The Institute for the Works of Religion, often referred to as the Vatican bank, made a profit of 38 million euros (about $42.9 million) in 2019, more than twice the profit reported in the previous year, according to its annual report.
The Vatican has accused a former director of the Vatican bank and his lawyer of money laundering and embezzlement, saying the men took an estimated 57 million euros (about $68 million).
