Royal Bank of Canada is among the lenders that have signed up to develop the Defence, Security and Resilience Bank, which will support defence-related investments made by NATO members and their allies. Photo by Andrew Lahodynskyj / The Canadian Press

The Royal Bank of Canada will work alongside some of the world’s biggest lenders to help create a new defence bank that could help Canada meet elevated military spending targets required by the North Atlantic Treaty Organization (NATO).

The Defence, Security and Resilience Bank (DSRB) is being developed as a new multilateral financial institution along the lines of the World Bank that will support defence-related investments made by NATO members and their allies. The bank is expected to have 40 countries as shareholders and aims to b

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