ALMC hf

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)[1]
Operating income	ISK 415.145 million (2013)[1]
Net income	ISK 647.239 million (2013)[1]
Total assets	ISK 17.053 billion (2013)[1]
Total equity	ISK 1.961 billion (2013)[1]
Number of employees	32 (2013)[2]
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.^[3] Straumur was the last of Iceland's four biggest banks to remain independent, during the financial crisis.^[3] 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.^[4] 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.