Executive finding
Basel III reclassification ended years of understatement: the honest non-performing loan ratio hit a record 35.7 percent in late 2025, far above the long-reported single digits. State-owned banks hold the worst of it. A real recapitalization runs both ways: capital in, accountability out.
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Cite this publication
BDPolicyLab Research. (2026). Honest Accounting. Bangladesh Policy Laboratory. https://bdpolicylab.com/publications/honest-accounting
Method and source
Consult the references and methods in this publication for sources, observation periods and limitations. The publication date is not the observation date of its underlying data.