VATICAN CITY
Reuters
ROME, July 5 | Thu Jul 5, 2012
(Reuters) – The Roman Catholic Church lost 14.9 million euros last year as “the negative trend of global financial markets did not allow targets to be met,” the Church said, but donations from the faithful around the world were up.
The donations, known as Peter’s Pence, rose 3 percent to 69.7 billion euros in 2011. Donations from dioceses to support the central structure of the Church also rose, gaining 17 percent to $32.1 million.
The Vatican has posted annual losses in four out of the five past years – all but 2010.
The Vatican bank, which has been in turmoil since May 24 when its president Ettore Gotti Tedeschi was dismissed by the board, handed 49 million euros over to the Vatican in 2011, the Church’s daily bulletin said.
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