Mystery €2.6m loan. Half of Kasco’s exposure to BOV loaned without security to unknown third party.
Mystery €2.6m loan. Half of Kasco’s exposure to BOV loaned without security to unknown third party. For a business that barely makes an average €57,000 of yearly profits, the bank exposure of Keith Schembri’s Kasco Group is massive. Ranging between €5m and €7m that financing is provided by the Bank of Valletta. Kasco Group used [...]