Day: June 9, 2018

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.

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 …

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