Scotiabank in Partnership to Establish New Global Defense Bank

Dow Jones

Feb 02

By Robb M. Stewart

Big Canadian lender Bank of Nova Scotia is joining a new international financial institution being established to help NATO and its allies deliver on commitments to ramp up spending on defense and security.

Scotiabank is a partner bank of the Defence, Security & Resilience Bank Development Group, supporting the establishment of the Defence, Security & Resilience Bank.

DSRB will provide governments with access to low-cost financing, procurement support and mechanisms to mobilize private capital through credit guarantee programs, the bank said.

Chief Executive and President Scott Thomson said Scotiabank has committed to providing capital and expertise at a time when Canada and its allies are making historic investments.

DSRB's leadership includes former senior NATO and government officials. Its website lists Royal Bank of Canada, ING, Deutsche Bank and Commerzbank among its supporters.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

February 02, 2026 07:30 ET (12:30 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Stewart \n\n\n \n\n\n  Big Canadian lender Bank of Nova Scotia is joining a new international financial institution being established to help NATO and its allies deliver on commitments to ramp up spending on defense and security. \n\n\n  Scotiabank is a partner bank of the Defence, Security & Resilience Bank Development Group, supporting the establishment of the Defence, Security & Resilience Bank. \n\n\n  DSRB will provide governments with access to low-cost financing, procurement support and mechanisms to mobilize private capital through credit guarantee programs, the bank said. \n\n\n  Chief Executive and President Scott Thomson said Scotiabank has committed to providing capital and expertise at a time when Canada and its allies are making historic investments. \n\n\n  DSRB's leadership includes former senior NATO and government officials. Its website lists Royal Bank of Canada, ING, Deutsche Bank and Commerzbank among its supporters. \n\n\n \n\n\n  Write to Robb M. 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