French lender Societe Generale has reported a net income of €932m for the third quarter of 2017, a decrease of 15% compared to €1.1bn in the year ago period.

Gross operating income for the period ended 30 September 2017 was €1.95bn, down 2% from €1.99bn in the same period last year. Operating expenses remained almost unchanged at €4bn.

The group’s common equity tier 1 ratio at the end of 30 September 2017 was 11.7%.

The bank’s French retail banking arm posted a net income of €310m for the third quarter of 2017, down 12% from €353m in the previous year. The division’s gross operating income dropped 19% to €563m from €696m last year.

Net income at the bank’s international retail banking & financial services unit stood at €500m, up 9% from €457m a year ago. The unit’s gross operating income increased 3% year-on-year to €916m.

Societe Generale CEO Frederic Oudea said: “Despite an unfavourable financial environment, Societe Generale generated resilient Q3 results, driven in particular by International Retail Banking & Financial Services. The Group continued to improve its risk profile and pursued its investments, in order to meet the needs of its customers and respond to changes in the methods of using banking services.”