Announcement on the sale through competitive bidding of the real estate located in Riga, 11 Zeltiņu Street and Stopiņu Street, owned by SIA VISALIA – a PNB Banka group company


The insolvency process administrator of the insolvent AS PNB Banka, registration No 40003072918 (hereinafter – “the Bank”), Vigo Krastiņš, and SIA VISALIA, registration No 40103220115 (hereinafter – “SIA VISALIA”), in cooperation with SIA Latio, registration No 41703000843 (hereinafter – “Latio”), hereby announce the sale of the real estate objects owned by SIA VISALIA, offered for sale as a single item: 1) ten garages located in Riga, 11 Zeltiņu Street (Latvian: Zeltiņu iela 11), cadastral No 01005710461 (cadastral designations – 0100 071 2053 001, …002, …003, …004, …005, …006, …007, …008, …009, …010); 2) the land plot with a total area of 2347 m2 located in Riga, Stopiņu Street (Latvian: Stopiņu iela), cadastral No 01000712053 (hereinafter collectively referred to as – “the Real Estate”).

The aforementioned ten garages, forming part of the Real Estate, are currently leased out. A portion of the land plot, i.e. the area of 544 m2, is the subject of a lease agreement, specifically, the area is leased out to a third party, which is its current user, and is occupied by a construction.

The appraised value and starting price of the Real Estate – EUR 56 000. The competitive bidding price is exempt from the value added tax.

Application deadline – 30.07.2021, 05:00 PM.


To arrange for examination of the Real Estate and find out more information about it, please call Latio at +371 67032300 on business days from 9:00 AM to 5:00 PM.

Information on applying for the competitive bidding, the competitive bidding procedure, conditions for closing transactions and other relevant information is provided in the competitive bidding regulations available free of charge on the Bank’s website or Latio’s website For more information on competitive bidding regulations please call +371 29415520.


All persons willing to participate in the competitive bidding should complete the following:

- by 30 July 2021, 05:00 PM, attend an on-site identification at the Bank’s office, submit the application form filled out in compliance with the Regulations, as well as all other documents indicated therein;

- by 30 July 2021, 11:59 PM, transfer the participation fee of EUR 121, incl. VAT – EUR 21 and the deposit of EUR 5 600, i.e. 10% of the starting price, to the account of PNB Banka No LV96BLIB1001005254002 in AS Baltic International Bank.


The application for participation in the competitive bidding 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 sent via e-mail to in the form of an electronic document duly signed with a secure electronic signature and containing a time stamp.