Announcement on the sale through competitive bidding of the real estate located in Riga, 11 Raina Boulevard, owned by 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 in a voluntary competitive bidding of the real estate owned bank, located in Riga, 11 Raina Boulevard, cadastral No 01000050053 (hereinafter – “the Real Estate”). The Real Estate is a land plot with cadastral number 0100 005 0053. On The land plot located the bank building (cadastral number 0100 005 0053 001); auxiliary premises (on the basement) (cadastral number 0100 005 0053 002); basement under the inner yard (cadastral number s 0100 005 0053 003).

The Real Estate object is partially leased to long-term tenants.

Vacant areas are available on the 1st and 4th floors of the Real Estate - for commercial premises and office use.

.The appraised value and starting price of the Real Estate – EUR 5 300 000.

Movable property, equipment, furniture located in the Real Estate not included in price.

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

Application deadline – 31.03.2023, 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 31 March 2023, 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 31 March 2023, 11:59 PM, transfer the participation fee of EUR 121, incl. VAT – EUR 21, to the account specified by the Bank. The account number for transferring the participation fee will be forwarded to the applicant upon receipt of the application to the email address indicated therein.

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 Upīša Street (Latvian: E. Birznieka Upīša ielā 21, Rīgā), 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.