Vatican Bank
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This is a private institute which is located within vatican city and it is run by an advisory board who gives report directly to the pope and a committee of cardinals.
Vatican bank. The vatican bank the vatican bank is also known as the institute for the works of religion. The vatican bank was established in june 1942 by pope pius xii. The vatican s official bank has faced repeated crises since it was founded in 1942 and the bank itself was created to curtail fiscal irregularity. The institute for works of religion ior commonly referred to as the vatican bank is a privately held financial institution located inside vatican city.
In an exclusive oct. 25 interview with crux jean baptiste de franssu the french president of the institute for the works of religion better known as the vatican bank insisted that. But when pope francis was elected in 2013 it was.
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