ABN Amro has set out its mid-term return on equity target and launched a €500m ($535.4m) share buyback after its fourth-quarter profit beat market forecasts.

The Dutch lender — which is partly owned by the Dutch state — guided for a return on tangible equity of 9%-10% for 2026, compared with its previous 10% target by 2024 and 12.2% in 2023.