‘Vatican bank’ reports profits of progress
The Institute for Works of Religion reported a 63% jump in profits, even as it shed customers amid 'granular' compliance checks
The Institute for Works of Religion, the Vatican City bank, has published its annual report for the 2022 financial year.
The report, which follows an independent audit of the insulation, showed increased profits and financial stability for the bank, even while its customer base shrank.
In his statement opening the re…