Producers Savings Bank Corp. (Producers Bank) is a leading rural bank in the Philippines, serving the financial needs of rural communities since its founding in 1974. Producers Savings Bank’s mission is to improve the lives of Filipinos through affordable and innovative banking solutions. The Bank is committed to promoting financial inclusion and sustainable development in its service areas.
Producers Savings Bank branches
Producers Bank has an extensive network of branches strategically located in rural areas of Luzon, Visayas and Mindanao, serving the banking needs of both individuals and businesses. The bank operates in more than 70 branches and their number is growing, providing its customers with comprehensive banking services and products. Producers Bank recognizes the importance of accessibility to the communities it serves by ensuring rural residents have access to vital financial services.
Producers Savings Bank Corp. headquartered in Pasig continues to expand its presence nationwide with the opening of two new branches.
Producers Savings Bank Corp. it is the nation’s 11th largest savings bank by assets. Taking into account the existing 190 branches of Producers Bank and the branch network of acquired banks, the bank currently has a total of 250 branches throughout the country.
Currently, Producers Savings Bank has 7 branches in the capital region.
In 2020, Producers Bank acquired Rural Bank of Barotac Nuevo (Iloilo) Inc. and Rural Bank of Sibalom (Antique) Inc., bringing the number of banks it acquired to 16, in line with the Bangko Sentral ng Pilipinas’ call for consolidation in the banking industry.
Producers Bank believes that these acquisitions will further accelerate the expansion of its branch network, leading to sustainable asset and earnings growth. The scheme also helps the bank avail various incentives and regulatory benefits from the BSP such as additional branch licenses, among others.
The Producer Bank’s programs
One of the main principles that Producers Bank adheres to is its focus on financing agriculture and SMEs (small and medium-sized enterprises). The Bank understands that the rural sector plays a critical role in the Philippine economy, especially in terms of agriculture and entrepreneurship. To drive economic growth and prosperity in rural areas, Producers Bank offers a range of customized financial products and services specifically designed to support the needs of farmers, agribusinesses and small business owners.
The Producer Bank’s agricultural credit program aims to provide farmers with the necessary financial support to increase productivity and improve their livelihoods. Through its high-yield loans and lines of credit, the bank helps farmers acquire essential inputs such as seeds, fertilizers and farm equipment to optimize agricultural production. Thus, Producers Bank plays a significant role in ensuring food security and supporting the development of the country’s agricultural sector.
In addition to agricultural finance, Producers Bank also offers a comprehensive range of banking services for small and medium-sized businesses. The Bank understands that small and medium enterprises are the backbone of the Philippine economy, creating employment opportunities and driving economic growth. Through its SME lending program, Producers Bank provides entrepreneurs with access to capital, enabling them to expand their businesses, create more jobs and contribute to local development.
Producers Bank recognizes that financial education is essential to promoting inclusive economic growth. As part of its commitment to financial literacy, the bank conducts seminars and workshops to educate its clients on proper money management, investment strategies and financial planning. By providing individuals and businesses with the skills and knowledge they need, Producers Bank empowers them to make informed financial decisions and build a secure future.
As a customer-centric bank, Producers Bank places great emphasis on providing superior customer service. The Bank believes in building long-term relationships with its customers, understanding their unique needs and providing personalized solutions. With a team of dedicated professionals, Producers Bank ensures that every customer receives the highest level of service, making banking transactions convenient, efficient and secure.
Producers Bank innovations
Producers Bank’s commitment to innovation is also evident in the introduction of digital banking services. Recognizing the importance of technology in today’s fast-paced world, the bank offers various digital platforms such as online banking and mobile banking to provide its customers with convenient access to their accounts and a seamless banking experience. These digital services enable customers to manage their finances anytime, anywhere and improve overall banking efficiency.
One of Producers Bank’s notable achievements is its recognition as a sustainable financial institution. The Bank integrates environmental, social and governance (ESG) principles into its activities, ensuring that its business practices are environmentally responsible, socially inclusive and economically viable. Through its sustainability initiatives, Producers Bank contributes to preserving the environment, promoting social welfare and promoting economic development.
In conclusion, Producers Savings Bank Corp. is a vital financial institution in the Philippines, especially in rural areas. Through its agriculture and SME financing programs, the bank supports the development of the agricultural sector and provides entrepreneurs with the necessary capital to develop their businesses. By promoting financial inclusion, providing superior customer service and driving innovation, Producers Bank continues to empower individuals, uplift communities and contribute to the overall growth and prosperity of the Philippines.
Author Maria Torres from Upfinance.
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