IOR ("Vatican Bank") new website


The Istituto per le Opere di Religione (IOR), in a very sensible move, has set up its own website to give basic information and act as a point of contact for the media. The IOR is often referred to as "The Vatican Bank" but strictly speaking it is not a bank because it does not use deposits to lend money. (The question of whether it should become a bank is one of those raised by Pope Francis.)

In the nature of the case, the website is not the most exciting in the world, though it does have a pleasant minimalist design. There is quite a lot of information and plenty of links to relevant documents. The media section collects together recent press releases for convenience.

The principal function of the IOR is to look after assets transferred to it by Catholic institutions. 85% of its assets under management are from Catholic institutions such as religious orders, dioceses and the Holy See itself.

When looking at large numbers, especially concerning the Church and money, it is always useful to make comparisons. In 2012 the IOR had has assets under management of 7.1 billion euro (£6.1 billion). The Private Bank arm of HSBC, just to take an example, is over 50 times larger in that respect, having had $494 billion (£318 billion) under management in 2007 according to the Wikipedia article for HSBC. (Oh, and HSBC has also been accused of money laundering.)

Popular posts from this blog

1962 Missal pdf online

The Church Music Association of America and Jeffrey Tucker of the New Liturgical Movement have made available the 1962 Missal online in pdf format (72Mb). The file is hosted at Musica Sacra , the website of the CMAA, thanks to a generous gift from Fr Robert Skeris While you are at it, take a look at the articles clarifying the rules for music at Low Mass and music at High Mass .
Read more

Request for Novena to Blessed Pius IX

Image
A priest friend of mine is ill in hospital. He has a special devotion to Blessed Pius IX. Could I ask you, of your charity, to say a Novena for his speedy recovery. Novena In Honour of Blessed Pius IX Most Sacred Heart of Jesus, hear our prayers and glorify your servant Pius IX, who consecrated the Universal Church to you. (Our Father...) O Mary conceived without sin, pray for us who have recourse to you, hear our prayer and glorify your servant Pius IX who declared you Immaculate. (Hail Mary...) Saint Joseph, spouse of the most pure Virgin Mary, hear our prayer and glorify your servant Pius IX who declared you the Patron of the Universal Church. (Glory be...) Most Sacred Heart of Jesus, Immaculate Mary, our Hope, and Saint Joseph hear our prayers and glorify your servant Pius IX , granting to us through his merits and intercessions the graces which we ardently desire: that the glory of God be revealed through Father's illness. (Our Father..., Hail Mary..., Glory be...
Read more

Saint Gabriel

Image
The angels call for our veneration and awe as part of God’s creation. Part of the destructive modernism of the 1970s included advice to Catholic school teachers that they should not talk to children about angels. This wrought lasting damage which continues to need rectifying. We should include in our prayers a heartfelt recourse to our own Guardian Angels. The Archangel Gabriel “God is my strength” would be terrifying were he to appear to any of us. Our Lady was “troubled” at the word of Saint Gabriel and wondered at the manner of the salutation. Immediately, according to his mission, the awesome messenger explained himself. Modern retelling of the event is often reduced to the jejune “Mary said Yes to God”. In fact, she said “Behold the handmaid of the Lord; be it done to me according to thy word”. This conveys more accurately the flawless faith and trust of the Immaculata. In the infinitely wise providence of the Father, we now know the structure of the event in even more detai...
Read more

Downloadable booklets for Vespers

Image
Gregorian Chant Hymns is a most helpful website that I mentioned in a post just over a year ago. As I said then, the site "[...] promotes the learning of Gregorian Chant by making sheet music, recordings, translations, and instructions. There is a short guide to Gregorian Notation (those square notes) and to Latin pronunciation. Everything is available free of charge, in line with other great traditional music websites." Work has continued at the site and there is now a section which makes available pdf (or .docx format) booklets for Vespers for every Sunday of the Year and a few major feasts. There is the basic booklet for ordinary Sunday Vespers which is supplemented by separate files for the Sundays after Pentecost which contain the Magnificat and Collect. Then there are booklets, for example for Advent and Lent, where the office is different from the regular Sunday Vespers with its antiphons. All of the booklets have texts and notation for Benediction and the Maria...
Read more

Our Easter Faith: Not a Pious Crème Fraiche

Image
In public life, some basically well-meaning figures have the graciousness to wish us well at Easter and to recognise the importance of the Christian feast day. Perhaps they might assure us that their thoughts are with us at this time. That is kind of them and in Christian charity we should thank them for their kindness, but Easter should be a great deal more than that for us. We must believe that Our Lord Jesus Christ is risen from the grave, in the flesh, and lives for eternity. We cannot treat Easter as a jolly holiday that heralds spring, or the remembrance of a significant event from the past. It must change us today and every day, change who we are and what we do. The Christian faith cannot be a mild custard or blancmange of religiosity. (I am showing my age. Nowadays, I should say that it cannot be reduced to a pious crème fraiche .) We bow down and adore the King of Kings, risen from the tomb, who, “[…] continues for ever,...
Read more