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 .
Credit Agricole recorded an increase in Q2 net income of 25.8% to €1.16bn ($1.3bn) despite profit at LCL, the bank's retail unit, falling 37.6%. The higher profits were buoyed by a €328m capital gain from the sale of its stake in card payment group VISA Europe.