RBI Sport Supply Grp. Del (MM)

By Patryk Wasilewski

WARSAW--Poland's second-largest bank by assets Pekao SA (PEO.WA) is considering taking over Raiffeisen Bank International's (RBI.VI) local unit, Pekao's chief executive Luigi Lovaglio said on Wednesday.

However, Mr. Lovaglio said the price expectations of the Polish bank's Austrian owners are too steep and "paying more than book value for any bank is not a part of our strategy."

Raiffeisen Bank said late Monday that it was planning to sell its Polish operations, Raiffeisen Polbank, because to reach its desired market share would require excessive investment.

Raiffeisen Polbank is the country's eighth-largest bank by assets.

Write to Patryk Wasilewski at patryk.wasilewski@wsj.com

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