Bloomberg reports that the National Bank of Greece SA (NBG) intends to sell a 40% stake of Turkey’s Finansbank in a secondary share offering to be completed by the end of 2015, according to NBG’s Deputy Chief Executive Officer Paula Hadjisotiriou. Amongst the banks that are cited as coordinators of the sale are Goldman Sachs, Morgan Stanley and the Bank of America Corporation.

Greece’s lenders have raised more than 8.3 billion euros ($10.7 billion) from investors this year but there’s a possibility that they may need more capital to resolve non-performing loans, said the International Monetary Fund (IMF) in June.

NBG Spokesman Dimitris Spyropoulos repeated the Greek bank’s position that only a minority stake of its Turkish subsidiary will be sold and it is expected that the Greek bank will raise $1.5 billion from this sale.