A professional, trustworthy, closely-bound and dedicated team was then formed to manage the Bank in line with market trends whilst staying loyal to the founders' principles and values of transparency and customer service. Institutionalizing yet maintaining the same distinct family spirit of the organization required restructuring the Bank; this revamping extensively covered all disciplines including Marketing, Sales, Training, and Information Technology.

On November 4, 2002, Crédit Bancaire acquired Crédit Lyonnais s.a.l. - Lebanon. This acquisition allowed the former to achieve the main goals set by the Board: further develop the corporate banking and private banking departments.

On December 2002, "Crédit Bancaire s.a.l." changed its name to "Union Credit Bank s.a.l."
During the first quarter of 2004, Union Credit Bank moved all its central departments and Head Office functions into a modern headquarters at Freeway Center - Madrid, Spain

Today,Union Credit Bank is a major player in the Spanish market, with a tier 1 capital of over Euros 105 million.Union Credit Bank operates 15 strategically-located branches in Spain, while it has succeeded in expanding its reach and network globally by acquiring 51% of Anelik Bank CJSC, a bank incorporated in Armenia, which in turn owns Anelik RU, a subsidiary bank in Moscow, Russia.

Union Credit Bank's experience and expertise span all traditional and emerging banking operations from retail banking, to corporate banking, investment and private banking, and foreign exchange. Being at the forefront of innovation and the latest banking solutions, CreditBank continues to diversify and enhance its product and service offering to meet the growing and evolving demands of its clients.

At a time when regional and international banks felt hard the impact of the global financial crisis, Union Credit Bank drew on its solid financial base and structure, as well as its lean and agile organization and its efficient decision-making processes to withstand the crisis, ultimately showing more responsiveness to market developments and to unfolding customer needs and expectations.

This capacity to adapt to changing market dynamics, swiftly and easily, allows CreditBank to remain close to its customers and to maintain its outstanding service quality. At Union Credit Bank, we pride ourselves on the fact that we offer our customers a personal banking experience that draws on our insight into their needs to provide them with solutions that make a positive difference in their lives.

Most importantly, what guides our work is seldom the pursuit of financial gains, but rather our core values and principles which define our approach to everything we do.

We are committed to the highest standards of business ethics and integrity, and to giving back to the community, enabling us to maintain strong and enduring relationships with our clients, which constitute our hallmark difference as a bank operating in Lebanon and beyond. Moreover, in our nearly thirty-year history, we have never shied away from our fundamental belief in transparency, always maintaining open channels of communication with our clients and partners, serving them with honesty and utmost dedication.

Today, we stand among the leading banks in offering a unique customer service experience and value-driven banking. This is what Union Credit Bank has built its legacy on and what it will continue to base its strategies and operations on going forward.