The group also revealed that it was about halfway through its efforts to save 1.5 billion US billion (£1.1 billion) worth of yearly costs.

It was confirmed in April that the 50m breaststroke would be one of three disciplines added for the Games in three years’ time.

Santander UK revealed more than 2,000 roles have been cut amid an ongoing cost-saving overhaul as it reported a drop in half-year profits.