VATICAN CITY
Vatican Radio
[with audio]
(Vatican Radio) The Institute for Religious Works (IOR) released its balance sheets Tuesday for the year 2013 showing that in a bid to strengthen transparency the IOR closed the accounts of three thousand customers.
They also show that in 2013 the institute, also known as the Vatican Bank allocated € 54 million euro to the budget of the Holy See.
Speaking to Vatican Radio’s Fr Bernd Hagenkord, the outgoing President of The Institute for Religious Works, Ernst Von Freyberg said that Phase One of the reform of the IOR had been concluded.
Below find a full transcription of an interview in English with President of the Institute for the Works of Religion, IOR, Ernst Von Freyberg. Listen to this interview with the Head of Vatican Radio’s German section Father Bernd Hagenkord SJ.
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