Francisco renews commission of cardinals of Vatican’s bank

This morning, Pope Francis renewed for another five years the mandate of the commission of cardinals, created by Benedict XVI, to monitor the Institute for Works of Religion (IOR,) known as the Vatican Bank, after the scandals raised. In February 2013, Benedict XVI had renewed...
Vatican financial report

Vatican releases financial report

The Institute for Religious Works (IOR), known as the Vatican Bank, published on tuesday, for the first time, a financial report that showed an annual net profit of 86.6 million euros for 2012, amount four times larger than the 20.3 million euros declared in 2011. The president...

Senior managers of Vatican Bank resigned from their positions

After the arrest of Bishop Nunzio Scarano, accused of conspiring to enter clandestinely to Italy about $ 26 million from Switzerland through the Vatican Bank, a statement was released revealing  the resignation of Paolo Cipriani and Massimo Tulli, director and deputy of this...