Administrator of PNB Banka recovers EUR 1.329 million worth of assets in June

• Published date: 18 July 2022
• Publication title: LETA

RIGA, July 18 (LETA) - The administrator of the insolvent PNB Banka recovered EUR 1.329 million of the bank's money in June 2022, which is 5.2 percent more than a month before, according to the statement published in the Latvian official gazette Latvijas Vestnesis.

In June, EUR 698,000 million were recovered from loans issued by the bank, EUR 560,000 from investments, EUR 14,000 from selling movables and other properties and EUR 57,000 from other assets.

Thus, a total of EUR 169.602 million have been recovered since September 12, 2019, when the bank was declared insolvent.

The costs of the bank's insolvency process were EUR 680,000 in June. The bank's total insolvency costs have grown to EUR 32.047 million since the bank was declared insolvent.

s at June 30, 2022, PNB Banka held EUR 8.811 million worth of guaranteed deposits, down from EUR 9.756 at the end of 2021. Other...