THE It comes a year after the Church's investment portfolio in
The revelation caused embarrassment for the Archbishop of
The religious leader had also said he wanted to compete Wonga out of business.
Last night the Church Commissioners for
It insisted it had not profited from their connections to the company which was last month ordered by the
A commissioners spokesman said: "[We] no longer have any financial or any other interest in Wonga.
"At no time have the Commissioners invested directly in Wonga or in other payday lenders. The indirect exposure of the Commissioners through pooled funds represented considerably less than 0.01% of the value of Wonga.
"The Commissioners are pleased that another way forward has been agreed given their fiduciary duties to clergy pensioners and to all the parts of the Church they support financially."
It said the Commissioners believe venture capital to be "a good and useful instrument with significant potential to serve the common good", but that "ethical investment changes" had been made.
The Church indirectly invested less than pound(s)100,000 in Wonga out of investments totalling pound(s)5.2 billion.
It comes a year after the Church's investment portfolio in