Société Générale's corporate and investment banking division quadrupled net profits to €281m ($321m) in the third quarter on the back of a strong performance in fixed income and a pick-up in equity and advisory business. The division made a €72m profit in the same period a year ago.

SG Corporate & Investment Banking generated net income of €117m from its equity and advisory business, compared with a loss of €30m last year. Net revenues from corporate banking and fixed income increased by 61% to €164m from €102m in the same quarter last year.