RNS No 4618p
BANCO BILBAO VIZCAYA S.A.
26th September 1997


                    BBV RELEASE (BANCO BILBAO VIZCAYA)

1. BBV LATIN AMERICAN STRATEGY

In the context of BBV's expansion policy in Latin America as repeatedly pointed
out, Brazil ranks as a priority in this market.  Accordingly, conversations
have been held with Brazilian authorities given the fact that its approval
becomes mandatory for any negotiation to be entered in order to buy a Brazilian
financial entity.  Conversations have been held with several Brazilian financial
entities without arriving up to now to any agreement whatsoever which, in any
case, will be subject to the mandatory approval of the Brazilian and Spanish
authorities.

BBV's strategy looks to attain a significant market share in each local banking
system in which to be present and, given the size of the Brazilian economy, the
rough estimate of the investment to be made is a figure around US$800 million.

In the case of any such agreement being reached, the pertinent authorities will
be immediately informed.


2. 3Q97 RESULTS RELEASE

The release of 3Q97 results is expected Thursday October 23rd.


Investor relations office
(Spain/4) 487 65 87
(Spain/1) 374 42 22

(USA/212) 339 43 60
(UK/171) 397 60 76

END

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