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The company will be fully operational in November 2022
Mirza Ashraf begged.
Money Protects (MP) has signed a one-of-a-kind business consultancy agreement with Crowe MAK UAE and JRB Chartered Accountants in Dubai. The pair hammered out a signature business plan, market and financial analysis, and financial forecasts over a five-year period.
MP – fully operational in November 2022 – is a pioneering financial ecosystem that provides individuals and businesses with sustainable solutions for financial freedom in wealth creation and management.
Mirza Ashraf Beg, founder of Money Protects, shares his vision. “Our structural and operating plan is to bring financial innovation together to bridge the gap between sustainability and long-term confidence in the financial services ecosystem, with the goal of a potential unicorn expansion within 2-3 years.”
The overall target is to reduce NPL (non-performing loan) impairment impairments in the UAE by AED20 billion within 3 to 5 years, increasing by AED150 billion annually. Because the current banking and financial markets are too friendly to their portfolios, failing to restructure the problem or provide clients with truly affordable solutions. Instead, the process begins with default, retail and business recovery, and in many cases even leads to legal cases. The UAE’s gross non-performing loans have not decreased despite the lender’s roller coaster business after making provisions for impairment. — business@khaleejtimes.com
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