Portrait of the IOR

 
Recently, the Vatican bank (IOR) disclosed a brochure on its website with the following information :


PURPOSE AND MISSION
 
The purpose of the IOR is to serve the global mission of the Catholic Church by providing for the custody and administration of its customers’ assets, and rendering dedicated worldwide payment services to its customers. This purpose is what sets the IOR apart from commercial financial service providers. To meet this noble task, the Institute is committed to provide at all times high-quality products and services.
With great commitment and dedication, the IOR is steering its course as an integral part of the new economic and administrative framework of the Holy See / Vatican City State. The IOR will continue to build on its strengths and provide financial services to Catholic institutions that serve the pastoral and evangelical mission of the Church globally.
As the Institute moves forward along this path, its mission is and will remain to serve the Church around the world.
 
SERVICES

The IOR currently provides its customers with deposit taking, asset management services, as well as with international payment transfers.
 
The Institute seeks to tailor financial services to the specific needs of its customers, while continuously strengthening its ethical investment criteria.
 
As decided by the Board of Superintendence in the summer of 2014, the IOR does not provide loans.
It operates from a single location – its headquarters in the Vatican City State.

The IOR is regulated by the “Autorità di Informazione Finanziaria” ( AIF ), the financial supervisory body for the Vatican City State. The Institute is compliant with Holy See / Vatican City State legal requirements.

In 2013, the IOR updated its guidelines on the customers served by the Institute. These are the Church (Sovereign Institutions of the Holy See and related entities, employees and pensioners of the Vatican, embassies and diplomats accredited to the Holy See ), Congregations and Dioceses.
 
CUSTOMERS

As of 30 June 2014 the IOR served approximately 15,500 customers split between:
– 4,500 Catholic institutions, which account for more than 80 % of customers’ assets.
– 11,000 individuals, accounting for less than 20 % of customers’ assets.
According to the requirements of Vatican Law and international inter-bank  payment systems, IOR accounts are held in the name of the respective customer.

There are no anonymous accounts.

The IOR follows strict anti-money laundering requirements, in line with best international standards.

 

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Dans sa brochure intitulée « Portrait de l’IOR », relayée en mars 2015 par le Bureau de presse du Saint-Siège, l’Institut pour les œuvres de religion (IOR), surnommé la « banque du Vatican », rappelle ses missions, services et son bilan.

En 2013, ses actifs se chiffraient à 5,9 milliards d’euros. Pour l”exercice 2013, l’IOR dégageait un résultat net de 2,9 millions d’euros (pour la même période, la banque française BNP Paribas décevait les marchés financiers avec un résultat net de 4,8 milliards d’euros, soit 2000 fois plus que l’IOR).

En 2012, le résultat net de l’IOR avoisinait les 86 millions d’euros.

L’IOR informe aussi avoir, depuis juin 2014, quelque 15 500 clients parmi lesquels 4 500 institutions catholiques qui représentent 80 % des actifs de la banque, ainsi que 11 000 clients particuliers.

En autre, la banque vaticane assure ne pas posséder de comptes anonymes.

MORE INFORMATION

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