Citigroup (C.N) has sold its nearly 10 percent stake in Turkey’s Akbank (AKBNK.IS) for $1.2 billion, the U.S. lender said on Thursday, its latest disposal of overseas assets to cut costs and boost profits. New York-based Citi has been paring back in international markets in recent years, pulling out of retail banking in Turkey as well as long-established businesses such as Japan. Citi, which had been the second-largest shareholder in Akbank, said the sale would not have a material impact on its finances.