Azerdemiryolbank hands in an application to GAF for 2nd tranche
вЂњJoint stock and commercial Azerdemiryolbank addressed to the German-Azerbaijani Fund (GAF) for the 2nd tranche,вЂќRoman Amirjanov, the chairman of the Board of the bank, told Trend. The application was handed in for the same sum i.e 500,000 euros. The previous sum was received after joining the fund in September 2004.
The next tranche may be allocated to Azerdemiryolbank only after receiving of the 3rd credit of by GAF from KFW that requires signing of intergovernmental agreement envisaging financial and technical aid from 2004 to 2005.
The German government has presented draft agreement to the Azerbaijani side, the Cabinet of Ministers told Trend.