Vatican bank reports $19M profit in 2021
June 08, 2022
CWN Editor's Note: The Vatican bank, formally known as the Institute for Works of Religion, has reported a decline in profits from the previous two years.
Since June 2013, the bank has been led by “interim prelate” Msgr. Battista Mario Salvatore Ricca.
In a July 2013 press conference, Pope Francis addressed a question about Msgr. Ricca. The Pontiff said that a preliminary investigation into allegations about his behavior found “nothing of what had been alleged.”
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