Figures published today (8 November) by France's second-largest bank revealed that the continuing uncertainty surrounding the eurozone and its exposure to unstable markets were the primary reasons behind this fall.
Throughout the three-month timeframe, the financier experienced a drop in net profits to â¬622 million ($857 million) in comparison to the â¬896 million recorded in the corresponding period in 2010.
However, its revenue went up slightly against last year's figures and, in a statement, the company indicated it is making provisions to strengthen its capital requirements ahead of the implementation of new European Banking Authority rules.
This comes after France's biggest bank - BNP Paribas - posted a slip in net profit of 72 per cent to â¬541 million in quarter three.
By Asim Shah