Frankfurt - Shares in Commerzbank AG bounded ahead Monday after Germany's second biggest bank said it was tapping the government's bank rescue fund for an 8.2 billion-euros (10.6 billion dollars) capital injection after posting a third-quarter loss.

The announcement it was to receive aid from the 470-billion-euro fund to strengthen its capital base came as the bank unveiled a 285- million-euro net loss in the three months to the end of September in the wake of the world financial crisis.

The third-quarter loss compared to a 339-million-euro net profit in the same period last year.

As a result of receiving the capital injection, Commerzbank said it will not pay a dividend this year and in 2009 and will limit the annual salary of its chief Martin Blessing to 500,000 euros.

"We have decided to make use of the package because this is good for the bank, its employees and its clients," said Blessing.

Commerzbank shares rose 6.8 per cent in early trading Monday.

Commencing on the capital injection from the fund, Commerzbank said the increase "reflects the sharp rise in capital requirements demanded by supervisory authorities, rating agencies and the capital market in the wake of the financial crisis."

Announcing its latest quarterly results, Commerzbank said it was increasing loan loss provisions to 628 million euros from 414 million euros.

Commerzbank's decision to turn to the government rescue fund followed comments made on Sunday by Deutsche Bank AG Josef Ackermann again ruling out Germany's biggest bank taking advantage of the bailout scheme.

Ackermann told German television that Deutsche was strong enough without state aid. (dpa)