(Vatican News Network)The members of the Supervision Committee of the Bureau of Religious Affairs (IOR) unanimously approved the 2020 financial statements of the Bureau of Religious Affairs on April 27. The Religious Affairs Bureau announced the news in an announcement. In accordance with the institution’s charter, relevant documents have been submitted to the Cardinal Committee, and it is emphasized that a number of financial values, including the level of assets and liquidity, are stable and improved, while also complying with the highest international standards.
Following the instructions of Pope Francis, the Cardinal Committee of the Religious Affairs Bureau decided to donate 75% of the proceeds to the Holy Father Pope or a specific unit, and the remaining 25% of the proceeds will be used to increase assets to promote the sustainable development of the Religious Affairs Bureau. Its mission to serve the Catholic Church. The announcement reads: “The challenge for the global economy in 2020 is extremely difficult. During this period, the Bureau of Religious Affairs has continued to ensure high-quality financial services to the Vatican City State and the Catholic Church around the world. In addition, the Bureau of Religious Affairs has also continued. Make every effort to ensure that in all activities, especially in the management and investment of their own and client assets, policies, fully and consistently follow the principles and social precepts of the Catholic Church.”
The key financial data proposed in the 2020 financial statements of the Bureau of Religious Affairs are as follows: of the 5 billion euros of customers, 3.3 billion euros are involved in savings management and securities deposits; 36.4 million euros of net income comes from the risky investment process in line with Catholic ethics; 6.459 The assets of 100 million euros is the net amount obtained after the income distribution on December 31, 2020. This part must take into account the decision of the Cardinal Committee on the asset reserve.
During 2020, the Bureau of Religious Affairs will continue to strengthen its leadership team and increase investment in information technology, including the development of a set of procedures to improve the resilience of technological infrastructure and reduce information risks.
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