Announcement on the sale through competitive bidding of the real estate land plots located in Bulgaria, Sozopol, “Budhaka”, 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 Bulgaria, Sozopol, “Budhaka” ( Bulgarian:гр. : гр. Созопол, в местността «Буджака»), (hereinafter – “the Real Estate”) in a voluntary competitive bidding. The Real Estate consists 6 (six) land units:


I. One unit of the land with total are of 4 793 sq. m.cadastral No. 67800.6.708, (hereinafter – The real Estate I).

The appraised value and starting price of The Real Estate I – EUR 359 652.


II. Four units of the land with total area of 2 369 sq.m., cadastral No.. 67800.8.865 (638 sq. m.); cadastral No. 67800.8.866 (674 sq. m); cadastral No. 67800.8.867 (672 sq.m); cadastral No. 67800.8.868 (655 sq m), (hereinafter – “The Real Estate II”).

The appraised value and starting price of The Real Estate II – EUR 135 939.


III. One unit of the land with total area of 2 996 sq. m, cadastral No. 67800.7.62, (hereinafter - “The Real Estate III”).

The appraised value and starting price of The Real Estate III - EUR 155 927.

The competitive bidding price is a subject to the value added tax.

Application deadline – 14.10.2022, 05:00 PM.


To arrange for examination of the Real Estate and find out more information about it, please call Latio at +371 67032300 or +359 88 5506005 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 14 October 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 14 October, 11:59 PM, transfer the participation fee of EUR 121, incl. VAT – EUR 21 and transfer the deposit of 10% of the starting price, to the Bank’s account No LV69BLIB1001005254003, 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, 21 E. Birznieka Upisa Street (Latvian: E. Birznieka Upīša 21), 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.