Germany's Commerzbank says Q3 net income rose by 15% to €77M as it cut costs and took fewer losses.
Cut said preliminarily agreed with labor unions as part of bank's €2-billion retrenchment.
Germany's no. 2. bank lost €94 million in the first quarter after taking heavy charges for job reductions.
Martin Blessing says he will not draw any performance-related pay after a year of meager profits and no dividend for shareholders.
Charges plump up largest quarterly loss in three years.
