BOC profit growth slips in Q3 amid housing slump
Bank of China Ltd, the nation’s fourth-largest lender, posted its weakest quarterly profit growth in two years as a housing slump exacerbated a slowdown in the economy. Third-quarter net income increased 4.9 percent to 41.4 billion yuan ($6.8 billion), according to aHong Kong exchange filing on Thursday. That compared with the 42.7 billion yuan median of 11 estimates in a BloombergNews survey. The central bank has provided cash to individual lenders to support growth, while avoiding any acrossthe-board cut in interest rates or reserve ratio requirements.