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Allies and financial institutions have to do more, and we agree we can do more, so that is what we will do, and that's what the call for action is all about. It's about Allies playing their part to strengthen domestic financing mechanisms, promoting public-private co-investment models and supporting multinational initiatives to address financing gaps.
At the same time, the call for action is about you, the financial institutions, playing your part to increase the capital allocated to defence and security, so that we can further strengthen defence industrial production across the Alliance. Here, listen, the institutions represented here today have mobilised over 200 billion dollars, to be precise, 217 billion dollars of capital for Allied defence, security and resilience. This is incredible stuff, and exactly the kind of support our security needs. Let's have a warm round of applause for this fact.
And with this, I want to acknowledge these leading financial institutions that are here today to show their support for this initiative. Banco Santander, Barclays, BNP Paribas, Business Development Bank Canada, Citi, Danske Bank, Deutsche Bank, the NATO Innovation Fund, NatWest, and PKO Bank Polski. I want to thank you all for your valuable support, and please keep up the effort. And tell your banking friends this is really just the beginning, and the difference you are making will be profound.
This is about safeguarding our freedom, and security and prosperity for years to come. We must open the floodgates of private capital into defence to unleash our production and innovation. So, again, thank you for your support. And now to action. Thank you so much.