VATICAN CITY
Chiesa
VATICAN CITY, February 22, 2013 – Among the last acts of governance of Benedict XVI, a substantial impact in the media has been created by the appointments concerning the Institute for Works of Religion, the financial institution based in the Vatican that holds deposits, as of November 2011, totaling 6.3 billion euro, on behalf of 20,772 clients.
To begin, on February 15 the Vatican press office announced the name of the new president of the supervisory board of the IOR.
The announcement was made in a statement from the Vatican press office that was also published on page 2 of “L’Osservatore Romano” dated February 16.
“The cardinalate commission of oversight of the Institute for Works of Religion (IOR),” the note states, “has provided for the appointment, in keeping with the statutes, of the new president of the board of supervision in the person of the attorney Ernst von Freyberg. The other four members of the board of supervision maintain their positions.”
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