Vatican bank said its profit increased by more than 20 times last year

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SHAFAQNA -According to AP, the Vatican Bank officially called the Institute for Religious Works, said it earned 69.3 million euros in 2014, up from 2.9 million euros the previous year. Bank President Jean-Baptiste de Franssu said the bank’s focus now is to improve services to the remaining 15,181 account holders and offering low-risk asset management services.

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