"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
Abp. Alexei: How to Pray as a Family
"If a family prays together," His Eminence said, "the household becomes a little tower in that vineyard."
Pat. Bartholomew Honors U.S. Traditions, Greek Heritage in Washington Visit
Bartholomew lays wreath at Arlington, meets with U.S. leaders, and blesses faithful in Virginia.
Police Return Relics of St. Raphael to St. Vladimir's Seminary
Yonkers officers, K9 unit honored with blessing and thanksgiving at the seminary.
Conference to Celebrate 100 Years of ROCOR in Germany
The event will take place from May 6-8, 2026 at the historic Blutenburg Castle near St. Job of Pochaev Monastery near Munich.
Patriarch of Alexandria Baptizes 100 in Madagascar
During his homily, Theodore II called baptism “the new birth of man."
Patriarch of Jerusalem Meets with President of Turkey
Theophilos III met with Recep Tayyip Erdogan in Constantinople. The following day, back in Jerusalem, Theophilos granted an audience to (among others) Abp. Nathanael of the Ethiopian Church in Jerusalem.