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VATICAN CITY (CNS) The Institute for the Works of Religion, often referred to as the Vatican bank, made a net profit of 29.6 million euros (about $31.6 million) in 2022, a 63% increase from the profit reported in the previous year (18.1 million euros), according to its annual report.
In the report, which was released by the Vatican June 6, Jean-Baptiste de Franssu, president of the bank s board of supervisors, said among the important achievements the past year was the recovery of 17.2 milli
The Institute for the Works of Religion, often referred to as the Vatican bank, made a net profit of 29.6 million euros (about $31.6 million) in 2022, a 63% increase from the profit reported in the previous year (18.1 million euros), according to its annual report.