Potential buyers of Northern Rock's 'good' bank have been in discussions with the company.
Informal talks have been held with various firms that have expressed an interest in acquiring its healthy side, chief executive Gary Hoffman told the Daily Mail.
The talks signify the bank's problems are behind it following the separation of the healthy part of the company from its 'bad' bank earlier this year.
A formal deadline for the sale has not been set by the government.
Mr Hoffman said: "We have created something that will be attractive to private investors but there is no formal process."
In addition to a selection of private equity firms, Richard Branson's Virgin Money has also expressed an interest in purchasing Northern Rock.
The organisation has recently awarded 32 of its staff bonuses of more than £25,000. Mr Hoffman, who declined a £700,000 bonus, said the payments were justified due to the better than expected performance of the business.
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