With Billions worth of Shares, Catholic Church actively involved in Stock Market in plain hindsight - Our Daily Revelations PH

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With Billions worth of Shares, Catholic Church actively involved in Stock Market in plain hindsight


Photo credit to Rappler/cbcpnews.com
Rappler’s January 2015 write up revealed that the Catholic Church, particularly the Archdiocese of Manila, had more than P30 Billion worth of Stock Investment along with its subsidiary companies in the Philippine Stock Exchange (PSE). Arguably one of the ‘richest’ dioceses in the world, it is also the most ‘liquid’ among the dioceses in the Country.

To validate its rather astonishing reputation, one is left to wonder, ‘JUST HOW RICH EXACTLY IS THE CATHOLIC CHURCH?’

Considering its ‘unconventional’ financial declaration to regulatory bodies, Rappler suggested that “one way of assessing the financial status of the Church is through its stock investments, where companies are required to disclose their biggest stockholders. Although it does not capture the entire picture, it provides a bird’s eye-view of how much and where Church funds are.”

Fact – checking inquiry with the PSE revealed that the Church is indeed, a major stock market player with investments locked in banking, oil, information technology, energy, food and beverages, construction and mining.

Through the business – and money – oriented online portal and discussion forum, pinoymoneytalk.com, Rappler was able to consolidate the list of primary stocks, including several blue-chip companies, where the Church has invested its fortune.


Further research revealed that Archdiocese of Manila became 5th BIGGEST Bank of the Philippine Islands (BPI) owner with an equivalent share of 8.35% of stocks but later on diluted its shares.

The Archdiocese ranked 14 in oil firm Philex Petroleum’s top 100 list of investors as of April 2014 which divested its shares by September 2014 from Philex Mining Corporation, the former’s sister company, which had more than 3 million shares invested in it as of January 2011, yet eventually diluted by June 2011.

DELICADEZA - The archdiocese decided to pull out its investments from both oil and mining companies to continually be ‘at par’ with its teachings following Catholic Bishop’s Conference of the Philippines (CBCP) earlier pastoral statement in 1998 suggesting that large – scale mining poses a huge deal of risk to the environment.


Photo credit to The Adobo Chronicles

Photo credit to Who is Spawnskies?
Convinced just yet? Other than the Archdiocese of Manila, the Archdioceses of Zamboanga, Tuguegarao, Nueva Segovia de Vigan, Jaro, and Dioceses of Butuan and Sorsogon also each have their own share of investments in the Stock Market, based on PSE disclosures.

The concept of the church’s financial diversification was established by the late Cardinal Rufino Santos, who, was known as a financial guru, spearheaded its stock placements including companies that operate businesses that are likely ‘against’ church teachings.

This however, changed over the course of time as the church now has a ‘negative list’ with which investments should not be put into including firms related to mining, gambling, and child labor.

Referring to its previous investment in Philex Mining, a church’s financial adviser admitted that it took quite amount of time for the institution to become consciously selective about where to invest its money including having to divest its fortune from businesses that are likely profitable or could cause controversy dragging the Archdioceses’ name.

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Source:  rappler.com

With Billions worth of Shares, Catholic Church actively involved in Stock Market in plain hindsight Reviewed by Unknown on June 19, 2018 Rating: 5 Photo credit to Rappler/cbcpnews.com Rappler’s January 2015 write up revealed that the Catholic Church, particularly the Archdiocese o...

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