Announcement on the sale through competitive bidding of the real estate located in Riga, 28 – 11 Ogļu 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 Riga, 28 – 11 Ogļu Street, cadastral No 01009230770 (hereinafter – “the Real Estate”) in a voluntary competitive bidding. The Real Estate includes an apartment of 59.3 m2, 593/7558 undivided shares of the joint property of the constructions (cadastral designations 01000620112001 and 01000620112002), and 593/7558 undivided shares of the joint property of the land (cadastral designation 01000620112). The owner of the Real Estate acquires the right to use one parking lot.

The Bank is the Real Estate’s mortgage lender.

The appraised value and starting price of the Real Estate – EUR 79 000.

Application deadline is 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 (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 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 to PNB Banka account No. LV69BLIB1001005254003, in "Baltic International Bank SE", the participation fee of EUR 121, incl. VAT – EUR 21, and the deposit of EUR 7 900 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.