January-March 2001 Results

Banco Bilbao Vizcaya Argentaria SA
24 April 2001



January-March 2001 Results


             BBVA INCREASES 24.2% THE ATTRIBUTABLE PROFIT UP TO 553
                     MILLION EUROS (92,070 MILLION PESETAS)


*  The profit sustains in recurrent earnings, with increases of two figures in
   every relevant margin


*  The Business Income reaches a historical quarterly high result, with 1,365   
   million euros


*  BBVA America increases its profit significantly, in a year when a strong     
   boost is expected


*  The policy of expenses control contributes toward placing the efficiency     
   ratio at 52.6% versus 53.3% for the year 2000


*  The Group earmarked 650 million euros to write-down, plus two times the gains


*  The business volume (lending and customer funds managed) grows 21% up to     
   451,000 million euros


*  In the first quarter of 2001 there have been significant progress in the five
   basic lines of the Project Cre@: New Banking Model, Latin America Expansion, 
   Growth in New Business, Active Business Management (Plan Optar) and          
   Management Capacities.