Credit Agricole reported a 0.6% rise in second-quarter net profit on Thursday, which beat an average forecast, and said the U.S. subprime mortgage crisis has had a limited impact on it.
Net profit at France's biggest retail bank rose to 1.292 billion euros ($1.76 billion), with earnings boosted by growth at its overseas operations.
Twenty analysts polled by Reuters gave an average net profit forecast of 1.106 billion euros.
Credit Agricole's profit rise comes after BNP Paribas, France's largest-listed bank, posted a 20% increase in second-quarter net profit while rival Societe Generale saw its net profit rise 33%.
Credit Agricole's results come amid uncertainty over credit market conditions following losses in the U.S. subprime mortgage sector that have caused banking shares to slump worldwide over the last month.