Result of Meeting

Banco Bilbao Vizcaya Argentaria SA
21 March 2000

BBVA


Banco Bilbao Vizcaya Argentaria, S.A. informs that in the meeting held today in
the morning by the Board of Directors, the following agreements have been
adopted:

The approval of the Merger Plan BBVA with Banco del Comercio, S.A. and Banco de
Negocios de Argentaria, S.A., through the absorption of the two latest by BBVA.
The exchange rate established in the Merger Plan for the shareholders of Banco
del Comercio, S.A. is 16 BBVA shares of new issue for each share of Banco del
Comercio, S.A. and, with respect to the shareholders of Banco de Negocios de
Argentaria, S.A., 4 BBVA shares of new issue for each share of Banco de Negocios
de Argentaria, S.A.

The approval of the payment of the first interim dividend of year 2000, for a
gross amount of euros 0,06 (ptas. 10) per share, being the date of the payment
the 24th of April of 2000.