The financial conglomerate has issued 1,538,461 shares for the sum of $10 million in the local primary market.
The issue was agreed at the last shareholders meeting.
The funds will be used to increase capital of the Banco Panameño de la Vivienda (Banvivienda) and "’to meet obligations of the holding company’, said Fernando Lewis, president of the group", according to an article in Prensa.com
Grupo Mundial will enlarge the capital base of bank "Banco Banvivienda" for the second time in 2009.
In June, the group had injected $10 million in the bank.
Prensa.com reports: "...the purchase of 65% of Aseguradora Mundial on behalf of Spanish corporation Mapfre... implies a $102.7 million cash payment for the group, in additon to $4.5 million in dividends for 2009's operations, as well as 35% of Mapfre Central America".
The Equilibrium rating agency reported that as of June 30 2008, the bank had $5.5 million "risk with Lehman Brothers".
Multibank is the second bank to publicly reveal that it has investments affected by international financial crisis.
This is in addition to the $3 million that Banviviendo of Grupo Mundial moved to reserves, due to an investment in bonds in the bankrupt Lehman investment bank.