Net profits at Societe Generale’s corporate and investment banking arm slipped 5% to €305 million in the third quarter as higher equities trading revenues failed to fill the gap left by a one-fifth drop in revenues from fixed income, currencies and commodities.

Profits at the division fell from €322 million in the third quarter, as revenues from SocGen's core CIB businesses - financing, advisory and global markets - declined from €1.7 billion a year ago to €1.6 billion.