ISTANBUL, July 31 (Reuters) - Emirates NBD Group CEO ShayneNelson said that the bank would support Turkey's Denizbank if itneeded a capital increase, as the Dubai-based bank completed thepurchase of Denizbank on Wednesday.
Speaking at the signing ceremony of Sberbank's sale of itsshares in Denizbank to Emirates NBD, Nelson said that NBD is along-term investor in Turkey.
In April, Emirates NBD said it was buying Denizbank fromSberbank for 15.48 billion lira ($2.8 billion), lower than apreviously agreed price. Turkey's BDDK banking watchdog approvedthe transaction in June and the sale was completed on Wednesday.($1 = 5.5250 liras)(Reporting by Ali KucukgocmenEditing by Dominic Evans)