The facts
The governments are Albania, Belgium, Canada, Greece, Latvia, Luxembourg, Romania, Türkiye and Ukraine. [1][2]
Their statement says the proposed institution would address financing gaps for governments and defence companies. Its founding articles were negotiated in Montréal in April 2026. [1]
The governments intend to seek a AAA credit rating after establishing the bank. An intended rating is not an awarded rating or a completed capital commitment. [1]
The group says membership will remain open to other allies and close partners. The announcement reaffirms an earlier Ankara declaration of 7 July. [1]
Still unconfirmed
- The current statement does not specify a new subscribed-capital total, each country's contribution, Ukraine's borrowing terms or an allocation of funds to it.
Sources
References support the numbered facts above. Source checks: 30 Oct 2026, 15:30 UTC.
- Joint statement on establishment of the Defence, Security and Resilience Bank
Department of Finance Canada / nine participating governments · Primary source · 29 Oct 2026
Actual official statement read through public web fallback after native connection failure. The November signing, intended 2027 operations and desired rating are future steps, not completed outcomes.
- Ukraine to co-found defense bank aimed at financing weapons production
The Kyiv Independent / Jakub Laichter · Reporting · 30 Oct 2026
Actual independent report read. Earlier reported August capital ambitions and October headquarters plans are distinct from this statement; an unconfirmed current funding figure or immediate Ukrainian disbursement is not asserted.