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Vatican

Vatican establishes diplomatic relations with Mauritania

December 9, 2016. The Vatican will establish diplomatic relations with Mauritania. This African country is an Islamic Republic extremely hostile towards Christians.
Vatican

Vatican launches new website for the Protection of Minors from sex abuse

December 6, 2016. The Pontifical Commission for the Protection of Minors (PCPM) has launched a website to provide the public with information about their mission: "the effective protection of minors and a commitment to ensure their human and spiritual development.”
Pope Francis

These are the names of the 17 new cardinals the pope appointed at the consistory

November 19, 2016. 13 of them are under the age of 80, and thus able to vote in a hypothetical conclave, and four of them are non-electors.

Vatican Bank issues first public report in its 70 year history

2013-10-01

The IOR, more commonly known as the Vatican Bank, was established in 1942. Since that time it had never allowed access into its balance sheets. But on Tuesday morning, it issued its firstannual report of its financial activity in 2012.

The 100-page report is the Vatican's latest effort to improve the bank's transparency and meet international standards. With 114 employees, the bank oversees nearly 18,900 accounts, with a combined total of 7.1 billion euros in assets. That's roughly the same size as a small regional bank.

The bank has nearly 800 million euros in equity, while the remaining 6.3 billion is split: 3.2 billion as an investment bank for its clients, and 3.1 billion as deposits for current accounts.


This added step into making the Vatican bank more transparent comes weeks before a special commission Pope Francis appointed is due to hand in their recommendations into the institution's future.



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