The Institute for the Works of Religion - CathNews New Zealand https://cathnews.co.nz Catholic News New Zealand Thu, 13 Jun 2019 06:07:14 +0000 en-NZ hourly 1 https://wordpress.org/?v=6.7.1 https://cathnews.co.nz/wp-content/uploads/2020/05/cropped-cathnewsfavicon-32x32.jpg The Institute for the Works of Religion - CathNews New Zealand https://cathnews.co.nz 32 32 70145804 Vatican bank reports decreased profits in 2018 https://cathnews.co.nz/2019/06/13/vatican-bank-profits-2018/ Thu, 13 Jun 2019 07:53:41 +0000 https://cathnews.co.nz/?p=118430 The Institute for the Works of Religion, often referred to as the Vatican bank, made a profit of 17.5 million euros (about US$19.8 million) in 2018, just over half the profit reported in the previous year, according to its annual report. The bank, which had made a profit of 31.9 million euros in 2017, said Read more

Vatican bank reports decreased profits in 2018... Read more]]> The Institute for the Works of Religion, often referred to as the Vatican bank, made a profit of 17.5 million euros (about US$19.8 million) in 2018, just over half the profit reported in the previous year, according to its annual report.

The bank, which had made a profit of 31.9 million euros in 2017, said the decrease was due "to the strong turbulence of the markets throughout the year and the persistence of interest rates which are still very low." Read more

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