86KM Sg Issuer 26

RNS No 6499r
BANCO BILBAO VIZCAYA
21st July 1998

BBV TAKES CONTROL OF BANCO EXCEL ECONOMICO DE BRAZIL

Bilbao, July 21, 1998: Banco Bilbao Vizcaya (NYSE:BBV) has signed an agreement
to acquire a minimum stake of 55.4% of Banco Excel Economico of Brazil.  BBV
will in one phase inject approximately one thousand million reales (130,000
million pesetas) into Excel Economico in order to carry out the transaction and
adequately capitalize the Brazilian entity to face the major expansion
envisioned by the Spanish group.

The activity of Banco Excel Economico is mainly commercial, with a concentration
on wholesale and corporate banking.  Their network, the eighth largest in
Brazil, consists of 219 branches and 61 POS.  Total assets, loans and deposits
are US $10.5 billion, $2.9 billion and $2.2 billion, respectively.  The group
has 6,157 employees and high name recognition in the Brazilian market.

Banco Excel Economico has a large customer base with ties to nearly one million
clients via different services offered by the bank and through affiliated
companies.

This transaction is subject to routine conditions and authorizations prevalent
in acquisitions of this nature.

Investor relations Office

(Spain/34) 94 487 65 87
(Spain/34) 91 374 42 22
(USA/212) 728.15.00
(UK/171) 397 60 76

Internet info (http://www.bbv.es)

END

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