February 9, 2026
RED FM News Desk
British Columbia Premier David Eby has officially announced the province’s support for a private-sector proposal to establish the headquarters of a new international bank in Vancouver. Known as the Defence, Security, and Resilience Bank (DSRB), the institution is designed to provide critical financing for defense and security projects across NATO member nations and their allies.
The primary mission of the DSRB is to fund infrastructure and military equipment projects that enhance national and global security. As a multilateral institution, it aims to address the growing financial challenges faced by governments and the defense industry as they work to secure borders and meet modern geopolitical commitments.
Bridgitte Anderson, CEO of the Greater Vancouver Board of Trade, emphasized that the bank represents more than just a financial entity, calling it a “vital security instrument.” She noted that Vancouver offers a unique strategic advantage as a tri-continental bridge, effectively connecting the Indo-Pacific region, Europe, and the Arctic Channel.
The competition to host the prestigious institution is significant, with Toronto and Montreal also submitting proposals to the federal government. However, Premier Eby expressed strong confidence in British Columbia’s bid, describing the province as the “economic engine” of Canada’s future and asserting that Vancouver is fully prepared to host a global institution of this magnitude.
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