Announcement on the sale through competitive bidding of the real estate located in Riga, 5 - 19 Alūksnes Street, owned by SIA A5 & M3 – 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 A5 & M3, registration No 40103713508 (hereinafter – “SIA A5 & M3”), in cooperation with SIA Latio, registration No 41703000843 (hereinafter – “Latio”), hereby announce the sale in a voluntary competitive bidding of the real estate owned by SIA A5 & M3, located in Riga, 5 - 19 Alūksnes Street, cadastral No 01009231194 (hereinafter – “the Real Estate”). The Real Estate consists of an apartment with the total area of 53.4 m2, 534/16132 undivided shares of the joint property of the constructions (cadastral designations 01000120125001 and 01000120125002), and 534/16132 undivided shares of the joint property of the land (cadastral designation 01000120125).

The Bank is the Real Estate’s mortgage lender.

The appraised value and starting price of the Real Estate – EUR 70 000.

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

Application deadline – 07.10.2021, 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 (hereinafter – “the Regulations”) available free of charge on the Bank’s website or Latio’s website For more information on the Regulations please call +371 29415520.


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

- by 7 October 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 7 October 2021, 11:59 PM, transfer to the Bank`s account No LV69BLIB1001005254003 with AS "Baltic International Bank”, the participation fee of EUR 121, incl. VAT – EUR 21, and the deposit of EUR 7 000, i.e. 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.