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The bank, which is the largest lender to the Irish economy, said it had continued organic capital generation during the period.
Its net interest margin - a key indicator of profitability - rose by 5 basis points from H2 2016 to 2.32%.
Outgoing Bank of Ireland CEO Richie Boucher said the lender expects to recommence dividend payments "at a modest level" in the first half of 2018.
The bank had previously planned to pay a dividend this year, but that idea was shelved in the wake of uncertainty surrounding the Brexit vote.
The value of impaired loans fell by €800m to €5.4 billion, with impaired loans now below 7% of customer lending.
Overall new lending between January and June amounted to €6.6 billion.
Mr Boucher added: "The transformation of our business, enabled by our technology investments, to efficiently and sustainably align with the way our customers want to engage with us, continues to make progress.
"We are generating capital and increased our fully loaded CET1 ratio to 12.5%."
Mr Boucher will step down as CEO of the lender at the beginning of October and will be replaced by Francesca McDonagh.