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

Sona Ishkhanyan elected Chairperson of Acba Bank Board

Sona Ishkhanyan has been elected as Chair of the Acba Bank Board.  

A new law on payment services is being developed in Armenia – Deputy Governor of Central Bank

A new law on payment services is being developed in Armenia, taking into account modern trends in financial technology development, said Deputy Chairman of the Central Bank of Armenia Hovhannes Khachatryan.

Armenian authorities expect capital market value to double to 1.3 trillion drams by 2031 – Pashinyan

The capital market in Armenia is projected to grow from 664 billion drams in 2025 to 1.3 trillion drams by 2031, as stated by Prime Minister Nikol Pashinyan while unveiling the election platform of the Civil Contract party.

Euro, USD and ruble drop  against Armenian dram

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of April 28, 2026, decreased by 0.16 points compared to April 27, to 371.4 drams.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 22, 2026, decreased by 0.21 points compared to April 21, to 372.38 drams.

LATEST NEWS

spot_imgspot_imgspot_img