Santander UK's finance director resigned on Tuesday, citing the Spanish bank's mothballed plans to spin off and separately list its British business in the near term.

Bostock said it remained Santander's intention to list the business on the London Stock Exchange in the medium term.

"I think I would say medium term but I'm not looking in the next couple of years," Bostock said.

Spain's Santander has been considering a listing of its British bank for several years, but a restructuring of the UK business, regulatory changes and a change of leadership have combined to delay the process.

(Reporting by Matt Scuffham and Steve Slater, editing by Sinead Cruise)