The insolvent joint-stock company AS PNB Banka (hereinafter – Company) hereby announces the sale of financial instruments owned by the third parties (who have not taken possession of the property owned by the third parties held by the Company prior to November 30, 2021, i.e. the deadline specified in the announcement published in the official gazette “Latvijas Vēstnesis” on May 31, 2021). The sale is conducted in accordance with Paragraph two of Section 172.1 of the Credit Institution Law.

The financial instruments owned by the third parties and offered for sale are as follows:


ISIN code


Number of FIs




     10 150




 2 500






Terms and conditions of the public auction:

Тhe financial instruments are sold in the public auction in line with the following terms and conditions:

1.         Persons that are willing and are entitled to participate in the public auction should send their offers to acquire relevant financial instruments to the Company’s e-mail address by November 30, 2022. The offer should state the ISIN code and number of financial instruments, and the offered price, as well as the buyer’s identification data and information about the buyer’s representative;

2.         The Company will sign a financial instrument purchase agreement with the person that will offer the highest price for the financial instrument put up for sale;

3.         Persons that are willing to participate in the public auction can familiarize themselves with the terms and conditions of the purchase agreement (including payment procedure), by contacting the Company in person or sending an e-mail request to by November 30, 2022 (inclusive);

4.         Before signing the purchase agreement, the person that offers the highest price for the financial instrument will be asked to fill in the buyer’s questionnaire and submit it to the Company in the form as required by the latter;

5.         the Company reserves the right to refuse the signing of the purchase agreement, incl. upon considering buyer-related risks subject to the requirements set by the enactments in the area of prevention of money laundering and terrorism and proliferation financing, without disclosing the reasons for such refusal;

6.         The Company shall notify the applicant if it refuses to sign the purchase agreement or decides to sign the agreement with another buyer (without disclosing the buyer) before December 31, 2022 by sending such notification to the buyer’s e-mail address which the latter had used to send the purchase offer.

Should you have any questions or require clarifications, please call +371 67041100.