ALMC hf
| Company type | Private |
|---|---|
| Industry | Banking |
| Predecessor | Straumur Investment Bank hf. Hlutabréfasjóðurinn hf. |
| Founded | 2010 as ALMC hf 2004 as Straumur 1986 as Hlutabréfasjóðurinn |
| Headquarters | Reykjavík, Iceland |
Area served | Iceland |
| Products | investment banking |
| Revenue | ISK 2.997 billion (2013) |
| ISK 415.145 million (2013) | |
| ISK 647.239 million (2013) | |
| Total assets | ISK 17.053 billion (2013) |
| Total equity | ISK 1.961 billion (2013) |
Number of employees | 32 (2013) |
| Website | www.almchf.com |
ALMC hf., formerly Straumur Investment Bank hf. (Icelandic: Straumur Fjárfestingabanki), is a regional investment bank headquartered in Reykjavík, Iceland.
Founded in 1986 as Hlutabréfasjóðurinn and rebranded as Straumur in 2004, the bank initially survived the financial turmoil in late 2008 but was nationalised by The Financial Supervisory Authority of Iceland (FME) on 9 March 2009. Straumur was the last of Iceland's four biggest banks to remain independent during the 2008–2011 Icelandic financial crisis. In the summer of 2010, the bank had been rebranded as ALMC and owned by its creditors. The majority of ALMC's owners are international investors and financial institutions and independent from any state involvement.
Before the collapse of the Icelandic banking system in late 2008 the company was mainly owned by Björgólfur Guðmundsson and his son Björgólfur Thor Björgólfsson. The latter was also the chairman of the board until the bank was temporarily closed by regulators in March 2009. At one point, Straumur was Iceland's largest pure investment bank and the sixth-largest company on the OMX Nordic Exchange in Iceland. Straumur had an established presence in ten countries including the UK, Denmark, Sweden, Finland and the Czech Republic.