Credit Agricole's corporate and investment banking unit weigh on profitability

PARIS (Reuters) - Credit Agricole <CAGR.PA>, France's second-largest bank in terms of market capitalisation, said on Friday that a weak performance at its corporate and investment unit had weighed on its profits during the second quarter.

Credit Agricole's overall net profit fell 15% to 1.22 billion euros (1.12 billion pounds) out of revenues down 0.4% to 5.15 billion euros.

UBS analysts had expected a net profit of 1.23 billion.

Credit Agricole's corporate and investment banking unit's net profit fell 22% to 460 million euros.

(Reporting by Inti Landauro and Matthieu Protard; Editing by Sudip Kar-Gupta)