Dhaka, March 14 -- Bangladesh Bank is providing direct support to two banks undergoing a liquidity crisis.

The central bank provided Tk 25 billion to two Islamic banks - Social Islami Bank and First Security Islami Bank - on Thursday.

The banks had petitioned for the support last week and it was granted by Bangladesh Bank Governor Ahsan H Mansur on Thursday, confirmed the central bank's director and spokesman Shahriar Siddiqui.

Shahriar said the central bank provided direct liquidity support of Tk 15 billion to Social Islami Bank and Tk 10 billion to First Security Islami Bank.

"We can call it high-powered money, or money that was printed. This liquidity support was provided without collateral."

Following the government changeover, c...