Vatican Bank shows 2012 profit of €86.6 million
The Bank, officially known as the Institute for Works of Religion (IOR), published on its website the financial report for 2012.
According to the report, last year the IOR’s profit was €86.6 million, while the year before the figure was €20.3 million.
€ 54.7 million of the profits were transferred to the budget of the Vatican, while the remaining amount is attributed to retained earnings.
As of 31 December 2012 the IOR has 18,900 customers.
