Brands”. Bank Asya has also become the largest participation bank in Turkey.
Bank Asya carries out its activities with 182 branches, 2 national and 1300 foreign correspondent banks besides the head office units as of May 2011.
The bank has been strongly tied to the controversial Gülen movement, led by the Islamic cleric and preacher Fethullah Gülen, and is widely considered to be founded and operated by his followers.
- Bank Asya was founded on October 24 in Istanbul, Turkey
- 14 branches were opened in 10 cities (branches include Kadiköy, Merter, Şişli, Güneşli, Pendik(İstanbul), Ulus (Ankara), İzmir, Bursa, Konya, Gaziantep, Kayseri, Eskişehir, Antalya and Aydin)
- Bank Asya launched credit card activities
- Established online banking correspondence with all Yapı Kredi branches
- Sultanhamam branch was opened
- Bank Asya became subject to Turkish Banking Law
- Online Banking became available to the public
- 9 branches were opened (branches ınclude Ostim (Ankara), Diyarbakir, Erenköy, Ümraniye, Fatih, Gaziosmanpaşa (İstanbul), Gebze, Erzurum and Samsun)
- The Union of Private Finance Houses was founded
- The Regulation for Foundation and Activities of Private Finance Houses began operations on September 20
- 3 branches were opened (branches include Denizli, Adapazari and Beylikdüzü)
- Private Finance Houses Private Current and Savings Accounts Safety Fund Regulation began operation on September 18
- Installment credit cards were launched
- ATMs were put into service
- Correspondent banking relations were established with Türk Ekonomi Bankasi and Denizbank branches
- 17 branches were opened
- Correspondent banking relation was established with Şekerbank branches
- Tax collection authority was granted by the Ministry of Finance
- Nationwide facility for credit card payment and money transfers by Asya Finans customers through on-line PTT branches was initiated
- Bank Asya became a member of VISA on October 24
- Alo Asya (444 4 888) Telephone Banking was put into operation on January 1 and March 17, for retail and corporate customers, respectively
- 19 branches were opened
- The organizational structure of the Head Office was changed and operations began being carried out by 24 units
- The company name, which had been previously "Asya Finans Kurumu A.Ş.", was changed into "Asya Katilim Bankasi A.Ş."
- Membership agreement was signed with MasterCard on May 18
- Bank Asya launched chip credit card activities
- Bank Asya became registered in the presence of Trade Register Office of Istanbul on December 20
- Paid-up capital has increased from TL 120 million to TL 240 million
- 11 branches were opened
- On May 12, Bank Asya shares began tradıng at the (İstanbul Stock Exchange) ISE with the code of ASYAB
- Paid-up capital has increased from TL 60 million to TL 300
- 26 new branches were opened. Bank Asya branches have increased to 118
- New Head Office building in Ümraniye commenced service on October 1
- Bank Asya became title sponsor for the First League of Turkish Football Federation
- AsyaCard DIT, the most extensive, off-line credit card of Europe, and AsyaPratik DIT, the first pre-paid bank card of Turkey, were brought into use
- The first transportation project with which AsyaCard can be used has been put into service and AsyaCard began to be used for transportation in Kahramanmaras
- Paid-up capital has increased to TL 900 million
- Number of branches has increased to 149
- Bank Asya was displayed as the bank having the most effective performance in
the "Top 1000 World Banks" list of world-known financial magazine, The Banker.
- The first contactless prepaid bank card of Turkey, DIT Pratik, ranked first in 2009 category
- A strategic cooperation agreement was signed between Bank Asya and ICD, one of the corporations of Islamic Development Bank (IDB) and Bank Asya went in a partnership with Senegal - based Tamweel Africa Holding SA
- Assets reached TL 11,6 billion; increasing 43% compared to the same period of the last year
- Reaching 22,2% profit rate Bank Asya has become the most profitable interest - free bank of Turkey for last three years
- Number of branches has increased to 158
- Second Murabaha syndication - 250 million USD
- Bank Asya ranked 403 in The Banker‘s Top 500 Banking Brands listing the leading names
- 300 million USD murabaha syndication
|Long term FC Deposit||Ba3|
|Short term FC Deposit||B1|
|Long term LC Deposit||Ba2|
|Short term LC Deposit||Ba1|
|Long Term Foreign Currency||B+|
|Long Term Local Currency||B+|
|Short Term Foreign Currency||B|
|Short Term Local Currency||B|
|National Long Term||A-+(tur)|
- 65.42% ownership - non-life insurance company with 183 million TL in assets.
TUNA REIT (Real Estate Investment Trust)
- Established in 2009 
- Development of residential and saleable real estate and generation of rental revenue from its own real estate portfolio.
- STRATEGY: IPO in 3 years
TAMWEEL Africa Holding
- Bank Asya and ICD (Islamic Corporation for the Development of the Private Sector), a subsidiary of the Islamic Development Bank jointly carry out interest-free banking activities in West Africa
- Bank Asya owns a 40% stake and ICD 60% in Senegal-based Tamweel Africa Holding SA
- Tamweel Africa Holding SA owns 4 banks in Niger, Senegal, Guinea, and Mauritania
- Plans for opening 2 new banks in Benin and Mali
- Partnership could expand up to 22 countries in Africa
- Benjamin Harvey (23 December 2013). "Erdogan Retaliation Seen Hurting Gulen Companies: Istanbul Mover". Bloomberg News. Retrieved 19 January 2014.
- Helen Rose Fuchs Ebaugh (1 December 2009). The Gülen Movement: A Sociological Analysis of a Civic Movement Rooted in Moderate Islam. Springer. p. 109. ISBN 978-1-4020-9894-9.
- Asya Katilim Bankasi AS (Bank Asya)