VATICAN CITY – The Institute for the Works of Religion, often referred to as the Vatican bank, made a profit of 36 million euros (about $53 million) in 2016, according to its annual report.

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VATICAN CITY - The Institute for the Works of Religion, commonly known as the Vatican bank, showed a large jump in profits in 2014 as it continued to winnow its accounts.

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VATICAN CITY - The Vatican City prosecutor has opened an investigation into possible embezzlement by two former top officials at the Institute for the Works of Religion, more commonly called the Vatican bank.

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VATICAN CITY - One week after publishing highlights of its 2013 financial statement, the Institute for the Works of Religion -- commonly called the Vatican bank -- released a 107-page, detailed financial report for the year.

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VATICAN CITY - As the restructuring of Vatican financial institutions moves into high gear, "our ambition is to become something of a model of financial management rather than a cause for occasional scandal," said Cardinal George Pell, prefect of the Vatican Secretariat for the Economy.

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VATICAN CITY - Preparing for big changes in its governance and structure, the Institute for the Works of Religion, commonly known as the Vatican bank, published its 2013 financial statement, reporting a nose dive in net profit.

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