ALMC hf

"ALMC" redirects here. For the military school, see United States Army Logistics Management College.

ALMC hf.
Company typePrivate
IndustryBanking
PredecessorStraumur Investment Bank hf.
Hlutabréfasjóðurinn hf.
Founded2010 as ALMC hf
2004 as Straumur
1986 as Hlutabréfasjóðurinn
HeadquartersReykjavík, Iceland
Area served
Iceland
Productsinvestment banking
RevenueIncrease ISK 2.997 billion (2013)[1]
Increase ISK 415.145 million (2013)[1]
Increase ISK 647.239 million (2013)[1]
Total assetsIncrease ISK 17.053 billion (2013)[1]
Total equityIncrease ISK 1.961 billion (2013)[1]
Number of employees
32 (2013)[2]
Websitewww.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.

  1. ^ a b c d e "Annual Report 2013" (PDF). Straumur. 31 December 2013. Retrieved 10 April 2013.
  2. ^ "Annual Report 2007". Straumur. Retrieved 8 May 2008.
  3. ^ a b "Iceland nationalises Straumur-Burdaras". Financial Times. 9 March 2009. Retrieved 15 March 2009.
  4. ^ "Monday interview: Thor Bjorgolfsson, investor". Financial Times. 29 March 2015. Archived from the original on 25 June 2018.