The bank is also selling EUR 31.9 mln worth of the creditor's claims on Baltijas Aviacijas Sistemas (BAS), a former airBaltic shareholder undergoing bankruptcy.
Snoras expects interest from local and international investors.
"The Latvian government-owned airline is an aviation market player that is well known across the region. Despite its past difficulties, since 2013 it has been a profitably operating business entity whose liabilities should attract considerable interest from investors," Gintaras Adomonis, the bankruptcy administrator, said in a press release on Thursday.
"BAS, which is bankruptcy, is in a different situation and, therefore, we have much more modest expectations as to the sale of these liabilities," he added.
The administrator expects to complete the sale process by the end of the year.
Snoras' operations were suspended on Nov. 16, 2011 and bankruptcy proceedings against the bank were opened on Dec. 7 of that year.
