The story is still more complex than this. Basically Malma had a few credits already, then Pekao proposed a unifying credit + to help with the IPO as a way to get funds for expansion, but the IPO never happened.
Perhaps the timing of all those things was bad and company was too ambitious with expansion plans. But there are a few details about the bank behavior that feel off. If the company was in hopeless situation, why the bank offered the credit at all? I guess we'll never know all the accurate details.
The story is still more complex than this. Basically Malma had a few credits already, then Pekao proposed a unifying credit + to help with the IPO as a way to get funds for expansion, but the IPO never happened.
Perhaps the timing of all those things was bad and company was too ambitious with expansion plans. But there are a few details about the bank behavior that feel off. If the company was in hopeless situation, why the bank offered the credit at all? I guess we'll never know all the accurate details.