28/07/2026 12:54
Topic:
ST Cover Policy - Gulf Region and Israel
Joanna Kaczyńska
|
Dear Csaba,
In terms of ST cover policy, we are closed to Iran. As for Israel, we have not changed our policy. As for the others, see below:
We accept the limits, while adhering to the principle of restrictive risk assessment (if we have information that allows us to accept the risk—we accept it; if there is insufficient information or we have doubts—we refuse).
Current risk appetite for these markets compared with the pre-conflict period has decreased moderately.
Our exposure in the region is not significant enough for us to have felt any major impact since the outbreak of the conflict.
The greatest risks remain those related to war, sanctions, and the supply chain.
We are taking a cautious approach and monitoring international resolutions as well as the actions of other countries in the region.
Kind regards,
KUKE S.A. |