The initiative to create the bank was proposed by Canada, and it was joined by Latvia, Albania, Belgium, Greece, Luxembourg, Romania, Turkey, and Ukraine. The establishment of the bank was announced at the NATO summit in Ankara. In a joint statement, the leaders of the countries emphasize that as NATO countries increase investments in defense, expand production capacities, and strengthen military potential, it is necessary to use both public and private financial resources more effectively. Therefore, the countries committed to cooperate in creating a new international financial institution that will promote investments in defense, security, and resilience. The Defense, Security, and Resilience Bank is expected to provide more stable lending opportunities, improve access to financing, reduce financing costs, support the development of the defense industry, and expand production capacities. At the same time, the heads of state emphasize that the task of the new bank will not be to replace existing national or international financing mechanisms, but to complement them. Successful negotiations on the bank's charter, which will serve as the basis for the further process of its establishment, have already taken place in Montreal. The countries committed to providing the necessary political support so that the bank can begin full operations in early 2027.