Announcement on the sale through competitive bidding of the real estate land plots located in Bulgaria, Tsarevo, Burgas, “Diado Ilyova Bahcha” 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, Tsarevo, Burgas, “Diado Ilyova Bahcha” ( Bulgarian:гр. Царево, область Бургаска, в местността «Дядо Ильова Бахча»), cadastral No. 48 619.9.559 and № 48 619.9.560 (hereinafter – “the Real Estate”) in a voluntary competitive bidding. The Real Estate consists of the two land units of 2288 sq. m (cadastral designation 48 619.9.559 ) and 716 sq.m (cadastral designations 48 619.9.560).

The appraised value and starting price of the Real Estate – 177 762 EUR.

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

Application deadline – 22.06.2023, 05:00 PM.


To arrange for examination of the Real Estate and find out more information about it, please call Latio at +371 67032300 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 22 June 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 June 2023, 11:59 PM, transfer the participation fee of EUR 121, incl. VAT – EUR 21 and transfer the deposit of EUR 17 776,20, i.e. 10% of the starting price, 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 E. Birznieka Upīša Street, 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.