FOLLOW THE MONEY: Vatican Bank (IOR) Posts Profits Of $40 Million In Annual Earnings Report
In 2016 the IOR had some 15,000 clients worldwide, consisting mostly of
religious orders, Vatican employees and Catholic clergy, according to
the report. As of December 31, 2016, the IOR was managing client assets
worth 5.7 billion euros, slightly less that the 5.8 billion euros in
2015.
religious orders, Vatican employees and Catholic clergy, according to
the report. As of December 31, 2016, the IOR was managing client assets
worth 5.7 billion euros, slightly less that the 5.8 billion euros in
2015.
June 13, 2017
The
Institute for Works of Religion (IOR), better known as the Vatican
Bank, has released its earnings statement for 2016, showing a profit of
36 million euros ($40.33 million).
“Andthe woman was arrayed in purple and scarlet colour, and decked with
gold and precious stones and pearls, having a golden cup in her hand
full of abominations and filthiness of her fornication: And upon her
forehead was a name written, MYSTERY, BABYLON THE GREAT, THE
MOTHER OF HARLOTS AND ABOMINATIONS OF THE EARTH. And I saw the woman
drunken with the blood of the saints, and with the blood of the martyrs
of Jesus: and when I saw her, I wondered with great admiration.” Revelation 17:4-6 (KJV)
On Monday, the Vatican Bank published its annual report claiming
earnings more than double those of the preceding year 2015, when the
Bank registered a profit of 16.1 million euros ($18 million).
“This
result has been achieved thanks to a prudent approach in managing IOR’s
investments in a year characterised by high volatility, global
political uncertainty due to unexpected outcomes of major electoral
events and low interest rates,” the IOR said in a press release Monday. [...]
FOLLOW THE MONEY: Vatican Bank (IOR) Posts Profits Of $40 Million In Annual Earnings Report • Now The End Begins
No comments:
Post a Comment