Grupo Mundial Tenedora is a Panama-based financial services group. Its wholly-owned mortgage bank, Banco Panameño de la Vivienda (Banvivienda), offers a range of banking products to individuals and companies, as well as private banking services. The group also holds a 35% stake in Mapfre Mundial Holdings, including Mapfre Panama, previously known as Aseguradora Mundial. In addition, it has a presence in Guatemala, Nicaragua, Honduras, Costa Rica and El Salvador. Grupo Mundial Tenedora was formed in 2005 as a result of a merger between the holding companies of Aseguradora Mundial and Banvivienda.