Announcement on the sale through competitive bidding of the real estate located in Garkalne Municipality, Berģi neighbourhood, 19A Lapu Street, owned by SIA Magnum Estate – 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 Magnum Estate, registration No 40103295514 (hereinafter – “SIA Magnum Estate”), in cooperation with SIA Latio, registration No 41703000843 (hereinafter – “Latio”), hereby announce the sale of the real estate owned by SIA Magnum Estate, located in Garkalne Municipality, Berģi neighbourhood, 19A Lapu Street (Latvian: Lapu iela 19A), cadastral No 80600060504 (hereinafter – “the Real Estate”). The Real Estate includes a land unit with a total area of 0,1408 ha (cadastral designation 80600060719), a land unit with a total area of 0,1525 ha (cadastral designation 80600060720), a land unit with a total area of 0,1535 ha (cadastral designation 80600060721), a land unit with a total area of 0,2659 ha (cadastral designation 80600060722), and a land unit with a total area of 0,0899 ha (cadastral designation 80600060723).

Mortgagee – the Bank.

The appraised value and starting price of the Real Estate – EUR 54 500.

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

Application deadline – 28.10.2021, 5:00 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 28 October 2021, 05:00 PM, attend an on-site identification at PNB Banka’s office, submit the Application form filled out in compliance with the Regulations, as well as all other documents indicated therein;

- by 28 October 2021, 11:59 PM, transfer to the account of PNB Banka No LV69BLIB1001005254003 in Baltic International Bank SE, the participation fee of EUR 121, incl. VAT – EUR 21, and the deposit of EUR 5 450, 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.