Announcement on the sale through competitive bidding of the real estate in Riga, Augusta Deglava Street, owned by SIA LANATA (AS PNB Banka group company)


The insolvency process administrator of the insolvent AS PNB Banka, registration No 40003072918 (hereinafter – “the Bank”), Vigo Krastiņš, and SIA LANATA, registration No 40103214284 (hereinafter – “SIA LANATA”), in cooperation with SIA Latio, registration No 41703000843 (hereinafter – “Latio”), hereby announce the sale in a voluntary competitive bidding of the real estate in Riga, Augusta Deglava Street, cadastral No 01001212947, owned by SIA LANATA (hereinafter – the Real Estate). The Real Estate is a land plot of 3367 m2.

The mortgage lenders – the Bank and IPAS PNB Asset, registration No 40003411599.

The appraised value and starting price of the Real Estate – EUR 141 334.

The competitive bidding price is exempt from the value added tax.

Application deadline – 20.08.2021, 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 20 August 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 20 August 2021, 11:59 PM, transfer to the account of PNB Banka No LV96BLIB1001005254002 in AS Baltic International Bank, the participation fee of EUR 121, incl. VAT – EUR 21, and the deposit of EUR 14 133, which is 10% of the starting price.


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.