VATICAN CITY
Vatican Radio
(Vatican Radio) The IOR – Istituto per le Opere di Religione, or the Vatican Bank, released its Annual Report for the 2015 fiscal year on Thursday, indicating its commitment to assisting the Holy Father in his universal mission of pastoral care.
The extended Annual Report was accompanied by a Press Release detailing the more salient points of IOR’s 2015 activities.
Jean-Baptiste Douville de Franssu, President of the IOR, and the Director General, Gian Franco Mammì, participated in a roundtable event with Vatican Radio and Osservatore Romano to discuss the report.
The full transcription of the roundtable is below:
Q: Why does the Vatican, and the Church, need the IOR, and what are the services the IOR offers?
Jean-Baptiste Douville de Franssu: Let me say how pleased I am to be here today and to be given the opportunity to report on 2015 which was a very important year for the IOR, and I am sure with Dr. Mammi we will have many opportunities in the course of this interview to tell you a little bit about some of those activities of 2015.
Why does the Vatican and the Church need the IOR? I think it’s very simple. First of all, we should remember that the Vatican, being a sovereign state, it has a small economy and like any sovereign state that has an economy, it needs an institution that we would refer to traditionally as a financial institution that allows for transfer of payments to occur and allow the different agents in the economy to function. So that’s the primary role of IOR.
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