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
A new(ish) statute for the Vatican bank: Here's what it means – Catholic World Report catholicworldreport.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from catholicworldreport.com Daily Mail and Mail on Sunday newspapers.
VATICAN CITY (CNS) Pope Francis has further updated the statutes of the Institute for the Works of Religion, often referred to as the Vatican bank, clarifying the roles of different supervisory bodies and limiting the terms of service of various authorities.
After having completely restructured the institute in mid-2019, the pope said he saw a need for a further update consistent with the most modern organizational requirements as well as with the operational needs that arise daily in the i