Feb 5 (Reuters) - Toronto-Dominion Bank ( MLWIQXX ) said on

Thursday it would support the establishment of a global defence

bank, becoming the latest major Canadian lender ‌to throw its

weight behind the proposal.

The proposed Defence, ​Security and Resilience Bank is one of

several ‍competing ideas for a ⁠new multilateral ⁠defence bank

aimed at rearming European and NATO member ‌countries, although

it has garnered ​limited support in Europe.

Scotiabank and CIBC on Monday had made

similar ⁠announcements, days after ‍the Canadian ​government gave

the proposal its backing.

"As Canada and its allies increase their focus ‍on advancing

defence, security and resilience, TD is committed to supporting

the financial foundation that helps drive this progress

forward," TD CEO Raymond Chun said in a ​statement.

JPMorgan ( JPM ), ‍Royal Bank of Canada and Deutsche

Bank are also partnering with the ​initiative.

TD, RBC, Scotiabank and CIBC are four of Canada's big six

banks, controlling a majority of the country's banking system.

Backers of the DSRB want it to become a ​global state-backed

institution with a triple-A credit rating capable of raising

$135 billion to fund defence projects.