It seems that investment bank of Societe Generale SA goes out of depression, Bloomberg reports.

Unit showed earnings higher than expected in the second quarter due to increased income from financial deals. French bank was able to handle difficult environment in Europe, characterized by stable economic growth, but high level of risks, and benefit from higher demand for prime services and volatility of rates and commodities.

Consumer sector and international sectors profitability as well as performance of financial sector was better than forecasted.

Revenue from stocks trading and prime services fell 4%, while revenue from bonds, currencies and commodities buying and selling fell 1% compared with last year. Financing and advisory revenue grew 5% to the highest level in two years.

As a whole number got better than in the first quarter, when bank disappointed investors. However, they are still lacking compared with large US firms trading.

Societe Generale’s shares already lost 12% this year.

Net income was 1,16 billion euro, which is higher than forecasted 1 billion.