Vatican City, Oct 14, 2008 / 23:37 pm
The President of the Vatican bank Angelo Caloia has stated that its deposits are safe from the global financial crisis.
Speaking in an interview released Monday by Famiglia Cristiana magazine, Caloia said that the bank only makes safe investments.
"Our assets are solid and we have no lack of liquidity,” he said.
Caloia is president of the supervisory council of the Institute for the Works of Religion, the bank’s official name. Its depositors are religious orders, dioceses, Catholic charities, other religious organizations, and the Vatican itself.