Bank of Ireland has indicated further job cuts are possible in addition to its existing redundancy plan, which will see 750 staff leave the bank.
At its AGM this morning, BoI Chief Executive Richie Boucher also said the bank was taking action against landlords who are hoarding rent instead of re-paying the bank.
The bank told shareholders that it was not engaged in discussions with the Government over its plans to move loss-making "tracker" mortgages off the balance sheets of some Irish banks.
The Government wants to shift mortgages that track the ECB interest rate from AIB and Irish Life and Permanent.
Mr Boucher said that it did not come into the talks as it was not fully in State hands.
"Bank of Ireland are not engaged in any such discussions with the State or the Irish Bank Resolution Corporation but we are obviously keeping a close eye on potential developments," he said.
"We are not owned by the State so it wouldn't occur for us to be involved," he added.
He also said that tracker mortgages are proving ''expensive'' for the bank at the moment. He said the bank is trying to enhance its margins in terms of funding.
Mr Boucher said that some things are worse than expected, but some things better and he gave no commitment on dividends.
He said that growing arrears in the bank's buy-to-let mortgage book is ''problematic''. He said that 500 staff are now working on arrears cases. He also said the bank is appointing rent receivers to landlords who hoard rent and do not give it to the bank.
Mr Boucher said the bank's job is to maximise recovery of loans it lent. ''Litigation is a last resort,'' he stated.
BoI Chairman Pat Molloy said that increasing deposits is a high priority for the bank.
He said the bank's leadership has been ''exceptional'' given what it has had to deal with. Mr Molloy also said that salaries are compliant with agreements with the State.