In September of this year, the administrator of the insolvent “PNB banka” recovered assets in the amount of € 1,194 million, or six times less than a month earlier, when € 6,672 million were recovered.
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Among these, 622,000 euros were recovered from investments in September 2022, 313,000 euros from loans granted, 179,000 euros from the sale of movable and other assets, 11,000 euros from securities and 69,000 euros from other assets.
Thus, in the nine months of 2022, the administrator of “PNB banka” has recovered a total of 27,474 million euros, but since 12 September 2019, when “PNB banka” was declared insolvent, the administrator of the bank has recovered a total of 178,007 million euros, of which in 2019 assets were recovered for 25,484 million euros, in 2020 – for 95,408 million euros, and in 2021 – for 29,641 million euros.
At the same time, the costs of the insolvency procedure of “PNB banka” in August amounted to 780,000 euros, including the costs for the maintenance of the buildings and workplaces of the bank during the insolvency procedure were 406,000 euros. , the remuneration of the trustee and the assistant administrator – 132,000 euros, the costs of depositing money and financial instruments – 3,000 euros, control and regulatory costs – 9,000 euros and other expenses of the insolvency process, including taxes – 230,000 euros .
Therefore, in the first nine months of this year, the insolvency expenses of “PNB banka” totaled 6.935 million euros, but since “PNB banka” was recognized as insolvent, the expenses of the bank’s insolvency proceedings totaled to 34.29 million euros, of which in 2019, the expenses of the bank’s insolvency process amounted to 5,481 million euros, in 2020 – for an amount of 9.97 million euros and in 2021 – 11,904 million euros .
At 30 September 2022, guaranteed deposits in “PNB Bank” amounted to € 8.674 million, while at the end of 2021 the guaranteed deposits amounted to € 9.756 million. At the end of September, however, other deposits amounted to 132.941 million euros.
At the same time, the bank’s subordinated liabilities amounted to € 17,854 million, the subordinated debt securities issued were worth € 39,683 million and the bank’s other liabilities amounted to € 128,007 million.
At the end of August the amount of loans and receivables amounted to 50.512 million euros, cash and sight assets vis-à-vis central banks amounted to 39.540 million euros, available-for-sale assets amounted to 18.381 million euros , investments in securities amounted to 3.347 million euros and investments in the share capital of associated and associated companies amounted to 9.193 million euros.
In general, the assets of “PNB banka” at the end of September 2022 amounted to 125.655 million euros, while at the end of 2021 the assets of the bank amounted to 155.147 million euros.
By contrast, the bank’s capital and reserves were negative at the end of August – minus 201,504 million euros.
The contingent liabilities of “PNB banka” on 30 September this year amounted to 331,000 euros.
The statement also mentions that “PNB banka” continues to work closely with all parties involved, including government institutions and officials, to ensure a legal and effective insolvency process, including compliance with anti-money laundering and terrorist financing law and others. applicable regulatory requirements.
In addition, the administrator indicates this by meeting the regulatory requirements and accordingly Financial and capital market fees (FKTK) and the requirements of the Financial Information Service, a methodology was developed in collaboration with SIA “Ernst & Young Baltic”, which provides for the assessment of creditors, borrowers, purchasers of the bank’s realizable assets and any recipients of money and other financial assets in accordance with regulatory requirements. The developed methodology was approved by the FCTK Board on 11 August 2020.
It has already been announced that the operation of “PNB banka” was suspended on 15 August 2019, but on 12 September the court of the Vidzeme suburb of the city of Riga declared “PNB banka” insolvent. Vigo Krastiņš was appointed administrator of the bank’s insolvency proceedings.
The activity of “PNB Bank” was suspended to prevent the outflow of bank funds.
European Central Bank (ECB) as direct supervisor of “PNB banka” has decided on 15 August 2019 to recognize “PNB banka” as a financial institution that has fallen or is in financial difficulty, while the European Single Resolution Board has decided not to carry out the resolution of “PNB banka”, which means not taking measures to stabilize the bank’s operations. Taking into account the above, FCMC has decided to suspend the provision of financial services in “PNB Bank” and has decided the unavailability of deposits. The ECB, as direct supervisor of “PNB banka”, took the following decision, considering that the bank did not comply with the regulatory requirements and assessing the financial situation of the bank.
In August this year, it returned five million euros to the Deposit Guarantee Fund, according to the bank’s statement published in the official publication “Latvijas Vēstnesis”.
The bank administrator informs that until now the Deposit Guarantee Fund, as a priority creditor, has been reimbursed for a total of 140 million euros from the funds recovered in the insolvency proceedings.
