Aug 3 (Reuters) - French bank Credit Agricole said on Wednesday it had finalised a major overhaul of ties with its mutualist parent as its laggard retail division LCL reported a sharp drop in second quarter profits. Société Agricole reported an increase in Q2 net income of 25.8 % to € 1.16bn ( $ 1.3bn ) despite losses at LCL , the bank 's retail unit , of 37.6 % . The higher profits were offset by a € ##100 m capital gain from the sale of its stake in card payment provider VISA Europe .
Société Agricole reported an increase in Q2 net income of 25.8 % to € 1.16bn ( $ 1.3bn ) despite losses at LCL , the bank 's retail unit , of 37.6 % . The higher profits were offset by a € ##100 m capital gain from the sale of its stake in card payment provider VISA Europe .