Vatican Bank to Publish Balance Sheet for First Time, Ansa Says

The Vatican bank will publish its financial accounts for the first time by the end of 2013, Italian news agency Ansa reported, citing remarks made by the bank’s head, Ernst von Freyberg.

The Vatican bank, which is formally called the Institute for the Works of Religion, or IOR, will also have its balance sheet audited, Ansa cited Von Freyberg as telling the bank’s employees at a meeting today.

To contact the reporter on this story: Lorenzo Totaro in Rome at ltotaro@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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