Vatican City

Vatican bank launches Internet site to publish balance sheet

IOR 'responding to international norms,' says institute head

Vatican bank launches Internet site to publish balance sheet

(updates previous with more quotes) Vatican City, July 31 - The Vatican bank, formally known as the Institute for Religious Works (IOR), has launched a new Internet site where it will publish its annual balance sheet, the head of the Vatican Bank, Ernst von Freyberg, told Vatican Radio Wednesday. "Our task is to run IOR in a way that it can respond to international norms, that it is a clean institute and one of service," von Freyberg said. The bank's head also said that new measures were aimed at giving Pope Francis "an option to decide the right formula for IOR". "IOR has had an annual certification (by external auditors) for years, but this is the first year we will publish it," von Freyberg said. "The site will also include a presentation of our services, a sampling of our clients, important moments in the bank's history, reforms we are pushing ahead on and people who work with us," he said. Anyone interested can visit the site at www.ior.va, von Freyberg said.

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