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Print Article | Email Article | Write To Us
Print Edition » Vatican

Faithful Investing

German Bank Caters to Catholic Clientele

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by EDWARD PENTIN, ROME CORRESPONDENT Friday, May 22, 2009 5:23 PM Comment

At a time when a lack of ethical values in banking is blamed for the current economic crisis, some are looking to those institutions that uphold traditional values.

Pax-Bank is one such institution, a German bank founded by Catholic priests in 1917. The institution prides itself on investing its customers' savings with the Church in mind, employing "maximum responsibility and transparency" and...

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