ATHENS—National Bank of Greece SA, the country's largest lender, said Tuesday it plans to sell its Turkish unit to cover a capital shortfall uncovered by the European Central Bank.

NBG said it would sell its Turkish subsidiary, Finansbank, which has a tangible book value of €3.4 billion. No further information was given.

The move is part of its plans to cover a capital shortfall of up to €4.60 billion, according to the results of a health check performed by the ECB on Greece's top lenders.

Each bank is now required to say it plans to raise this capital by Friday. Greece's four largest banks will need up to €14.4 billion.

Write to Stelios Bouras at stelios.bouras@wsj.com

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(END) Dow Jones Newswires

November 03, 2015 20:15 ET (01:15 GMT)