Announcement on the sale through competitive bidding of the real apartment estate at 17-8 Elizabetes Street, Riga owned by the insolvent AS PNB Banka


The insolvency process administrator of the insolvent AS PNB Banka, registration No 40003072918 (hereinafter – “the Bank”), Vigo Krastiņš in cooperation with SIA Latio, registration No 41703000843 (hereinafter – “Latio”), hereby announce the sale of the Bank’s real estate located in Riga, 17-8 Elizabetes Street, cadastral No 01009013988, (hereinafter – “the Real Estate”), which includes an apartment with the area of 313,5 m2, 31799/277439 ideal parts of the joint property of the building (cadastral designation 01000110109001) and 31799/277439 ideal parts of the joint property of the land (cadastral designation 01000110109).

The appraised value and starting price of the Real Estate – EUR 949 800.

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

Application deadline – 26.08.2022, 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 26 August 2022, 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 26 August 2022, 11:59 PM, transfer the participation fee of EUR 121, incl. VAT – EUR 21 and transfer the deposit of EUR 94 980, i.e. 10% of the starting price to the Bank’s account No LV96BLIB1001005254002, in “Baltic International Bank SE”;


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.