The Vatican bank's net profit for 2013 was 2.9 million euros, down from the 2012 net profits of 86.6 million euros.
Economy of Vatican City
In its latest bid to tackle corruption and increase transparency, the Vatican's financial watchdog has signed a bilateral accord to exchange information with its counterpart in the U.S.
On Monday, officials with the Financial Information Authority announced it endorsed the agreement with the Office of the Comptroller of the Currency, an independent body in the U.S. Treasury Department responsible for regulating and supervising domestic and foreign banks.
Pope Francis is trying to do the right thing by appointing Cardinal George Pell to keep watch over the economical side of the Vatican. But will it make a difference?
All Things Catholic: At this time of year, the Vatican usually gets calmer and everyone is basically on hiatus. Not so with this pope.