Announcement on the sale through competitive bidding of the movable property owned by insolvent AS PNB Banka and Its subsidiary company SIA “BU21”


The insolvency process administrator of the insolvent AS PNB Banka, registration No 40003072918 (hereinafter – the Bank), Vigo Krastiņš and its subsidiary company SIA BU21, registration No 50203184081 hereby announce the sale in a voluntary competitive bidding of the movable property as an aggregation of property, owned by SIA BU21 and The Bank, (hereinafter – the Property).


The starting price of the Property is 82 041,27 EUR.

The starting price is specified without the value added tax (VAT). The applicants shall make their bids exclusive of VAT. The bid shall be subject to VAT and the taxable value shall be the value of the respective bid as specified in the application.


The Property is located in the premises in Riga, at 21 Ernesta Birznieka-Upisa street (address in Latvian: Ernesta Birznieka-Upīša iela 21, Rīgā). The winner of the competitive bidding will have to ensure the self-delivery of the Property. Please see the following link for more information and the list of the Property:


Application deadline – 22.06.2023, 05:00 PM.


For the inspection of the Property, as well as an additional information thereof please call the representative of the Bank +371 29415520.


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 For more information on the 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 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 22 June 2023, 11:59 PM, transfer the participation fee of EUR 121, incl. VAT – EUR 21, and the deposit of EUR 8 204,13, i.e. 10% of the starting price to the account specified by the Bank. 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-Upisa 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.