If we could repossess then we'd beat crisis - PTSB
Permanent TSB said it wouldn't have so many problem loans if it was tougher on customers or was driving defaulters out of their homes.
"At a simple level we would not have an NPL (non-performing loans) ratio of 26pc if we were treating customers unfairly or if the legal system was progressing cases at speed," the bank's head of group operations Shane O'Sullivan said.
He made the comments as State-backed PTSB chalked up its first profit in a decade and provided fresh details on the proposed sale of 18,000 troubled residential mortgages.
Mr O'Sullivan pointed out the bank evicts a small number of customers and views the step as a last resort. He said PTSB's high stack of non-performing loans is in part "a reflection of the type of legal system that our society wants and has in place".