A New(ish) Statute for the Vatican Bank: Here is What it Means
The new statute does include some minor adjustments, such as redefining some of the offices of the institute. At the same time, it leaves certain critical issues unaddressed.
Results from Tag: 'vatican bank'
Pope Francis Instructs Vatican Entities to Move All Funds to Vatican Bank by Sept. 30
According to Francis’ rescript, financial and liquid assets held in banks other than the IOR must be moved to the Vatican bank within 30 days of Sept. 1, 2022.
Vatican Bank Reports $19 Million Profit in 2021
The IOR, based in Vatican City State, has 110 employees and 14,519 clients. It looks after 5.2 billion euros ($5.6 billion) of client assets.
Vatican Bank Reports $44 Million Profit in Pandemic Year
Writing in the annual report, Cardinal Santos Abril y Castelló recalled that the institute published its internal regulations for the first time in its history in 2020.
Ex-Vatican Bank President Given 9-Year Prison Sentence for Money-Laundering
Angelo Caloia, 81, was president of the Institute for Religious Works, also known by its Italian initials, IOR, from 1989 to 2009.
Vatican Bank Reports €38 Million Profit in 2019
Earlier this year, a Maltese court authorized the seizure of IOR assets after a years-long court battle with investment managers over millions of euros which the Vatican bank agreed to invest with the firms, before withdrawing from the deal.
Malta Court Authorizes Seizure of €29 Million in Vatican Bank Assets
At issue is a 2013 investment plan involving the purchase of a property in Hungary – the Budapest Exchange Palace – for development and resale.
London to Malta via Rome: Following the Money in Vatican Financial Scandals
Msgr. Perlasca is now the fifth official or former official at the Secretariat of State to be targeted by Vatican investigators.
McCarrick: Foundation ‘Irresponsible’ to Question Controversial Vatican Grant
The disgraced former cardinal intervened in 2017 to pressure members of the U.S. Papal Foundation to support a controversial grant request.
Holy See Sources: Cardinal Pell Objected to Vatican Hospital Loan
Loan request was vetoed by Cardinal George Pell and financial authorities at the Vatican Bank before it was approved by the Holy See’s central bank.
