Overview
- The IOR, which released its 2025 annual report Monday, reported net profit of €51 million, up 55.5% from 2024.
- The Commission of Cardinals approved a €24.3 million payout to the Pope, a 76.1% increase tied to support for religious and charity work.
- Management credited active, disciplined portfolio moves and favorable markets, with a boost from a positive change in pension fund reserves.
- Client assets reached €5.9 billion, net equity rose to €815.3 million, and the Tier 1 capital ratio hit 71.9%, a high capital buffer that shows strong ability to absorb losses.
- The change at the top to banker François Pauly was seen as a move toward more international and prudent oversight under Leone XIV after years of lower profits than the 2012 peak.