Formal design of the bank’s structure will begin in September, with further partners and investors to be announced soon.
NATO Countries to Establish International Defense Bank for Procurement Financing
Published:
10 Aug / 2025
20:06
NATO member states are set to create an international defense bank named the Defense, Security and Resilience Bank (DSRB), specializing in financing defense procurement for NATO and partner countries.
This initiative, reported by Europäische Sicherheit & Technik,
is driven by political support and transatlantic financial institutions
aiming to help countries meet NATO’s June 2025 summit goal of
allocating 5% of GDP to defense spending.
A high-level working group led by UK Treasury Chancellor Rachel Reeves and Defense Secretary John Healey approved the bank’s creation in July, with strong backing from the European Parliament. The DSRB will be state-owned and supported by major financial institutions, including:
- Commerzbank (Germany)
- ING Group (Netherlands)
- JP Morgan Chase (USA)
- Landesbank Baden-Württemberg (Germany)
- RBC Capital Markets (Canada)
The hope is to ensure the new defence bank can secure private capital
and there are expectations of a second wave of banking partners,
investment firms and stakeholders to announce their buy in ahead of
early September which will mark the start of formal engagement on the
bank's structure.
Rob Murray, former head of innovation at NATO and CEO of the DSRB
Development Group, says that
"For too long, we have underestimated the
role of capital in defence. The banks stepping up today understand that
deterrence demands financial support - and this new institution is being
built to deliver it."
Kevin Reed, president of the DSRB Development Group, adds:
"This is
not just about financing defence - it is about redefining deterrence for
the modern era. In the twentieth century, deterrence meant industrial
mobilisation. In the twenty-first, it means financial partnership."
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