Interest has been shown by financial services company Santander regarding the purchase of over 300 former William & Glyn branches that are owned by the Royal Bank of Scotland (RBS).
According to the Financial Times, the 312 branches are to be sold as the European Union (EU) rules require it due to the state aid the bank was given by the government.
A source close to the organisation told the paper: "We have registered an interest. We do not have a big business banking arm so we are looking to grow."
Santander hopes that by acquiring the assets it will help in its UK expansion. However it is not the only company that has been keen to buy the branches.
Virgin Money and Australia Bank have also shown an interest in purchasing assets of companies such as Northern Rock, Lloyds and RBS.
Spanish financial services firm Santander launched new fixed-rate bonds and mortgages for those requiring to borrow up to 70 per cent of a property's value this week.
