Province Backs Private Sector’s Effort to Attract NATO Bank to Vancouver

Bassyonni

Published: February 10, 2026 9:23 PM ET

Province Backs Private Sector’s Effort to Attract NATO Bank to Vancouver

British Columbia is making strides to attract the Defence, Security and Resilience Bank (DSRB) to Vancouver. Premier David Eby has publicly expressed the province’s commitment to supporting this private sector initiative. The DSRB aims to finance projects related to defense, security, and resilience for NATO members and allied nations.

Significance of DSRB for British Columbia

According to Premier Eby, British Columbia is a reliable jurisdiction characterized by stability and a strong adherence to the rule of law. He noted that the province is at the forefront of financial technologies essential for future developments. “We know that British Columbia represents a trustworthy jurisdiction,” he stated.

Potential Economic Impact

Hosting the DSRB could have substantial economic benefits. This bank will serve approximately 40 countries, generating an estimated 3,500 jobs in areas such as defense finance, international operations, and specialized research.

Job Creation: Estimated 3,500 positions.
Fields of Employment: Defence finance, international operations, specialized research.

Vancouver’s Strategic Advantage

Vancouver has been highlighted as a strategic location for NATO allies situated in Europe and Asia. Eby emphasized the city’s centrality, stating, “Without question, Vancouver is the right choice and the strategic choice.”

Competitive Landscape

Canada is among several nations vying for the DSRB headquarters. Other Canadian cities, including Toronto, Montreal, and Ottawa, are also in the running to host this important institution. The selection process will culminate by the end of March, with the winning city announced by the year’s end.

Leadership Behind the Bid

The Pacific Security Bank Bid Committee spearheads Vancouver’s effort. This committee comprises 21 members, including local politicians and leaders from First Nation, business, trade, and tourism sectors. Their collaborative approach underscores the importance of community support in enhancing Vancouver’s bid.

As the province continues to advocate for this opportunity, the outcomes could significantly influence British Columbia’s economic landscape and contribute to its role in international security initiatives.