Good Money: Most of It Goes to Francis
The Vatican Bank (IOR) publishes on June 11 its annual Financial Statements which highlights the soundness and the strength of IOR financials. This mini bank has only 99 employees. The Commission of …More
The Vatican Bank (IOR) publishes on June 11 its annual Financial Statements which highlights the soundness and the strength of IOR financials.
This mini bank has only 99 employees. The Commission of Cardinals which is responsible for the bank, decided to give 75% of the profits to Francis or to specific Vatican entities and to allocate the remaining 25% to increase the IOR's equity.
These are the key financial data for the Institute in 2020:
• €5.0 billion of client assets of which €3.3 billion are assets managed for third parties or under custody
• €36.4 million net profit (2019: €38 million; 2018: €17.5 million)
• €645.9 million net equity after the distribution of 2020’s profit.
The TIER 1 ratio reached 39.7%. The higher the ratio, the larger the share of the loan volume that is covered by equity. For instance, JPMorgan Chase as a ration of 15%.
Picture: © Mazur, CC BY-NC-SA, #newsZcrppdnfdz
This mini bank has only 99 employees. The Commission of Cardinals which is responsible for the bank, decided to give 75% of the profits to Francis or to specific Vatican entities and to allocate the remaining 25% to increase the IOR's equity.
These are the key financial data for the Institute in 2020:
• €5.0 billion of client assets of which €3.3 billion are assets managed for third parties or under custody
• €36.4 million net profit (2019: €38 million; 2018: €17.5 million)
• €645.9 million net equity after the distribution of 2020’s profit.
The TIER 1 ratio reached 39.7%. The higher the ratio, the larger the share of the loan volume that is covered by equity. For instance, JPMorgan Chase as a ration of 15%.
Picture: © Mazur, CC BY-NC-SA, #newsZcrppdnfdz
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DEFENSA DE LA FE
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Our Lady lasalette
"Priests, my Son's ministers, priests, by their evil life, by their irreverences and their impiety in celebrating the holy mysteries, love of money, love of honor and pleasures, priests have become sewers of impurity. Yes, priests call forth vengeance, and vengeance is suspended over their heads. Woe to priests, and to persons consecrated to God, who by their infidelities and …More
Our Lady lasalette
"Priests, my Son's ministers, priests, by their evil life, by their irreverences and their impiety in celebrating the holy mysteries, love of money, love of honor and pleasures, priests have become sewers of impurity. Yes, priests call forth vengeance, and vengeance is suspended over their heads. Woe to priests, and to persons consecrated to God, who by their infidelities and their evil life are crucifying my son anew! The sins of persons consecrated to God cry to heaven and call for vengeance, and now here is vengeance at their very doors, for no longer is anyone found to beg mercy and pardon for the people; there are no more generous souls, there is now no one worthy of offering the spotless Victim to the Eternal on the worlds behalf.
"Priests, my Son's ministers, priests, by their evil life, by their irreverences and their impiety in celebrating the holy mysteries, love of money, love of honor and pleasures, priests have become sewers of impurity. Yes, priests call forth vengeance, and vengeance is suspended over their heads. Woe to priests, and to persons consecrated to God, who by their infidelities and their evil life are crucifying my son anew! The sins of persons consecrated to God cry to heaven and call for vengeance, and now here is vengeance at their very doors, for no longer is anyone found to beg mercy and pardon for the people; there are no more generous souls, there is now no one worthy of offering the spotless Victim to the Eternal on the worlds behalf.
old school
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if it's not clear what's all about it's about the money, what counts
Ultraviolet
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...meaning if you skimp or happen to omit this week's offeratory envelope, don't feel too bad about it. Twenty bucks in the church poor-box goes to the poor.
Jan Joseph
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Geld geld en nog eens geld, daar draait alles om in de Rooms-Katholieke kerk. Geloven is big business volgens het Vaticaan en als je van het geloof een politieke ideologie maakt, dan komt er nog veel meer geld binnen. Helaas zijn er volgens Paus Franciscus nog van die akelige traditionele Rooms-Katholieken, die ook nog snel in aantal toenemen, die beslist willen blijven geloven in het universele …More
Geld geld en nog eens geld, daar draait alles om in de Rooms-Katholieke kerk. Geloven is big business volgens het Vaticaan en als je van het geloof een politieke ideologie maakt, dan komt er nog veel meer geld binnen. Helaas zijn er volgens Paus Franciscus nog van die akelige traditionele Rooms-Katholieken, die ook nog snel in aantal toenemen, die beslist willen blijven geloven in het universele Rooms-Katholieke geloof. Fout, fout, fout, in de ideologie van Paus Franciscus horen geen mensen met principes thuis, dus die gaan we om hun geloofsovertuiging vervolgen. Iedereen mag volgens paus Franciscus lid zijn van de Rooms -Katholieke kerk, op maar een voorwaarde dat je beslist niet gelooft. Paus Franciscus wil wel hoofd van een kerkgenootschap zijn, als er maar geen gelovigen zijn.