News by tag: Private Banks


Vatican Bank doubles profit in 2016 using prudent approach

The Vatican Bank has reported a more than 100 per cent increase in profits in their latest annual report thanks to what they describe as a “prudent approach” to managing investments. In the 136 page annual report, the Institute for the Works of Religion (IOR) report that net profits for 2016 were €36 million up from €16.1 million the year before, with these gains then being distributed in aid of the Holy See’s mission.     The statement explains it was achieved through “a prudent approach in managing IOR’s investments in a year characterised by high volatility, global political uncertainty due to unexpected outcomes of major electoral events and low interest rates”. The statement shows that in 2016 the IOR served nearly 15,000 clients worldwide, who entrusted to the Institute assets worth € 5.7 billion.

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FinLantern Forum Experience

It's a great place for bankers and to make new contacts

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Semptember 2015
  • 24

    Monaco Growth Announces Investor Conference in Monaco for July 24th – 26th

  • 23

    Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator

  • 24

    Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa

  • 02

    2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea

  • 11

    ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.

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