One of the Italian public law banks. Founded in 19 13, and headquartered in Rome. Originally a national cooperative credit bank mainly established by urban artisans, it was transformed into a bank controlled by government agencies in 1927 and renamed as the National Labor and Cooperative Bank. 1929 changed to the current name. According to the Italian banking law of 1936, the shareholders of the national labor bank are all state-owned institutions, with the Italian Ministry of Finance holding 74.5%, the national insurance company holding 10. 1% and the national social welfare company holding 8.5%. The chairman and principal responsible person of the bank are appointed by the government. In addition to ensuring the government's financial needs, its business initially focused on medium and long-term loans, and also engaged in commercial banking business, providing funds for handicrafts, agriculture, tourism and other public utilities. Now, it also carries out extensive international business. There are more than 300 branches at home and abroad. 1992, the bank was transformed from a state-owned enterprise with 80% shares held by the Ministry of Finance into a joint-stock company. The total assets of 1993 are110.48 million USD, ranking 58th among the world's 1000 big banks. By June 1998 and 1 1, privatization will be fully completed. In 2002, the Italian National Labor Bank and the Bank of China signed a cooperation agreement in Rome, aiming at strengthening and expanding their business cooperation.