Details can be revealed as one diocese argues it has no immediately available funds to pay abuse victims
Catholic dioceses with parishes in Northern Ireland are sitting on cash and assets totalling more than £400m.
Trusts overseeing the finances of Down and Connor, Derry, Clogher, Dromore and the Archdiocese of Armagh had close to £200m in the bank or investments, with income in 2024 reaching approximately £70m.
Details of the total funds held by the dioceses can be revealed as Dromore, administered by Archbishop Eamon Martin, asks a court to decide what cash and assets it can use to pay those abused by Malachy Finegan, the deceased former principal of St Colman’s College in Newry.
In total, across all four dioceses and the archdiocese, funds held amounted to £438m. This includes more than £180m in cash and investments.
Only Down and Connor, and Dromore are entirely within Northern Ireland.
Dromore…
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