Venerdì, 19 Ottobre 2018
VATICAN CITY

Vatican's IOR bank to be more transparent, Von Freyberg says

English
© ANSA

Vatican City, May 31 - The Vatican's Istituto
Opere di Religione (IOR) bank plans to open up and be more
transparent through the publication of its profit and loss
accounts online and by running checks on its 19,000 account
holders, according to comments made by the lender's president,
Ernest von Freyberg.
In addition, the bank will start to have a different
"communication policy", and plans to give interview with
"qualified representatives of the international press", von
Freyberg said in a lengthy interview with Vatican Radio.
Von Freyberg was appointed in February by Pope Benedict XVI
in one of his last official acts as pontiff.
He is a German aristocrat and industrialist.
The Vatican bank, which last year was found not to have
been up to scratch in terms of European anti-money laundering
standards by a regulating body, has often been criticized for
lack of transparency in past decades.
Speculation was rife following the election of Pope Francis
earlier this year that the pontiff could apply the same strategy
to resolving issues with the IOR as he used in the past to
straightening out the finances of the Buenos Aires archdioceses,
according an Argentine Catholic Church spokesman.
The Italian press has also been increasingly speculating
the Pontiff may be planning to reorganize or even shut down the
IOR.
"When I was appointed I thought I would have had to
concentrate on what normally is defined as 'cleaning up' and
'putting things in order' among the irregular bank accounts",
the new president said.
"To date, nothing of this kinds has emerged from what I
have been able to determine".
"This doesn't mean that it doesn't exist, but that this is
not our biggest concern", he added.
"Our biggest concern is our reputation".
"Our work, my work, relates much more to comunication than
I could have originally thought", von Freyberg told Vatican
Radio.
"There is a lot to do in terms of comunication inside the
Church, not enough has been done in the past", he said adding
that there was a need for increased transparency and clear
explanations relating to what is being done.

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