Re Appointment

Banco Bilbao Vizcaya Argentaria SA
22 January 2002


BBVA INCORPORATES EDUARDO ARBIZU AS THE NEW GENERAL MANAGER OF LEGAL MATTERS

•  Arbizu, the former responsible for Retail Banking for Europe in Barclays,
   substitutes Mario Fernandez

The Chairman of BBVA, Francisco Gonzalez, will propose to the BBVA Board of
Directors the appointment of Eduardo Arbizu Lostao as the new General Manager of
Legal Matters of the Bank and member of the Executive Committee, in substitution
of Mario Fernandez.

The incorporation of Eduardo Arbizu, Treasury Counsel that has developed
executive tasks in Grupo Barclays for the last ten years, completes the re-
structuring of the first level of the BBVA Senior Management started last
December.

Mario Fernandez, who had been the General Manager of Legal Matters of the Bank
in the last years, had announced in December his intention of leaving the
position.

BBVA strengths the renewal of its Senior Management, incorporating a
professional of high prestige in the European financial branch, as well as
insists in being provided with the best human capital.


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