Aug 29 (Reuters) - Canadian Imperial Bank of Commerce ( CM )

reported a rise in third-quarter profit on Thursday, as

the lender set aside smaller funds to cover potential loan

losses.

The bank's adjusted net income rose to C$1.90 billion

($1.41 billion), or C$1.93 per share, in the three months ended

July 31, from C$1.48 billion, or C$1.52 per share, a year

earlier.

($1 = 1.3456 Canadian dollars)