The Department of Education (DepED) accredited Producers Bank under its Automatic Payroll Deduction System (APDS) pursuant to DepED Memorandum No. 228 s. 2011 entitled “Re-opening of Accreditation/Re-accreditation of the Private Lending Institutions under DepED APDS Clean-Up Program” Last March 16, 2012.
Mr. Francisco M. Varela, DepED Undersecretary said that Producers Bank may offer lending products and services using APDS facility in regions where Producers Bank has branches.
Mr. Edmundo C. Medrano, Vice Chairman, President and COO is pleased to be a partner of DepED in safeguarding and promoting the financial welfare of DepED employees and teachers.