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RT: Holy reveal: Vatican bank publishes annual report for the first time

2012: What's the 'real' truth?

I’ll bet if the pressure weren’t on them big time, they wouldn’t be publishing this. Why haven’t they done it for – centuries! When are they going to start feeding the poor? ~J

Published time: October 01, 2013 21:11

An exterior view of the tower of the Institute for Works of Religion in Vatican City (Reuters)An exterior view of the tower of the Institute for Works of Religion in Vatican City (Reuters)

For the first time in its 125-year history, the Vatican bank has disclosed its annual financial report to the public. The bank seeks to be more transparent amid the investigation into an alleged money-laundering scandal.

The report covers details from 2012, during which the Vatican bank – formally known as the Institute for Religious Works (IOR) – was accused of money laundering and lack of diligence in allowing non-religious businessmen to hold accounts in what amounted to an international offshore tax haven.

Nevertheless, 2012 was an “economically successful year” for the IOR, as net…

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