TORONTO, May 3, 2013 /CNW/ - Rogers Communications today announced that,
further to its application in September 2011, the Minister of Finance
has issued Letters Patent, incorporating Rogers Bank, an initiative
primarily focused on credit card services.
"Today's announcement is a significant milestone in our plan to issue a
credit card," said David Robinson, Vice-President, Emerging Business,
Rogers. "The Rogers credit card program represents a new growth
opportunity while giving customers an opportunity to accumulate value
in a future Rogers loyalty program."
With the Letters Patent of Incorporation, Rogers has twelve months to
move forward with the application process to meet the requirements of
an Order to Commence and Carry on Business. Upon meeting the
requirements for the Order to Commence, Rogers will have the approval
to begin offering credit card services.
For more information on the formal application process, visit the Office
of the Superintendent of Financial Institutions Canada online at http://www.osfi-bsif.gc.ca.
About Rogers Communications
Rogers Communications is a diversified Canadian communications and media
company. We are engaged in wireless voice and data communications
services through Wireless, Canada's largest wireless provider. Through
Cable, we are one of Canada's leading providers of cable television
services as well as high-speed Internet access and telephony services
to consumers and businesses. Through Media, we are engaged in radio and
television broadcasting, televised shopping, sports entertainment, and
magazines and trade publications. We are publicly traded on the
Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock
Exchange (NYSE: RCI). For further information about the Rogers group of
companies, please visit www.rogers.com.
SOURCE: Rogers Communications Inc.
For further information:
Patricia Trott, 416-935-7359, email@example.com