Armenian banking should lend more actively for purchase of Smartphones: expert

YEREVAN, November 14. / ARKA /. Bagrat Yengibarian, Director of the Enterprise incubator Foundation (EIF), said Armenian banks should be more active in lending to citizens for purchase of smartphones. Speaking to ARKA he said the banking sector should be interested in providing affordable loans for the purchase of smartphones, as it is with laptops.

According to Yengibaryan, the pricing policies of Armenian mobile operators offering more favorable terms for purchase of smartphones, have improved the situation somewhat; however, smartphones are still not available to the majority of Armenians.

“Armenians are known by their desire to have the latest and greatest. And in this sense the banks should offer them low-interest loans to buy smartphones, “- he said.

Yengibaryan said the Armenian population is interested in using mobile devices, providing easy access to the Internet and other services.

“New technologies are emerging in our country quite quickly. This is very important for us in the context of our ambitious plan to become IT leader in the region which is impossible without the use of new technologies in telecommunications,” he added.

The official Apple representative in Armenia – Mobile operator Orange Armenia – began sales of iPhone 4S on Friday. -0-

spot_img

POPULAR

Armenian police warn of new phishing scheme purporting to be a bank

The Armenian Ministry of Internal Affairs' cyber police have warned of a fraudulent advertisement actively spreading on social media, purporting to be a joint offer from AMIO Bank and Yandex Eats.

4.5% Inflation Recorded in Armenia in July

Twelve-month inflation in the Armenian consumer market in July of this year was 4.5%, according to a report from the Statistical Committee.

Ranking of Armenia’s Largest Credit Institutions by Total Capital in H1 2026

ARKA News Agency publishes a ranking of Armenia's largest credit institutions by total capital for the first half of 2026.

Loan and leasing portfolio of Armenian credit institutions in the first half of 2026 amounted to 681.8 billion drams

YEREVAN, August 10. /ARKA/. As of June 30, 2026, the total loan investment and leasing portfolio of Armenian credit institutions reached 681.8 billion drams, reflecting a 1.64% increase from the previous quarter and a 3.23% rise since the start of the year.

Armenia to attract $150 million loan from ADB for budget support

At a meeting on Thursday, the Armenian government approved a $150 million loan agreement with the Asian Development Bank (ADB) under the "Fiscal Sustainability and Financial Market Development – ​​Subprogram 3" program.

LATEST NEWS

spot_imgspot_imgspot_img