09.07.2026 11:00
At the NATO Leaders Summit in Ankara, 9 countries, including Turkey, issued a joint declaration of intent to establish the Defense, Security and Resilience Bank. The bank, planned to have its headquarters in Canada, aims to become operational in 2027 by providing long-term and low-cost financing for defense projects.
At the NATO Leaders Summit held in Ankara, a notable step was taken regarding defense industry financing. The leaders of Canada, Albania, Belgium, Greece, Latvia, Luxembourg, Romania, Turkey, and Ukraine issued a joint declaration of intent to establish the Defense, Security, and Resilience Bank.
In a statement released by the Canadian Prime Minister's Office, it was stated that the leaders gathered at the NATO Summit in Ankara and announced their joint intention to establish the Defense, Security, and Resilience Bank. The statement indicated that the bank aims to become operational as early as 2027.
IT WILL PROVIDE LOW-COST FINANCING FOR DEFENSE PROJECTS
The new financial institution is intended to provide long-term and low-cost financing for projects in the defense, security, and resilience fields. According to a statement from the Canadian Ministry of Finance, the bank will help close critical financing gaps in the defense supply chains of member governments and small and medium-sized enterprises.
The statement emphasized that the DSRB is planned to expand access to capital, reduce financing costs, and support the increase of industrial capacity in member countries thanks to its strong credit base.
ITS HEADQUARTERS IS PLANNED TO BE IN CANADA
Canada had previously announced in a statement that it would host the future headquarters of the DSRB. According to the Associated Press, the institution's purpose is to help NATO members and partner countries meet their defense spending commitments and lower borrowing costs for military expenditures by pooling credit strength.
SUPPORT FOR CRITICAL SUPPLY CHAINS
In the official introduction of the DSRB, it was stated that the bank will offer long-term financing opportunities to strengthen allies' defense capabilities without straining domestic budget balances. The bank is also expected to provide guarantees that will pave the way for commercial bank loans to firms associated with the defense sector.