The Institute for the Works of Religion (IOR), commonly known as the Vatican Bank, has reported a strong financial performance for 2025, posting a net profit of €51 million, a 55.5 percent increase compared with the previous year and the highest result in the past decade.

According to the institution’s annual report, the Vatican approved a dividend payment of €24.3 million to Pope Francis, up 76.1 percent from 2024. The payment, authorized by the Commission of Cardinals, is intended to support the Church’s religious and charitable activities.

The IOR also reported growth in its overall managed assets, which rose to €5.9 billion from €5.7 billion the previous year. Net equity increased to €815.3 million, up by €83.4 million year-on-year.

The report highlighted a growing number of religious congregations choosing the IOR both as a banking institution and for wealth management services.

The publication of the 2025 financial statements also marked the end of Jean-Baptiste de Franssu’s term as president. He will be succeeded by François Pauly, a 62-year-old Luxembourgish banker and economist.