Citigroup joined the NATO-backed Call to Action initiative to mobilize private capital for the defense sector. The move aims to bolster defense production, industrial resilience, and military technology across NATO member economies.
NATO leaders announced the partnership during a summit in Ankara focused on increasing defense spending and industrial capacity. Citi will provide financing, payment infrastructure, and risk-management tools to support large-scale procurement.
Nacho Gutiérrez Orrantia, Citi’s Europe CEO, stated the bank aims to bridge the gap between national security needs and private sector finance. The initiative seeks to strengthen the Alliance’s long-term security through strategic industrial support.