Banco Bilbao Vizcaya - Consolidated Bal.& Inc. Sheet

RNS No 5328q
BANCO BILBAO VIZCAYA SA
22 October 1999


Consolidated balance sheet
--------------------------
                                 30-9-99 (Millions)     30-6-99  30-9-98     %
                                  Pesetas    Euros    (Millions of euros)  (YoY)

 Cash on hand and on dep. at
  Central Banks                   643,180    3,866       4,229    2,982    29.6
 Government debt securities       810,707    4,872       4,745    5,359    (9.1)
 Due from credit entities       4,354,973   26,174      30,853   35,027   (25.3)
 Total net lending             10,705,726   64,343      64,027   58,191    10.6
 Fixed-income portfolio         4,320,385   25,966      24,807   14,899    74.3
 Equities, portfolio            1,075,956    6,467       5,400    4,486    44.1
 Property and equipment           573,659    3,448       3,503    3,270     5.4
 Goodwill in consolidation        258,397    1,553         836    1,081    43.7
 Other assets                   1,548,424    9,305       8,069    6,976    33.4

TOTAL ASSETS                   24,291,407  145,994     146,469  132,271    10.4

 Due to credit entities         6,289,505   37,801      42,025   36,578     3.3
 Deposits                      12,588,312   75,657      74,127   71,142     6.3
 Marketable debt securities     1,829,462   10,995       9,242    7,082    55.3
 Other liabilities              1,190,383    7,154       7,591    6,613     8.2
 Negative difference of                                                
  consolidation                     7,524       45          86       98   (54.1)
 Net income                       181,303    1,090         736      896    21.7
 Subordinated debt                302,893    1,820       1,832    1,701     7.0
 Minority interests               705,975    4,243       4,459    2,490    70.4 
 Capital                          182,839    1,099       1,123    1,105    (0.5)
 Reserves                       1,013,211    6,090       5,248    4,566    33.4

TOTAL LIABILITIES              24,291,407  145,994     146,469  132,271    10.4

                                                                      
Off-balance liabilities                                     
                                                                      
  * Customers' portfolios and                                         
    assets                      3,019,023   18,145      17,953   12,648    43.5
  * Mutual funds                5,572,062   33,489      34,158   28,692    16.7
  * Pension funds               3,467,289   20,838      10,015    7,409   181.3


Memorandum item (1)
 Average total assets          23,003,075  138,251     133,781  125,100    10.5
 Risk weighted assets          12,804,182   76,955      73,178   65,156    18.1
 Average shareholders' funds      811,377    4,876       4,756    4,614     5.7

(1) Calculated with data from the last four quarters.



Consolidated income statement                                         (Millions)
-----------------------------
                                                 3Q99             3Q98       %
                                           Euros     Pesetas      Euros    (YoY)

 Financial revenues                        8,044   1,338,442      7,584     6.1
 Financial expenses                       (4,815)   (801,214)    (4,518)    6.6

NET INTEREST INCOME                        3,229     537,228      3,066     5.3

 Net fee income                            1,533     255,164      1,349    13.7
  * Collection and payment services          477      79,300        478    (0.4)
  * Clients' portfolios                      623     103,747        518    20.3
    - Of which: mutual and pension funds     567      94,261        473    19.7
  * Other securities services                262      43,602        216    21.4
  * Other commissions                        171      28,515        137    25.5

BASIC MARGIN                               4,762     792,392      4,415     7.9

 Market operations                           417      69,254        244    70.8

ORDINARY REVENUE                           5,179     861,646      4,659    11.2 

 Personnel costs                          (1,850)   (307,764)    (1,637)   13.1 
 General expenses                         (1,021)   (169,938)      (908)   12.4

GENERAL ADMINISTRATIVE EXPENSES           (2,871)   (477,702)    (2,545)   12.8

 Depreciation and amortization              (285)    (47,462)      (235)   21.7
 Other oper. revenues and expenses (net)    (103)    (17,075)       (90)   14.2

OPERATING INCOME                           1,920     319,407      1,789     7.3

 Net income from companies carried by 
 the equity method                           205      34,197        158    30.7
   Memorandum item: correction for 
    payment of dividends                    (158)    (26,300)      (195)  (19.1)

ACTIVITY BUSINESS INCOME                   2,125     353,604      1,947     9.2

 Net income on Group transactions            594      98,902        567     4.8
 Net loan loss provisions                   (481)    (80,102)      (608)  (20.9)
  * Gross provisions                        (770)   (128,046)      (597)   28.9
  * Reversals and recoveries                 262      43,631        221    19.1
  * Country-risk net provision                27       4,313       (232) (111.2)
 Net securities writedowns                   (40)     (6,593)        (2)   n.m.
 Amortization of goodwill in                                          
  consolidation                             (448)    (74,581)      (353)   27.1
 Extraordinary items (net)                  (232)    (38,646)      (268)  (13.2)

INCOME BEFORE TAXES                        1,518     252,584      1,283    18.3

 Corporate income tax                       (428)    (71,281)      (388)   10.5

NET INCOME                                 1,090     181,303        895    21.7

 Minority interests                         (253)    (41,967)      (226)   11.5

NET ATTRIBUTABLE PROFIT                      837     139,336        669    25.1


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