Announcement on the 1st auction of the real estate located in Riga, 5-15 Alūksnes Street, owned by SIA A5 & M3 – a PNB Banka group company

Application KYC application form Purchase agreement





The insolvency process administrator of the insolvent AS PNB Banka, registration No 40003072918 (hereinafter – “the Bank”), Vigo Krastiņš, and SIA A5 & M3, registration No 40103713508 (hereinafter – “SIA A5 & M3”), in cooperation with SIA Latio, registration No 41703000843 (hereinafter – “Latio”), hereby announce the 1st auction of the real estate owned by SIA A5 & M3 located in Riga, 5-15 Alūksnes Street (Latvian: Alūksnes iela 5-15, Rīga), cadastral No 01009231190 (hereinafter – “the Real Estate”). The auction shall take place via the electronic auctions web-site The Real Estate consists of an apartment with the total area of 55.3 m2 and 553/16132 undivided shares of the joint property of the constructions with the following cadastral designations: 01000120125001, 01000120125002 and 01000120125.

The Bank is the Real Estate’s mortgage lender.

The appraised value and starting price of the Real Estate – EUR 86 000. Bidding step – EUR 900. The auction price is exempt from the value added tax.

The auction opens on: 25 March 2021, at 1:00 PM. The auction closes on: 2 April 2021, at 01:00 PM. Application deadline – 3 March 2021, at 5:00 PM.


Information on applying for the auction, the auction procedure, conditions for transaction closing and other matters are stated in the auction regulations (hereinafter – “the Regulations”), available free of charge on the Bank’s website or Latio website For more information, please call: +371 67032300.


All persons willing to participate in the auction should complete the following:

- by 3 March 2021, 05:00 PM, familiarise oneself with the Regulations, attend an on-site identification at Latio’s and/or the Bank’s office, confirm one’s consent with the terms and conditions of the Regulations in writing, submit to Latio and/or the Bank a completed Application form filled in compliance with the Regulations, as well as all other documents indicated therein;

- by 3 March 2021, 11:59 PM, transfer the participation fee of EUR 121, incl. VAT – EUR 21, to the Bank’s account No LV26BLIB1001005254001, in AS “Baltic International Bank”;

- transfer the security deposit of 10% of the Real Estate’s starting price, i.e. EUR 8 600, to SIA ACTON’s account No LV62MULT1010A64380010, in AS “Industra Bank”, by the deadline specified in the Regulations and following the procedure stated therein.


The Application for participation in the auction and the documents attached thereto shall be submitted at the Bank’s office in Riga, 15-2 Elizabetes Street (Latvian: Elizabetes iela 15-2), on business days from 09:00 AM to 05:00 PM, or at Latio’s office in Riga, 21A Elizabetes Street (Latvian: Elizabetes iela 21A), on business days from 09:00 AM to 05:00 PM, or sent via e-mail to in the form of an electronic document duly signed with a secure electronic signature and containing a time stamp.


Any persons having rights to the Real Estate, which prohibit selling thereof at the auction, shall apply to the court before the closing date.