Producers Bank

What Producers Bank does

Producers Savings Bank Corporation (Producers Bank) is a BSP-regulated thrift bank headquartered in Pasig City, Philippines, operating 318 branches nationwide as of May 2026. Founded on November 27, 1995 as Producers Rural Bank of San Jose City (N.E.) Inc., the bank converted to thrift bank status in 2010 and has since pursued an aggressive consolidation strategy, acquiring more than 20 rural banks across Luzon, Visayas, and Mindanao to build a nationwide footprint concentrated in rural and agricultural municipalities underserved by larger universal and commercial banks. Its product portfolio spans deposit products (PHP and USD savings, time deposits, checking accounts, a tax-exempt 5-year fixed-income plan), loan products (housing/mortgage, auto, agricultural/crop loans up to ₱35,000/hectare, livestock loans tied to integrators such as San Miguel Foods and Tyson, SME loans, Go Negosyo micro-loans, and Teacher's Salary Loans up to ₱500,000 deducted via DepED's Automatic Payroll Deduction System), and a three-tier credit card suite (Classic, Gold, Platinum), complemented by Western Union remittance, BancNet ATM, InstaPay, and PESONet services.

The bank operates on the Infosys Finacle Core Banking Suite with a recently deployed Finacle Origination Solution for SME and retail lending and an API suite for fintech ecosystem integration, replacing legacy infrastructure under a digital transformation mandate announced March 2026. Distribution is overwhelmingly physical-first — 318 branches plus a new Branch Lite Unit (BLU) format for thinner catchment areas — supported by online and mobile banking channels. Revenue is generated principally through net interest income on the ₱26B+ loan portfolio funded by the ₱27B+ deposit base, supplemented by transaction fees from remittances, electronic banking, and credit card services. Customers span four primary segments: farmers and the agricultural sector, public school teachers (under DepED APDS), SMEs (palay traders, retail establishments, agri-supply shops), and individual consumers including OFWs. The bank reported ₱501.8M net income in 2021 and continues to grow through a dual organic-and-acquisitive branch expansion playbook led by the founding Cornejo family with governance oversight from former Land Bank President & CEO Gilda E. Pico as Chairman.

Name

Producers Bank

Legal name

Producers Savings Bank Corporation

Website

https://producersbank.com.ph

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

Producers Bank is a BSP-regulated Philippine thrift bank operating 318 branches nationwide, offering deposits, agricultural/SME/teacher/housing/auto loans, credit cards, and Western Union remittances to farmers, public school teachers, SMEs, and individual consumers in underserved rural markets.

Ownership category

akta.pro rank

Product category

Thrift / Retail Banking

NAICS

Food Manufacturing (311)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Agricultural & Rural Development Banks (FSABAKAE)

Keywords

• Retail banking services
• Agricultural lending
• Savings deposits
• SME financing
• Thrift banking

Headquarters

HQ city

Pasig

HQ country

Philippines

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Interest Income from Loans: The bank generates primary revenue from interest income on various loan products including SME loans, agricultural/crop loans, housing loans, auto loans, teacher salary loans, and livestock loans. The bank offers competitive interest rates and follows a traditional banking revenue model.
2. Deposit Services: Revenue generated from deposit products including savings accounts, time deposits, and current/checking accounts. Deposits are insured by PDIC up to P1 million.
3. Remittance Services: Western Union remittance services at 300+ branches generating fee income from money transfer services.
4. Electronic Banking Services: ATM services, fund transfers via InstaPay and PESONet, mobile banking, and online banking services generating transaction fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Producers Bank is a BSP-regulated thrift bank providing deposit products (savings, time deposits, checking, and USD accounts), loan products (housing, auto, agricultural/crop, livestock, SME, Go Negosyo, and Teacher's Salary Loans), credit cards (Classic, Gold, Platinum), and electronic banking services (ATM, online, mobile, Western Union remittances, InstaPay/PESONet transfers). Services are distributed through 318 physical branches nationwide and digital banking channels, targeting Filipino consumers, farmers, public school teachers, and small/medium enterprises.

Product overview

Producers Savings Bank Corporation operates as a BSP-regulated thrift bank offering a comprehensive suite of financial products and services through a network of 318 branches nationwide. The bank's product portfolio centers on deposit products (savings accounts, time deposits in PHP and USD, checking accounts), loan products (housing/mortgage loans, auto/car loans, agricultural/crop loans, livestock loans, SME business loans, Go Negosyo loans, and Teacher's Salary Loans with DEPED payroll deduction), credit cards (Classic, Gold, and Platinum tiers), and electronic banking services (ATM, mobile banking, online banking, Western Union remittances, InstaPay and PESONet fund transfers). The bank recently partnered with Infosys Finacle to modernize its core banking infrastructure, deploying the Finacle Core Banking Solution and Finacle Origination Solution to enable digital lending operations, automated onboarding, and fintech ecosystem connectivity. Services are delivered through 300+ branches, with digital channels including mobile and online banking platforms.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• P501.8 million net income in 2021
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core.

• Infosys FinaclecoreTechnology or Integration · 24 March 2026Infosys Finacle, the banking platform subsidiary of Infosys, secured a digital transformation mandate from Producers Bank to upgrade its core banking systems. The engagement involves migrating to Finacle's core banking suite, deploying an origination platform for SME and retail lending, implementing a digital loan management platform with automated onboarding, and API integration for fintech ecosystem connectivity. This partnership builds on a decade-long relationship between the two companies and positions Producers Bank to scale real-time banking capabilities as the Philippines' financial sector accelerates digitization. The deal also coincides with Producers Bank's 30th anniversary.
• Western UnioncoreChannel Partner/ Reseller/ Distributor · 5 August 2016Producers Bank is an authorized agent of Western Union Money Transfer, offering global remittance services at 300+ branches nationwide. This partnership enables customers to send and receive money worldwide.
• BancNetcoreTechnology or IntegrationProducers Bank is a member of BancNet, the country's largest ATM consortium, providing 24/7 ATM access to customers via the nationwide BancNet network.
• Department of Education (DepED)coreStrategic or Co-development PartnerProducers Bank is accredited by DepED under its Automatic Payroll Deduction System (APDS) pursuant to DepED Memorandum No. 171, s. 2016. This accreditation enables the bank to offer teacher salary loans with convenient payroll deduction repayment for public school teachers.
• Bangko Sentral ng Pilipinas (BSP)coreOthersProducers Bank is regulated by the Bangko Sentral ng Pilipinas (BSP) as a thrift bank. The bank also holds accreditation as an Accredited Rural Financial Institution (ARFI) from BSP, enabling participation in various government financial inclusion programs.
• Philippine Deposit Insurance Corporation (PDIC)coreOthersProducers Bank is a member of PDIC, with deposits insured up to P1,000,000 per depositor, providing deposit protection to customers.

Scale indicators9 records

Recent moves9 records

Expansion highlights6 records

Emerging players

• GCash (Mynt / Globe Fintech Innovations): GCash is the Philippines' largest e-wallet with embedded savings, credit, and remittance products serving tens of millions of underbanked Filipinos. Emerging player comparable to Producers Bank in serving unbanked consumers with deposit/credit products, but through a purely digital distribution model.
• Maya Bank: Maya Bank is a Philippines-licensed digital bank offering deposits, payments, and consumer credit through a mobile-first platform. Emerging player comparable to Producers Bank in targeting underbanked Filipino consumers, but competing through a branchless digital model rather than physical branches.

Broad incumbents

• Bank of the Philippine Islands (BPI): BPI is one of the Philippines' largest universal banks with a national branch network and full suite of consumer, SME, and agricultural banking products. Broad incumbent comparable in branch-based distribution and SME/consumer product overlap, though BPI operates at substantially larger scale.
• Land Bank of the Philippines: Land Bank of the Philippines is a state-owned universal bank with a dominant rural and agricultural lending mandate, serving farmers, fisherfolk, and cooperatives nationwide. Broad incumbent comparable to Producers Bank's agricultural and rural banking focus, but operating at much larger scale as a government-owned universal bank.
• Development Bank of the Philippines (DBP): DBP is a state-owned development bank providing credit to priority sectors including agriculture, infrastructure, and SMEs. Comparable to Producers Bank in its rural/SME development mandate, though operating at much larger institutional scale with a development-finance focus.
• BDO Unibank: BDO Unibank is the Philippines' largest universal bank by assets, with the country's widest branch and ATM network. Broad incumbent overlapping significantly with Producers Bank in deposit-taking, consumer credit, SME lending, and remittance services, but at much larger scale.

Direct peers

• Philippine Savings Bank (PSBank): PSBank is a major Philippine thrift bank offering deposits, auto loans, housing loans, and SME financing through a national branch network. Highly comparable to Producers Bank in thrift-bank product mix, retail/SME lending focus, and branch-based distribution model.
• China Bank Savings: China Bank Savings is the thrift bank arm of China Banking Corporation, offering deposits, auto loans, housing loans, and SME financing. Comparable to Producers Bank in thrift-bank positioning and product portfolio, with similar mass-market retail focus.
• CARD Bank (CARD MRI): CARD Bank is one of the largest thrift/microfinance-oriented banks in the Philippines, serving rural and underbanked clients with deposit and small-ticket loan products. Directly comparable to Producers Bank in mission, customer profile, and rural banking focus, with similar BSP-regulated thrift bank status.
• RCBC Savings Bank: RCBC Savings Bank is a thrift bank subsidiary of Rizal Commercial Banking Corp focused on consumer and SME lending. Directly comparable to Producers Bank as a thrift bank serving similar retail and small-business customer segments with comparable product sets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/producersbankofficial
• LinkedInlinkedin.com/company/producers-savings-bank-corporation
• Xx.com/inproducersbank

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Producers Bank