VATICAN (CNS): Pope Francis approved new statutes for the Institute for the Works of Religion (IOR)— the Vatican bank—that include structural changes and a mandatory external audit.
 
The renewed statutes, which were approved by the pope ad experimentum (on a trial basis) for two years, were published by the Vatican press office on August 10.
 

VATICAN (CNS): The Institute for the Works of Religion (IOR), often called the Vatican bank, made a profit of €17.5 million ($154 million) in 2018, just over half the profit reported in the previous year, according to its annual report.
 
In a statement released by the Vatican June 11, the institute said it continued to provide financial services to the Catholic Church present in the whole world and Vatican City State.
 

VATICAN (CNS): The Institute for the Works of Religion—known as the Vatican bank—is striving to follow Catholic ethical practices in its investments, according to its latest annual report.
 
According to the 128-page report, published on May 22, the institute’s net profit for 2017 was €31.9 million ($308 million), which will all be donated to the Holy See. Net profit was down from €36 million in 2016, it said.
 

VATICAN (CNS): The trial of Angelo Caloia, who was president of the Institute for the Works of Religion, also known as the Vatican Bank, and his lawyer, Gabriele Liuzzo, began in the Vatican courtroom on May 9.
 
The Vatican has accused the two of money laundering and embezzlement, saying they skimmed an estimated €57 million (about $550.45 million) off profits from the sale of Vatican properties.
 

VATICAN (CNS): A former president of the Vatican bank, 78-year-old Angelo Caloia, and his attorney, 94-year-old Gabriele Liuzzo, are set to go on trial at the Vatican on March 15 on embezzling and money-laundering charges, Reuters reported.
 
The bank, officially known as the Institute for the Works of Religion, alleges that the former officials’ illegal conduct led to damages to the bank in excess of 50 million euros ($482.7 million), according to a press statement from the institute.
 

VATICAN (CNS): A Vatican court found Paolo Cipriani, the former director of the Institute for the Works of Religion (IOR)—better known as the Vatican Bank, and Massimo Tulli, the bank’s former deputy director, liable for mismanagement on February 6, and ordered an injunction for them to pay damages.
 
The amount sought was not specified. However, the Italian news agency ANSA said the damages the bank incurred totalled about 47 million euro (about $449 million).