The Farmers Bank of China was a major bank in China, one of the "big four" banks of issue in the 1930s together with the Bank of China, Bank of Communications, and Central Bank of China.[2]
Overview
The Farmers Bank was founded on 1933-4-1 in Hankou (modern day Wuhan) from the amalgamation of provincial agricultural banks in Henan, Hubei, Anhui and Jiangxi. Governed by the Farmers Bank of China Law, the bank was established to stimulate agricultural development by providing lines of credit to farmers and rural landowners. The loans were intended for use to purchase equipment and crops. The bank was initially under majority government ownership.
The bank became one of the four major banks of the Nationalist era of China. Along with the Central Bank of China (currently the Central Bank of the Republic of China), Bank of China and Bank of Communications, the Farmers Bank of China was allowed to issue