Banca Nazionale del Lavoro S.p.A. (BNL) is an Italian bank headquartered in Rome. Established in 1913, the bank has been a subsidiary of BNP Paribas since 2006. Integration process was concluded in 2008, BNL with its group oversees the commercial banking activity of BNP Paribas in Italy.[2]
History
Istituto Nazionale di Credito per la Cooperazione (1913–1929)
Founded in 1913 by royal decree, under the influence of Luigi Luzzatti, the Istituto was intended to provide cooperative workers’ organizations with credit facilities comparable to commercial banks. It pioneered special credit lines for agriculture,[3] cinema, and fishing sectors in which Italy was undergoing gradual modernization while remaining largely rural.
The bank was initially overseen by the