Holding(s) in Company

Banco Bilbao Vizcaya Argentaria SA
30 January 2002


BANCO BILBAO VIZCAYA ARGENTARIA, S.A., makes public the decision of
strengthening its ownership of Banca Nazionale de Lavoro (BNL) increasing its
stake up to 14.9% having been informed the supervisor authorities and the
directors of the Italian bank.

BBVA confirms its purpose, which is maintained since the privatisation of the
company, backing the positive development and the tasks performed by the
management team.

BNL is the fifth banking group of Italy for market capitalisation, with a
network of 719 branches all over the Italian territory. The company offers
services of global banking to firms, individuals and institutions.


Madrid, 30 January 2002

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