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All Big Six Canadian Banks Now Backing Proposed Defence Bank
Canada leads creation of the Defence, Security and Resilience Bank, backed by its six major banks and 13 nations to fund defence projects with low-interest loans.
- On Feb. 11, 2026, Bank of Montreal confirmed it had joined, completing support from Canada's six major banks for the Defence, Security and Resilience Bank .
- Canada hosted talks on January 30, 2026, with 12 countries and the DSRB Development Group welcomed Finance Minister François‑Philippe Champagne's confirmation of Canada’s leadership.
- The Defence, Security and Resilience Bank would finance defence projects through low-interest loans, with shareholder nations investing equity and major global banks signing on as partners.
- Several Canadian cities, including Toronto and Ottawa, are campaigning to host the bank and its estimated 3,500 jobs, while negotiations beginning in March will decide the headquarters and charter.
- The DSRB is being formed by 13 leading nations aiming for as many as 40 member countries, as NATO countries pledge to spend five per cent of GDP on defence.
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The Epoch TimesReposted by 
Loonie Politics
Loonie PoliticsBMO Joins Rest of Big Bank Peers in Supporting Proposed International Defence Bank
BMO Financial Group says it’s joined the rest of the big Canadian banks in backing the proposed Defence, Security and Resilience Bank (DSRB) being set up by democratic countries. BMO says it’s proud to support efforts like the DSRB that will strengthen Canadian and Allied defence and security. The defence bank is meant to reduce borrowing costs for military spending among member states by pooling credit strength. RBC, CIBC, Scotiabank, TD and Na…
·New York, United States
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Winnipeg Free Press+5 Reposted by 5 other sources
All Big Six Canadian banks now backing proposed defence bank
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Coverage Details
Total News Sources10
Leaning Left2Leaning Right1Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
Factuality
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