 | |
| Company type | Subsidiary undertaking |
|---|---|
| Industry | Commercial banking |
| Founded | 12 November 1928 |
| Headquarters | , |
| Products | Agricultural mortgages |
| Parent | Lloyds Banking Group |
| Website | www |
| Agricultural Mortgage Corporation Act 1958 | |
|---|---|
| Act of Parliament | |
 | |
| Long title | An Act to enlarge the amounts which may be advanced to the Agricultural Mortgage Corporation Limited by the Minister of Agriculture, Fisheries and Food for the purpose of increasing the Corporation's guarantee fund, and to extend the period during which the Minister may give the Corporation assistance by way of annual grant or loan. |
| Citation | 7 & 8 Eliz. 2. c. 2 |
| Dates | |
| Royal assent | 18 December 1958 |
| Other legislation | |
| Repealed by | Statute Law (Repeals) Act 1977 |
Status: Repealed | |
The Agricultural Mortgage Corporation plc (AMC) was formed in 1928 under the Agricultural Credits Act, to provide long term mortgages for land and redeveloping farming and rural-based businesses. Initially jointly owned by the Bank of England and the main clearing banks, it was purchased outright by Lloyds Bank in 1993 and is currently a wholly owned subsidiary of Lloyds Banking Group.