Ulster Bank has reported a modest improvement in operating profit for the first six months of 2017, up by €3m on the same period last year to €12m.
The lender's CEO Gerry Mallon said the result was "impacted by a number of one-off items including increased restructuring costs to invest in and transform our business".
He said adjusted operating profit of €104m (down from €155m in H1 2016) "is a truer reflection of the underlying performance of the business".
Reduced total income of €341m (€377m in H1 2016) was affected by reduced hedge income on share capital and current accounts.
Conduct and litigation charges fell by €79m to €39m. The bank said the H1 2017 charge related to errors that were uncovered as part of a review of the wider personal and commercial loan portfolio extending from the tracker mortgage examination programme.
Operating expenses for the period fell by €60m to €342m, while new lending increased by 11% to €1.3 billion.
The lender said it is on target to lend €1 billion to mortgage customers this year.
Ulster Bank's parent, Royal Bank of Scotland, today reported its first half-year profit in three years.
The bank said its consumer transformation is ongoing, with the introduction of Apple Pay and Android Pay for mobile users during the period.
Ulster Bank said it still has more work to be completed on legacy issues but has significantly reduced the volume of under performing loans on its books.