WARSAW, Aug. 30 - Bank Pekao SA, one of two Polish banks owned by UniCredit SpA,, is planning to double investments in its Ukrainian business in the next two years so as to expand its activities in the country, the Bloomberg Agency has said.

The bank is to spend $125 million to increase the capital of its Ukrainian operation - Pekao (Ukraine) - and open additional branches in order to increase its share of the Ukrainian market to 10% by 2008, Bank Pekao President and CEO Jan Krzysztof Bielecki said, according to Interfax-Ukraine.