digplanet beta 1: Athena
Share digplanet:

Agriculture

Applied sciences

Arts

Belief

Business

Chronology

Culture

Education

Environment

Geography

Health

History

Humanities

Language

Law

Life

Mathematics

Nature

People

Politics

Science

Society

Technology

Bank Asya
Participation Bank
Industry Financial Services
Founded October 24th, 1996
Headquarters Istanbul, Turkey
Key people

Erhan Bilgili - Chairman of the Board of Directors;

Ahmet Beyaz- Board Member President & CEO[1]
Number of employees
over 5,100
Website www.bankasya.com

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.[citation needed]

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,[2] and is widely considered to be founded and operated by his followers.[3] By the end of 2013, the relationship between the Gulen movement and the ruling AK Party soured, and the Gulen movement was declared a national security threat. Consequently, Bank Asya lost a large fraction of its deposits and its lucrative contracts with the government agencies. Its net income plummeted 81% on the second quarter of 2014. Its stocks are currently suspended by BIST (Istanbul Stock Exchange), due to the uncertainties about its ownership structure. Two separate acquisition deals (by Qatar Islamic Bank and by Turkish state owned Ziraat Bank) fell apart. Finally, on August 25, 2014, Moody's downgraded the bank with the statement "During this period, the bank's net income declined by 81% compared to last year. Additionally asset quality also deteriorated. These sharp deterioration trends in financial fundamentals resulted in lowering the bank's rating."

History[edit]

1996

  • Bank Asya was founded on October 24 in Istanbul, Turkey

1997

  • 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)

1998

  • Bank Asya launched credit card activities
  • Established online banking correspondence with all Yapı Kredi branches
  • Sultanhamam branch was opened

1999

  • Bank Asya became subject to Turkish Banking Law

2000

  • 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)

2001

  • The Union of Private Finance Houses was founded
  • The Regulation for Foundation and Activities of Private Finance Houses began operations on September 20

2002

  • 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

2003

  • 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

2004

  • 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

2005

  • 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

2006

  • 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

2007

  • 26 new branches were opened. Bank Asya branches have increased to 118
  • New Head Office building in Ümraniye commenced service on October 1

2008

  • 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

2009

  • Bank Asya was displayed as the bank having the most effective performance in the "Top 1000 World Banks" list of 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[4]

2010

  • Second Murabaha syndication - 250 million USD
  • Bank Asya ranked 403 in The Banker‘s Top 500 Banking Brands listing the leading names

2011

  • 300 million USD murabaha syndication

Ratings[edit]

Moody's[edit]

Moody's Ratings
Moody's 2010
Long term FC Deposit Ba3
Short term FC Deposit B1
Long term LC Deposit Ba2
Short term LC Deposit Ba1

[5]

Fitch[edit]

Fitch Ratings
Fitch 2010
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)

[6]

Subsidiaries[edit]

IŞIKSİGORTA[edit]

  • 65.42% ownership - non-life insurance company with 183 million TL in assets.

TUNA REIT (Real Estate Investment Trust)[edit]

  • Established in 2009 [7]
  • 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[edit]

  • 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

References[edit]

External links[edit]


Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Bank_Asya — Please support Wikipedia.
This page uses Creative Commons Licensed content from Wikipedia. A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia.
7251 videos foundNext > 

Yiğit Bulut, Ali Babacan'ın Bank Asya açıklamasını yalanladı !

Yiğit Bulut, Ali Babacan'ın Bank Asya açıklamasını yalanladı ! Yiğit Bulut büyük vurgunu deşifre etti Başbakan'ın Başdanışmanı Yiğit Bulut, Babacan'ın, “Bank...

Fethullah Gülen Gizli Ses Kaydı Bank asya Para Yatırılması Talimatı Dinle

Bank Asya'nın Açılışı (1996)

Efendim, 1996 yılında RTE ve Abdullah Gül'ün Bank Asya açılışında bulunmuşlar tabi o zamanlar Fetullah Gülen'in yancısı misali dibinden ayrılmıyor bizimkiler.

Babacan'dan flaş Bank Asya açıklaması

Cumhurbaşkanı Recep Tayyip Erdoğan'ın Bank Asya ile ilgili olarak, “BDDK kararını vermeli, aksi takdirde sorumlu olur.” sözleri, ekonomi gündemine oturdu. Er...

Bank Asya 1.Lig Şarkısı

http://turkfutbolu.blogspot.com/ paylaşımıdır. Daha fazlası için sitemizi ziyaret edebilirsiniz. 1.Lig' in eski sponsoru Bank Asya' nın yaptırdığı lig şarkıs...

FETHULLAH GULEN BANK ASYA TELAŞI (SES KAYDI)

Twiiter ... @saqalligenc.

Bank Asya Genel Müdürü Ahmet Beyaz'dan ses getirecek açıklama

Bank Asya Genel Müdürü Ahmet Beyaz çok ama çok önemli açıklamalar yaptı... Milletin kendi öz kaynaklarıyla kurduğu bankaya yine milletin sahip çıktığını söyl...

Ses kaydi: Fethullah Gülen Bank Asya Talimatı BDDK'da adamlarımız var

Fettullah Gülen'in Bank Asya'ya para yatırılması ile ilgili talimatları: BDDK'da adamlarımız var. Görüşme Tarihi: 21 Aralık 2013 - Aloooo - Buyur - Ya Abdull...

Nurettin Veren: "Samanyolu, Zaman ve Bank Asya nasıl kuruldu?"

Bir zamanlar anlattıklarına "yok artık" deyip kimse inanmamıştı! Nurettin Veren anlatıyor.. Samanyolu, Zaman ve Bank Asya nasıl kuruldu?

BANK ASYA 1.LİG FENERBAHCE TRAILER HD

Fenerbahçe'ye Bank Asya 1.liginde başarılar.

7251 videos foundNext > 

18930 news items

Daily Sabah

Daily Sabah
Thu, 08 Jan 2015 15:44:55 -0800

Investigators from the Banking Regulation and Supervision Agency (BBDK) and the Financial Crimes Investigation Board (MASAK), have raided the Yıldırım branch, one of the biggest branches of Bank Asya in the province of Bursa. The BDDK and MASAK ...

Daily Sabah

Daily Sabah
Fri, 09 Jan 2015 15:13:46 -0800

TL 92 million ($396.46 million) has been collected from the financiers of the Gülen Movement for Bank Asya this week. Kaynak Holding transfered more funds than its shareholding amount. The financiers have been providing funds required for the capital ...

Hurriyet Daily News

Reuters
Fri, 09 Jan 2015 03:03:30 -0800

"We obtain 41.3 million lira profit through this sale and we expect this to have a positive impact on first quarter profitability," Cengiz Onder, Bank Asya's head of investor relations, told Reuters. Tamweel Africa Holding is based in Senegal. The run ...
 
Daily Sabah
Mon, 12 Jan 2015 16:38:06 -0800

While all of Bank Asya's partnership negotiations with foreign and local banks have failed within the past year, it has sold four of its subsidiaries and decided to increase its paid capital by 25 percent. Bank Asya, which is known for its close links ...

Daily Sabah

Daily Sabah
Wed, 07 Jan 2015 16:00:00 -0800

Bank Asya, which is associated with the Gülen Movement, has been laying off its staff by closing its branches one by one, and now, with the paid capital increase it will apply, it will place another burden on its investors. The bank, which within the ...
 
Daily Sabah
Fri, 09 Jan 2015 15:03:45 -0800

The teams from the Banking Regulation and Supervision Agency (BDDK) and from the Financial Bureau of the Provincial Directorate of Security have completed their investigation of Asya Katılım Bank's (Bank Asya) Yıldırım branch located in the province of ...

Sabah

Sabah
Sun, 25 Jan 2015 17:07:30 -0800

Paralel yapının finans kuruluşu olarak bilinen Bank Asya'nın yönetiminde sular durulmuyor. Bankanın yönetim kurulunda bulunan Ercüment Güler ve 2 Ocak'ta atanan Ahmet Sait Kavurmacı, 22 gün sonra görevinden ayrıldı. Bankadan Kamuyu Aydınlatma ...
 
Cihan News Agency
Mon, 19 Jan 2015 07:45:00 -0800

A recent amendment to the Capital Market Law, which was submitted to Parliament late in October, is likely to encourage speculation over lenders and protect those who supported a government-led smear campaign against Bank Asya. According to the ...
Loading

Oops, we seem to be having trouble contacting Twitter

Support Wikipedia

A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia. Please add your support for Wikipedia!

Searchlight Group

Digplanet also receives support from Searchlight Group. Visit Searchlight