Mainstreet Bank Limited has drawn a road map to attain market leadership in its bid to validate the confidence of its shareholder and retain the loyalty of its customers across Nigeria.

Rising from a Strategy Meeting that was fully attended by all members in Lagos over the weekend; the Board of Directors of the Bank declared its intention to pursue a set of initiatives and strategies that would return Mainstreet bank to the league of Nigeria’s top four banks.

According to a statement, at the Strategy Meeting, the local business environment was thoroughly analysed and the relevant market segments clearly defined to pinpoint where Mainstreet Bank would operate at full speed for a stronger positioning and rapid result.

The bank’s Board of Directors also assured customers and other stakeholders that Mainstreet Bank would soon take its position as one of the top four banks in Nigeria performance indices and innovative product offerings.

Emphasizing his optimism on the strategic direction of the bank, Chairman of the Board, Mallam Falalu Bello observed that a careful implementation of the Strategy would translate in the shortest possible time, to better customer experience, efficient and effective operations and posting of competitive returns on investment for the stakeholders.

“Our new strategy digs very deep into Mainstreet’s business potentials and capabilities and maps out ways to optimally deploy them for market leadership”, Mallam Falalu Bello assured.  Reiterating the importance of the bank’s new strategic direction, the Group Managing Director/CEO of Mainstreet Bank, Faith Tuedor-Matthews expressed confidence in the new focus of the bank.

According to her, “We have set ambitious but attainable business goals for ourselves. The Board and Management are committed to giving Mainstreet Bank a stronger foothold in the market with a stricter adherence to best business practices, operational excellence and other turn around benefits”.

The Group Managing Director further pointed out that Mainstreet Bank has many numerous strength that have placed it in a vantage position for success.

“We have over 220 branches that are evenly spread out across the length and breadth of this country and a large customer base that remains loyal to us,” Tuedor-Matthews observed pointing out that the bank was presently repositioning its business to meet the expectations of all stakeholders.

It would be recalled that Mainstreet bank recently announced a plan to re-organize its business for efficiency and greater nimbleness, giving a window of opportunity to staff who had attained the retirement age to voluntarily retire from the bank.