Gerry Horkan (Fianna Fail) | Oireachtas source

I have only a few questions because many of the points I wish to raise have been covered. I thank the witnesses for at least turning up today, which many other credit servicing firms have not done. To be fair, they deserve thanks for that. Regarding the approximately €400 million difference between the gross and net book value of the loans, Mr. Crowley said that the figure used was the net book value. Pepper, on behalf of Glenbeigh, can still pursue the full €1.3 billion. I presume it will do so and Glenbeigh will effectively be the beneficiary of that gain, if it happens. Is that correct?