Russia's biggest bank, OAO Sberbank (SBER.RS), is eyeing the Polish banking units of Belgium's KBC Group NV (KBC.BT) and Portugal's Banco Comercial Portuges (BCP.LB), Kommersant reports Tuesday.

Sberbank is looking at the possibility of buying Poland's Kredyt bank, controlled by KBC, and Bank Millennium, controlled by Banco Comercial Portugues, the newspaper said, citing unidentified investment bankers.

Sberbank on Tuesday declined to comment on particular acquisition targets, but a spokesman reiterated its focus on growing in eastern and central Europe. In July, Sberbank said it agreed to buy most of Volksbank International AG, the eastern European arm of Oesterreichische Volksbanken AG (VBPS.VI).

KBC Group declined to comment to Kommersant, and Banco Comercial didn't answer a request for comment to the newspaper.

Newspaper Web site: www.kommersant.ru

-By Moscow Bureau, Dow Jones Newswires; +7 495 974 8026

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