Vatican Bank Archives - Catholic Herald

Vatican Bank

Pope puts faith in Vatican Bank to prevent repeat of London property scandal

August 25, 2022

Pope Francis has moved decisively to clean up corruption in Vatican finances and to avoid a repeat of the high-profile botched investment in a London property that resulted in a loss of 140 million euros. The Holy Father issued a document called a “rescriptum”, which explicitly ordered all investments made by Vatican departments to proceed

Vatican’s investment funds were vehicles for Italian bank fraud

December 18, 2019

Two investment funds used by Vatican dicasteries were also used by a major Italian bank to conceal illegal investments for which the bank was eventually closed. On Friday, Maltese media reported that the IOR, or Vatican Bank, is being sued in turn by Optimum for breach of contract; the firm claims the Vatican’s bank owes an

Vatican bank’s net profit down by €4 million, report says

May 23, 2018

The bank's net profit for 2017 was €31.9 million, compared to €36 million in 2016

Embezzlement trial of former Vatican bank director begins

May 10, 2018

Angelo Caloia is accused of taking €57 million euros off profits from the sale of Vatican properties

Former Vatican bank chief indicted over €50 million embezzlement losses

March 05, 2018

The trial of Angelo Caloia and his lawyer, Gabriele Liuzzo, begins March 15

Morning Catholic must-reads: 19/02/18

February 19, 2018

A daily guide to what's happening in the Catholic Church

Former Vatican bank officials ordered to pay damages over mismanagement

February 08, 2018

The former directors, who have already been given jail sentences, face paying damages after bank incurred losses of 47 million euros

Vatican must strengthen fight against financial crime, says Moneyval

December 10, 2017

Holy See promises to ‘further strengthen its efforts to combat and prevent financial crimes’

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