The prototype of the European Defense Bank has appeared, with support from three major banks.

J.P. Morgan, Deutsche Bank, and ING Group support the establishment of a new pan-European bank aimed at promoting secure spending throughout the region. Rob Murray, CEO of the development group guiding the creation of this bank, stated on Thursday that these heavyweight banks are among the largest financial companies supporting defense, security, and resilience banks. The bank aims to raise 100 billion to strengthen military restructuring and address threats. As President Trump threatens to cut military support to the European continent, this idea is to enable European countries to quickly invest in defense procurement without causing government debt to skyrocket. The bank is expected to address systemic issues in defense financing, especially for small companies that have difficulty obtaining credit for the production of critical components. The DSRB will provide guarantees to commercial banks to unlock credit for suppliers. It will also issue bonds supported by AAA ratings, which will reduce borrowing costs for states.