Questions over Bank Asya’s future mount amid row of gov’t officials

The pressure on Islamic lender Bank Asya is growing as it has pit two senior government figures against each other amid a whirlwind day that saw the annulment of deals with two state institutions and suspension of its shares’ trading at the stock exchange. The lender has been under scrutiny after contradicting statements from Deputy Prime Minister Ali Babacan and Prime Minister Erdo?an’s economic adviser Yi?it Bulut regarding the possibility of its acquisition by state-owned lender Ziraat. Amid the political figures’ ongoing row, the lender received another blow when the Revenue Administration and state social security institution announced ending service deals with the lender. Bank Asya downplayed the impact of the annulment, but vowed to use its legal rights against the decision.