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Catholic World News

Vatican bank reports increased profit

June 08, 2020

» Continue to this story on Vatican News

CWN Editor's Note: The Vatican bank, officially known as the Institute for Religious Works (IOR), has reported a €38 million ($42.9 million) profit for the past year. The audited financial statements of the IOR, made public June 8, show a profit that approximately doubled the figure for the previous year.

The IOR has not been involved in the financial scandal, involving the purchase of London real estate, that has shaken other offices dealing with the Vatican’s investments.

The above note supplements, highlights, or corrects details in the original source (link above). About CWN news coverage.


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