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Rome Reports

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Vatican Bank has new president: Ernst Von Freyberg, from Germany

FR. FEDERICO LOMBARDI Vatican spokesman "He mostly lives in Frankfurt, that's his main residence. But he travels quite a bit, since he has to attend to different jobs. He will probably spend three days a week here in Rome. He will have a consistent and continuous presence here, but not exclusive.� The Vatican Bank is known as the IOR, which stands for Institute for Religious Works. Its assets total about 6 billion euros. It has 130 employees and manages about 44,000 accounts. VIC/RCG/KLH CTV VM - PR -u:VIC