Seán Fleming (Laois, Fianna Fail) | Oireachtas source

Fine. This is where I was trying to be helpful to Deputy Cassells earlier in his questioning. The bank has not offered a write-down, but the second half of the question was whether the IGB has sought one. Mr. Creed said IGB has sought a write-down, which I understand, but that discussions are still ongoing. In other words, IGB has sought a write-down but it has not been offered. It is still in the melting pot.