IOR Publishes Annual Report 2013
Report Follows Completion of Independent Audit, Release of Key Figures Last Week
Vatican City, (Zenit.org) | 705 hits
The Institute for the Works of Religion, commonly known as the Vatican Bank, has published its annual report for 2013. The report follows an independent audit of the finance facility, completed 4 July.
The key figures of today's report were published last week.
Independent auditors Deloitte & Touche say in the report that in their opinion, the financial statements "present fairly, in all material aspects, the financial position" of the IOR, and that its financial performance and cash flows for 2013 were "in accordance with International Financial Reporting Standards."
As of 31 December 2013, the IOR held customer assets totalling EUR 5.9bn, and shareholders’ equity of EUR 720m.
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