Bank Bilbao Vizcaya Argentaria, S.A. (BBVA) is a diversified international financial group with strengths in the traditional banking businesses of retail banking, asset management, private banking and wholesale banking. The Company also has a portfolio of industrial holdings in a number of companies in Spain. BBVA conducts its business through a substantial network of premises in Spain and abroad, including 3,414 branch offices in Spain, and, principally through its various affiliates, 4,090 branch offices abroad as of December 31, 2002. In 2002, the Company managed its business through six areas: Retail Banking Spain and Portugal, Wholesale and Investment Banking, Mexico, Banking in America, Asset Management and Private Banking and Corporate Activities.