# Canada Leads Defence Bank Formation in Luxembourg

Canada is leading the proposed Defence, Security and Resilience Bank (DSRB), with nine countries expected to sign its founding agreement in Luxembourg on November 30, 2026—21 days from now. The bank aims to raise about €100 billion for lower-cost sovereign lending and credit support for defence suppliers; Canada has pledged up to €1.5 billion in capital. Its scale, credit rating, membership, eligibility rules, and launch timeline remain unsettled. The UK is pursuing a separate but complementary financing mechanism, while Germany is an observer. For defence contractors, the DSRB could change access to financing and, potentially, bank-financed procurement based on member-country eligibility.

- The founding agreement is expected to be signed on **November 30, 2026**; the bank’s operations are targeted to begin as early as 2027, subject to the plan progressing.
- Companies should assess how their country of incorporation or operations could affect eligibility, since suppliers from member countries may receive preferential access to DSRB-financed procurement.
- Defence suppliers and government buyers may find lower-cost lending and credit guarantees relevant to financing capacity and procurement planning, but the proposed €100 billion target is not yet established funding.

**Jurisdictions:** international
**Industries:** Defense & Military
**Topics:** Grants & Funding
**Published:** November 09, 2026

### Government Entities
- Government of Canada
- HM Treasury
- German Federal Ministry of Finance

### Sources
- [Canada's 'Defence Bank' takes shape without UK, Germany - International Finance](https://internationalfinance.com/finance/canadas-defence-bank-takes-shape-without-uk-germany) - https://internationalfinance.com/