The Institute for Works of Religion (aka, the Vatican Bank) has published the first annual report of its 125 year history for the year of 2012 and the first 8 months of 2013.
The goal: to report to the universal Church its holdings giving a window of transparency, it contributes to the mission of the Church; the investors, and the public. The IOR has, in the past months, reached out to the media by engaging in an open dialogue, creating a new managed website, and given the published report on finances.
You’ll find a lengthy report on the IOR’s business activities and detailed financial statements, including one from the external auditing company KPMG and statements from various others.
No new facts; the IOR is a conservative financial institution.
You can read the report here (it’s a 99 page .pdf).
Father Bernd Hagenkord spoke with the President of the IOR, Ernst von Freyberg.
Here is a 6 minute Vatican Radio interview.
