Mystery €2.6m loan. Half of Kasco’s exposure to BOV loaned without security to unknown third party.

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2018-06-09T09:59:56+00:00Sat, 9th Jun '18, 09:58|

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 [...]