Tough trading conditions pegged back profit growth at SG Corporate & Investment Banking in the third quarter, as the division's net profits climbed 5% to €523m ($668m).

Revenues rose faster than costs on a like-for-like basis during the three months to September, climbing 7% to €1.5bn. Expenses increased 5% to €831m on the same basis, taking into account changes in the French banking group's structure.