To allow Santander to raise money to open up new branches, the Spanish banking group is weighing up whether to float its UK banking business.
Within the organisation's list of branches are banks such as the former Abbey, Alliance & Leicester and Bradford & Bingley.
The group could be aided in buying over 300 of Royal Bank of Scotland's (RBS) branches by a 25 per cent listing in London.
RBS's branches are currently for sale due to the European Union's rules regarding state aid the bank received from the government in the UK.
Santander has already shown interest in acquiring the branches from the 85 per cent state-owned bank.
The group already chose to float its Brazilian business in 2009 and the success of this has led to it contemplating doing the same in the UK.
Santander's UK banking business makes up 16 per cent of the group's profits worldwide.
Deposits at the group were seen to rise by eight per cent in 2009 and the organisation also claims a 19 per cent market share of gross new mortgage lending in the UK.
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