March 2, 2017 / 11:38 AM / 6 months ago

BRIEF-Yapi Kredi sells 140-million euro NPL portfolio

March 2 (Reuters) - UniCredit says:

* Instanbul-based Yapi Kredi sells non performing credit portfolio, composed of credit cards and individual loans, worth total of 140 million euros

* sale is part of UniCredit's ongoing strategy to reduce non performing exposure (NPE), but transaction will not impact UniCredit's NPE

* Yapi Kredi is 81.8 percent owned by Koc Finansal Hizmetler As, which is in turn 50 percent owned by UniCredit. Further company coverage: (Reporting by Milan newsroom)

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