Tag: Institute for the Works of Religion

Pope approves new statutes for Vatican bank

Pope approves new statutes for Vatican bank

| Junno Arocho Esteves | August 12, 2019 | 0 Comments

Pope Francis approved new statutes for the Institute for the Works of Religion, often referred to as the Vatican bank, that include structural changes and a mandatory external audit.

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Vatican bank reports decreased profits in 2018

Vatican bank reports decreased profits in 2018

| Junno Arocho Esteves | June 11, 2019 | 0 Comments

The Institute for the Works of Religion, often referred to as the Vatican bank, made a profit of 17.5 million euros (about US$19.8 million) in 2018, just over half the profit reported in the previous year, according to its annual report.

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