IFC ranked Bangladeshi top ten business groups


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IFC ranked Bangladeshi top ten business groups

Chittagong based AK Khan and Company has been ranked as the number one business group in Bangladesh for their volume of business, profit earning and employment.
Bashundhara, Meghna and Jamuna are picked as second, third and fourth in the ranking.
The rank was identified by International Finance Corporation (IFC), a World Bank group arms in a report titled “Bangladesh Journey to Middle Income Status: The Role of the Private Sector,”
According to the report about 5.7 crore employment has been generated by the private sector which is 95 percent of total employment of the country.
The report said the major 100 largest private sector Bangladeshi groups are based on family business and only 10 percent of those business farms are listed with the capital market of Bangladesh.
The IFC has suggested several recommendations which included reviewing status of banks companies property, liberalization of loan exposure, acquisition & merger of banks and relaxing issuance of corporate bond.
According to the report the other top ten companies are Square Group, TK Group, Akij Group, Beximco Group, United Group and City Group.



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