"Vatican Bank" reports profit of 30.6 million euros
IOR Operations Hall. Photo: Vaticannews
For the year of 2023, the Vatican reported a profit of 30.6 million euros, according to the information from the Institute for the Works of Religion, known as the "Vatican Bank", Vaticannews reports.
The report states that 13.6 million euros of this profit were allocated for religious initiatives and charity.
It is noted that the "Vatican Bank" is one of the most stable institutions in terms of capitalization and liquidity and serves as a benchmark for investments that comply with Catholic ethics.
As reported by the UOJ, the Institute for the Works of Religion "resolutely dismissed" claims by the advisor to the head of the Office of the President of Ukraine, Mykhailo Podoliak, regarding Russian investments in the Holy See's bank, calling them "speculations".
Read also
UOC Hierarch: The Church Does Not Endorse 'Holy War' Concept
"The assertion that the so-called 'special military operation' is a 'Holy War' contradicts the basic principles of Christian morality," Metr. Yevlohiy said.
Georgian Bishops Finalize Procedures for Patriarchal Election
Head of public relations for the Georgian Church says bishops finalized election procedures while emphasizing unity ahead of the patriarchal council.
SVS Press Releases New Volume by St. Maximus the Confessor
The publisher's new St. Maximus volume explores the theological foundations of Orthodox Christology and the defense of Chalcedon.
Abp. Daniel Announces Synodal Clergy Awards in Chicago Diocese
The Orthodox Church in America's Synodal awards recognized clergy across multiple ranks for dedicated service in the Midwestern diocese.
Registration Opens for First OCA-Wide Clergy Wives Retreat
The Orthodox Church in America’s first churchwide clergy wives retreat aims to strengthen ministry families through prayer, fellowship, and renewal.
Kimberly Guilfoyle Meets Ecumenical Patriarch in Athens
Kimberly Guilfoyle’s meeting with Patr. Bartholomew highlighted support for religious freedom and the global mission of the Orthodox Church.