UniCredit Tiriac Bank grants EUR 2mln loan to oil producer Argus

Newsroom 28/09/2010 | 13:09

UniCredit Tiriac Bank granted a loan of EUR 2 million (RON 8.5 million) to finance the activity of oil producer Argus.

“We wish to consolidate our image as a trustworthy business partner at a national and international level,” said Vasile Leu, president of the Argus administration board. UniCredit Tiriac Bank has 520,000 active clients and 234 subsidiaries.

The Argus oil production unit was founded in 1943 under the name S.A.R. Argus, with the headquarters in Constanta. The company had Romanian private capital. In 1948, the company was taken by the state and was called Argus Industrial State Plant. It became Argus S.A. Constanta in 1991, and became a company with private local capital at the end of 1996, following privatization. Since 2002, Argus is listed on Rasdaq capital market.

Otilia Haraga

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Newsroom | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue