Announcement on the sale through competitive bidding of the property owned by the of “Norvik” LUCO CJSC – a PNB Banka group company


The insolvency process administrator of the insolvent AS PNB Banka, registration No 40003072918 (hereinafter – “the Bank”), Vigo Krastiņš and Norvik LUCO CJSC, registration No 14 (hereinafter “the Company”), hereby announce the sale of Norvik LUCO CJSC property. Company owned the real estate located in 40 Sayat-Nova ave., area 78, Yerevan, Armenia (armenian: Երևան, Սայաթ-Նովա 40, տարածք 78 հասցեում), cadastral numbers – land 01-006-0132-0189, premises 01-006-0132-0189-001-179), area 144.9 sq.m, (hereinafter – “the Real Estate”/ “Property”) in a voluntary competitive bidding. The real estate is located on the -2nd floor of Sayat-Nova 40 building. Access to the Area is currently restricted, as the storage room in the common use area does not allow access to the Real estate. This problem can be resolved during judicial proceedings or out of court procedures.


The appraised value and starting price of the Real estate is 28 500 000 AMD (Armenian drams).

Application deadline 22.03.2023, 05:00 PM.


To arrange for examination of the Real Estate and find out more information about it, please call at +374 95 992636 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 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 22 March 2023, 05:00 PM, attend an on-site identification, submit the application form filled out in compliance with the Regulations, as well as all other documents indicated therein;

- by 22 March 2023, 11:59 PM, transfer the participation fee of EUR 121,00, incl. VAT – EUR 21, to the Bank’s account. The account number for transferring the above payments 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 Ernesta Birznieka Upīša Street (Latvian: Ernesta Birznieka Upīša iela 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.

Submission of documents in the above mentioned manner by competitive bidding participants assumes that they have been informed by the bank about the limited access to the Property, and after purchasing the Property through biddings, they will incur costs and risks associated with ensuring the availability of the territory.

The Bank will not be responsible for issues related to access to the territory after the sale of the property through competitive biddings.