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Deutsche Bank backs proposed global defence bank
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Deutsche Bank backs proposed global defence bank
Sep 17, 2025 9:15 AM

BERLIN/LONDON, Sept 17 (Reuters) - Deutsche Bank

supports the establishment of the Defence, Security

and Resilience Bank (DSRB), an initiative to create a global

state-backed defence bank to fund countries' rearmament, it said

on Wednesday.

Deutsche Bank has joined rivals already signed up including

JPMorgan ( JPM ) and Commerzbank in assisting the

proposed multilateral lender, according to the DSRB's website. A

DSRB spokesperson declined to comment.

Deutsche Bank did not specify how it was helping. Other

banks have said they were providing technical assistance to get

DSRB up and running, while Dutch lender ING said it

provided a start-up loan.

"Deutsche Bank is committed to continuing to support ongoing

efforts by the EU, the German government, the UK government and

others to enhance defence resilience in Europe," the bank said

in a press release.

The DSRB has been proposed by former NATO security advisers,

senior ex-military personnel and bankers. Its aim is to found a

triple-A rated institution capable of raising 100 billion pounds

($137 billion) to fund defence projects, particularly in

countries that may struggle to access cheaper finance.

Reuters reported earlier this month that Britain would not

back the initiative, in an early blow to the proposed project.

The DSRB held a meeting in London earlier this month

attended by 35 countries from NATO nations, the EU and the

Indo-Pacific region - including all G7 nations - to discuss the

proposals. It has not yet said whether it has secured financial

backing from any countries to support its launch.

($1 = 0.7320 pounds)

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