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The Vatican Bank

By Vatican.com 5/18/2018

The Vatican Bank

The Vatican Bank is also known as the Institute for the Works of Religion. This is a private institute which is located within Vatican City and it is run by an advisory board who gives report directly to the pope and a committee of cardinals. The Vatican Bank was established in June 1942 by Pope Pius XII. All the assets of the bank are not considered  to be the direct property of the Holy See nor is it overseen by the Prefecture for the Economic Affairs of the Holy See. The main function of the Vatican Bank is to provide the safekeeping and administration of fixed and non-fixed property entrusted to it by the different people and intended for religious or charity works. Therefore the Vatican Bank is not a department of the Roman Curia nor is it one of the departments of the central administrative structure of the Roman Catholic Church.

The Vatican Bank is different from many other ordinary banks. The bank does not lend money, and it does not make direct investments. The bank receives money as deposits and then invests it in government bonds, some corporate bonds and in the inter-banking market where it deposit with other banks for a slightly higher interest rate than it receives. The bank contributes 55 million euros to the Vatican budget, making it one of its most crucial economic pillars

It is not the responsibility of the Vatican Bank to oversee the monetary policy of the Vatican City nor to control the money supply and maintain stability of a currency. However, the bank is a prosperous and money-making institute although its entire surplus is used for religious and charitable purposes.

Unfortunately, the Vatican Bank has been linked with several controversies regarding its investments, the appointments of its managers and its use of funds. This has led to several scandals within the institute with different people being invested and others forced to leave their positions in the bank. Most of the scandals involved illegal transaction of money from the bank’s accounts and improper investments and use of money. For instance in May 2012, Ettore Gotti Tedeschi was expelled from his chairman position of the Vatican Bank due to failure to fulfill the primary functions of his office. He is still being investigated on suspicion of money laundering. These allegations were harmful and took a toll on the reputation of the Vatican Bank.

The current head of the Vatican Bank is Ernst von Freyberg who was recently appointed to the position and has promised to ensure transparency within the institute and win back the trust of people. He was appointed to the position in February 2013 by Pope Benedict XVI just before his resignation. Ernst von Freyberg is the first non-Italian to be the president of the Vatican Bank.

Vatican.com

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20 comments
novozhilovigorleonidowitch@gmail.com КНЯЖЕСТВУ ВАТИКАН НАДО НАЗНАЧИТЬ ПЕНСИЮ КНЯЗЮ ВАТИКАНА В СУММЕ $365000000.00, В ГОД.
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БАНК ВАТИКАНА ОБЯЗАН СПИСАТЬСЯ СО МНОЙ НЕМЕДЛЕННО. +79502401549. НОВОЖИЛОВ ИГОРЬ ЛЕОНИДОВИЧ.
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They are murdering and torturing children for profit and money and you got infected because of satanists. Children are suffering in the Us for bad guardians and shit heap corrupt people.
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Patience R
They cherry picked who they helped. Bank traces can prove this to the offshore accounts in Switzerland, Panama, and the US.
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Patience R
They framed you and these children for greedy shit heaps paid by the United States federal government. Double and triple dipping in multiple work roles.
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Patience R
Insurance isn’t stupid.
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Patience R
5 quintuplets brothers tortured and exploited and silenced by the sex traffickers. TCF circa 2013.
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Patience R
I was given the book as a teenager after the second shooting. Look at how much damage greed has caused. Ruining innocent children’s dignity for selfish adults protecting their own interests. It’s embarrassing, what a disgrace to humanity.
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Patience R
ДОРОГИЕ, СПИШИТЕСЬ С БАНКОМ ВАТИКАНА И ПОЛУЧИВ ПОЖЕРТВОВАНИЕ В СУММЕ $12000000000.00 ЗАЙМИТЕСЬ ПОМОЩЬЮ ДЕТЯМ США.
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Patience R
ПУСТЬ СТОВОСЕМЬ СВЯТЫХ АНГЕЛОВ ЕЖЕДНЕВНО ПОМОГАЮТ ВАМ НЕЗРИМО ДЛЯ ВСЕХ ЧУВСТВ. АМИНЬ.
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GmbH
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@Mohammad A i'm sure the abuse of the diabled and marginalized, including medical cochlear implants that are numbered is a joke to you... I also suspect the ritualistic assault, torture, sexual exploitation, human trafficking and murder is also a joke to you. Any Cardinal wilson who believes in exploiting disabled and assisting fraudulent documentation theft while avoiding very serious litigation ... more points like gun cases and mass murders related to jobs not obtained, and assisting actual prostitutes while denigrating real victims with very serious back stories, and their biological children and guardian children is funny...to you..because of a journal and tech ideas, you never composed. they are rapists and thieves, something your culture apparently really doesn't like. check yourself. Also keep your hands of laptops and tampons that are not yours. period.
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saint samuel. cardinal wilson. money order gold berror bond Zurich Switzerland electronic transfer: yeltsin 5 Stalin 9 Gorbachev 3 tazactioncatalina@outlook.com tazactionbillyrobertswildbill@gmail.com tazactionclubutah900@gmail.com taz action.com. DEBIT TO PRESIDENT VLADIMIR PUTIN $4,000,000,000,000.01 TRILLIONS.
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Hi i am a collector and seller from Malta please i would like to know from where i can buy through out the year I hope to here from you soon please send me an email on tenshake@gmail.com thanks from heart of Malta
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Tell the Vatican to worry about internal investigations instead of focusing on tearing families apart. Is this the Vatican Bank? Who are they exploiting to increase funds? Could it be Christ and his disciples?
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Credere Central B
What has the Vatican Bank done to help in the alleviation of suffering visited on the citizens of Bergamo and Italy as a whole.??
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Michael C
I have saved jesus, god is god, I am not, honnin' still stands. DelaKun A i am alpha, deven, Aries.
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Deven S
Her hair is glowing in this one
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Deven S
House burnt again with them at 723 old highway 172 west liberty k y 41472. I am thy martyr forever, maybe saved another. I love you. At a friends, 6063625025 my cell phone honnin' holler is a person, nameless homeless person I am.
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Deven S
Devon S your not the aspiring Director that gave a speech in Grady countybare you?
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