Former bank in Mainland China from 1933–1949 and Taiwan from 1967–2006
You can help expand this article with text translated from the corresponding article in Chinese. (January 2022) Click [show] for important translation instructions.
View a machine-translated version of the Chinese article.
Machine translation, like DeepL or Google Translate, is a useful starting point for translations, but translators must revise errors as necessary and confirm that the translation is accurate, rather than simply copy-pasting machine-translated text into the English Wikipedia.
Consider adding a topic to this template: there are already 288 articles in the main category, and specifying|topic= will aid in categorization.
Do not translate text that appears unreliable or low-quality. If possible, verify the text with references provided in the foreign-language article.
You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation. A model attribution edit summary is Content in this edit is translated from the existing Chinese Wikipedia article at [[:zh:中國農民銀行]]; see its history for attribution.
You may also add the template {{Translated|zh|中國農民銀行}} to the talk page.
For more guidance, see Wikipedia:Translation.
Farmers Bank of China[1]
A 1941 banknote issued by the Farmers Bank of China
Company type
Joint stock company
Industry
Banking
Founded
April 1, 1933; in Hankou (present day Wuhan, Hubei) May 20, 1967; in Taipei, Taiwan Province
Defunct
October 1, 1949 (Mainland China) May 1, 2006 (Taiwan)
Fate
Mainland assets incorporated into the People's Bank of China, remnants acquired by Taiwan Cooperative Bank in 2006
Successor
People's Bank of China Taiwan Cooperative Bank
Headquarters
85 Nanjing East Road, Section 2, Taipei, Taiwan, R.O.C.
Key people
Chen Zhong, Chairman
Products
Financial services
Revenue
USD 430 million (2005)
Total assets
USD 18.23 billion (2005)
Number of employees
2,339 (2005)
Website
www.farmerbank.com.tw
Farmers Bank of China
Traditional Chinese
中國農民銀行
Simplified Chinese
中国农民银行
Transcriptions
Standard Mandarin
Hanyu Pinyin
Zhōngguó nóngmín yínháng
The Farmers Bank of China was a Chinese bank founded on April 1, 1933, 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 of Taiwan Building on the Bund served as Shanghai headquarters for the Farmers Bank of China between 1945 and 1949[2]
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 its own banknotes until 1942.
The bank was relocated to Chongqing in 1937, along with Kuomintang-led Nationalist Government during Second Sino-Japanese War and relocated to the former Japanese colony of Taiwan in 1949 because of the Chinese Civil War. However, it was not until May 20, 1967 that the bank resumed operations after relocating to Taiwan.
The Government of the People's Republic of China incorporated the bank's assets in Mainland China into the People's Bank of China, but later transferred these to the Agricultural Bank of China.
From 1967 until 2006, the bank opened and operated 107 branches throughout Taiwan. It also operated overseas offices in Los Angeles and Seattle.
The Taiwanese government undertook a reform of the banking industry in 1992 with the listing of state-owned banks on the stock exchange. The Farmers Bank of China was partially privatized in 1994, and all government shares were put on the market in 1999. Accordingly, the Farmers Bank of China Law was repealed by Legislative Yuan in 2005 to complete full privatization of the bank.
The bank was the 14th largest lender in Taiwan until the bank was acquired by the Taiwan Cooperative Bank (合作金庫銀行) on May 1, 2006.[3]
^"FARMERS BK CHINA TWD10 Company Information". Forbes. 2006-04-10. Retrieved 2012-12-12.
^"The Farmers Bank of China - 中國農民銀行". Asia Money. January 2019.
The FarmersBankofChina was a Chinesebank founded on April 1, 1933, in Hankou (modern day Wuhan) from the amalgamation of provincial agricultural banks...
July 1951, two banksof the Republic ofChina, FarmersBankofChina and Cooperation Bank, merged to form the Agricultural Cooperation Bank, which ABC regards...
China, Bank of China, Bank of Communications, and FarmersBankofChina. The NIBC merged with Bankof Communications in 1935, although its branch in Hong...
the Thai FarmersBank, is a banking group in Thailand. KBank was established on 8 June 1945 (2488 BE) by Choti Lamsam, with registered capital of five million...
Danish Farmers' Bank, Mortgage and Exchange Bankof Copenhagen"), and was commonly known as Landmandsbanken ("the Farmers' Bank"). In 1976, the bank changed...
China is more pervasive than in any other country, as 80% of all gold farmers are in mainland China, with a total of 100,000 full-time gold farmers in...
20 Exchange Place, formerly the City Bank–Farmers Trust Building, is a skyscraper in the Financial District of Lower Manhattan in New York City. Completed...
Farmers and Merchants Bank (F&M) is a historic lending institution (1871−1952) based in Downtown Los Angeles, California. It is known both for its architecture...
China originally joined the World Bank Group (WBG) on December 27, 1945. However, after the Chinese Civil War, the World Bank recognized the Republic...
Yadanabon Bank Yangon City Bank SME-Development Bank Asia Green Development Bank Ayeyarwady Bank Ayeyarwaddy Farmers Development Bank (A Bank) Co-operative...
China today, poverty refers mainly to the rural poor. Decades of economic development has reduced urban extreme poverty. According to the World Bank,...
Bank Farmers and Merchants Bank (Mountain View, Arkansas) Farmers and Merchants Bank-Masonic Lodge FarmersBank Building (Leslie, Arkansas) Farmers State...
2019. China has the world's largest foreign-exchange reserves worth $3.1 trillion, but if the foreign assets ofChina's state-owned commercial banks are...
government controlled banks: the BankofChina, Central BankofChina, Bankof Communications, and later the FarmersBankofChina. Chinese people were required...
Land bank may refer to: Land Bankof Taiwan, a wholly state-owned bankof the Republic ofChina (Taiwan) Land Bankof the Philippines, a bank in the Philippines...
The history of banking began with the first prototype banks, that is, the merchants of the world, who gave grain loans to farmers and traders who carried...
Most of its equity capital was held by domestic Chinesebanks, including the "big four": FarmersBankofChina, Bankof Communications, Central Bankof China...
Aliaga Farmers Rural Bank, Inc. ARDCIBank, Inc. - A Rural Bank ASPAC Rural Bank, Inc. AuroraBank, a microfinance-oriented rural bank Balanga Rural Bank, Inc...
Global Information
USD 430 million (2005)