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August 15, 2023

Vatican investment office reports $35 million profit for 2022

Pilgrims and tourists walk along the Via della Conciliazione near St. Peter's Square and St. Peter's Basilica Aug. 15, 2023. The broad avenue is lined with many Vatican-owned buildings either used for Vatican offices and residences or rented out to earn money.

The Vatican investment office made 32.27 million euros (about $35.2 million) in profit in 2022 and contributed the entire amount to the Vatican's operating budget, said Bishop Nunzio Galantino, president of the Administration of the Patrimony of the Holy See.

Published in Vatican
July 15, 2014

Vatican bank issues detailed report, including where it stores its gold

Vatican bank issues detailed report, including where it stores its gold

VATICAN CITY - One week after publishing highlights of its 2013 financial statement, the Institute for the Works of Religion -- commonly called the Vatican bank -- released a 107-page, detailed financial report for the year.

Published in Vatican