Vatican Bank

The Vatican Bank, officially known as the Institute for the Works of Religion (IOR), is a financial institution owned by the Vatican City. It was established to manage the funds of the Catholic Church and related entities, supporting charitable activities and the Church's mission. The bank has faced scrutiny over its financial practices and transparency, but it aims to comply with international banking regulations. Its primary clients include religious institutions, clergy, and various organizations tied to the Vatican, making it distinct as a bank with a religious and charitable focus.