Vatican City, May 28, 2015 / 12:03 am (CNA/EWTN News).- The Vatican Bank’s net profits in 2014 jumped to $75.5 million from only $3.2 million the previous year, reflecting a change in its financial management and investments.
The Institute for Religious Works (IOR), known informally as the 'Vatican bank', released its third annual report on May 25. The report registered a massive increase in net profits.