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SECURITIES AND
EXCHANGE COMMISSIONWashington, D.C. 20549

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FORM 20-F/A

|_| REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g)
                                   OF THE SECURITIES EXCHANGE ACT OF 1934
                                                     OR
                              |X| ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
                                   OF THE SECURITIES EXCHANGE ACT OF 1934for the fiscal year ended December 31, 2002
                                                     OR
                            |_| TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                                   OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file
number 1-12568

BBVA BANCO FRANCÉS
S.A.(Exact name of Registrant as specified in its charter)

BBVA FRENCH BANK(Translation of Registrants name into English)

Argentina
(Jurisdiction of incorporation)

Reconquista 199
                                              1003 Buenos Aires
                                            Republic of Argentina
                                  (Address of principal executive offices)

Securities
registered or to be registered pursuant to Section 12(b) of the Act.

|Title of each class                                                                                                   | Name of each exchangeon which registered
|--------------------------------------------------------------------------------------------------------------------- | ----------------------------------------
|American Depositary Shares, each representing the right to receive three ordinary shares, par value Ps.1.00 per share | New York Stock Exchange                 
|Ordinary shares, par value Ps.1.00 per share                                                                          | New York Stock Exchange*                

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|* | The
ordinary shares are not listed for trading, but are listed only in connection with the
registration of the American Depositary Shares, pursuant to the requirements of the New
York Stock  Exchange.
|- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Securities
registered or to be registered pursuant to Section 12(g) of the Act:

None(Title of Class)

Securities for
which there is a reporting obligation pursuant to Section 15(d) of the Act:

None(Title of Class)

The number of
outstanding shares of each class of stock of the Registrant at December 31, 2002 was:

Ordinary Shares, par
value Ps.1.00 per share368,128,432

Indicate by check
mark whether the registrant (1) has filed all reports required to be filed by Section 13
or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for
such shorter period  that the registrant was required to file such reports), and (2) has
been subject to such filing  requirements for the past 90 days.

Yes |X| No |_|

Indicate by check
mark which financial statement item the registrant has elected to follow.

Item 17 |_| Item 18
|X|

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EXPLANATORY NOTE

The
purpose of this amendment to the Annual Report on Form 20-F for the year ended December
31, 2002  filed by BBVA Banco Francés S.A. on July 15, 2003 (the 2002 Form
20-F) is to include an amended audit  report relating to our consolidated financial
statements as of December 31, 2002 and for the fiscal year  then ended.  Except for the
addition of the audit report, no changes have been made to the 2002 Form 20-F.

This
20-F/A consists of a cover page, this explanatory note, the above-described amended audit
report  and the signature page.

Other
than expressly set forth above, this Form 20-F/A does not, and does not purport to,
amend,  update or restate the information in any Item of the 2002 Form 20-F or reflect
any events that have  occurred after the 2002 Form 20-F was filed.

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INDEPENDENT
AUDITORS REPORT

To the Board of Directors ofBBVA BANCO FRANCES S.A.
Reconquista 199Buenos Aires, Argentina

|1. | We
have  audited the  accompanying  consolidated  balance  sheet of BBVA BANCO  FRANCES
S.A.  and  subsidiaries (entities organized under Argentine  Legislation,  except Banco
Francés (Cayman)  Limited,  incorporated  under the laws of Cayman  Islands) as of
December 31,  2002,  and the  related  consolidated  statements of  operations,  changes
in  stockholders  equity and cash  flows for the fiscal year then ended (all expressed
in thousands of Argentine  Pesos).  These  financial  statements are the  responsibility
of the Banks  management.  Our  responsibility  is to express an opinion on these
financial statements based on our audit.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|2. | The
consolidated  balance sheet of BBVA BANCO FRANCES S.A. and its subsidiaries as of
December 31,  2001 and the related consolidated  statements of operations,  changes in
stockholders equity  and cash  flows  for the  fiscal  years  ended  December  31,  2001
and 2000,  presented  for  comparative  purposes,  were  audited by other  auditors  who
have ceased  operations.  Those  auditors  expressed an  unqualified  opinion on those
financial  statements  in their report  dated  April  30,  2002  (except  for note 1.3
which is as of June 12,  2002)  and  included  explanatory  paragraphs for uncertainties
regarding the financial  statements for the fiscal  year ended  December 31, 2001 related
to: (a) the future  effects  that the  prolongation  of  the economic crisis in Argentina
could have on the  recoverability  of the accounting  value  of the holdings of
securities issued by the Argentine  federal  government and governments of  Argentine
provinces,  and outstanding  receivables from credit assistance to customers in the
non-financial  governmental  sector and the  non-financial  private sector and (b) the
Banks  ability to continue as a going concern.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

F-2

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|3. | We
conducted our audit in  accordance  with auditing  standards  generally  accepted in the
United  States of America and with the  Minimum  standards  for  independent
auditors  required by  Argentine  Central Bank (BCRA).  Those  standards  require
that we plan and perform the audit  to obtain reasonable  assurance about whether the
consolidated  financial statements are free  of material misstatement.  An audit includes
examining,  on a test basis, evidence supporting  the amounts and  disclosures in the
financial  statements.  An audit also includes  assessing  the accounting  principles
used and the significant  estimates made by the Banks  management  as well as
evaluating  the overall  financial  statement  presentation.  We believe that our  audit
provides a reasonable basis for our opinion.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4. | As
mentioned in note 4, the accompanying  consolidated  financial statements have been
prepared in  accordance with the accounting  standards  established by the BCRA
applicable to consolidated  financial  statements,  which differ in certain respects
from, and constitute a comprehensive  basis  of  accounting  other  than,  Argentine
generally  accepted  accounting  principles  applicable to business enterprises in
general.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|5. | In
our opinion, the consolidated  financial statements indicated in paragraph 1 present
fairly, in  all material  respects,  the financial  position of BBVA BANCO FRANCES S.A.
and  subsidiaries  as of December 31, 2002 and the results of their  operations  and cash
flows,  for the fiscal  year  then  ended,  in  conformity  with the  rules  established
by the BCRA  applicable  to  consolidated financial statements.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|6. | As
explained in note 1.1 to the  accompanying  consolidated  financial  statements,  from
the last  quarter  of 2001,  the  Republic  of  Argentina  has  experienced  a sudden
and  significant  deterioration  in its  economy  which  led  the  Federal  Government
to  enact a  series  of  measures,  including:  a) the  announcement of the default in
paying most of its public debt,  b) the  devaluation  of the Argentine  currency,  c) the
mandatory  conversion of assets and  liabilities  denominated in foreign  currencies into
pesos, and d) restrictions of depositors  on  withdrawal  of funds  deposited in the
financial  entities.  Additionally,  the economic  crisis  resulted in a significant
increase in domestic  prices,  a  significant  decrease in  deposits in  financial
entities  and a worsening  in the  debtors  payment  capacity.  Such  measures,  as well
as the  resulting  effects  of the  economic  crisis,  have  significantly  affected  the
financial  system as a whole as well as the Bank and its  subsidiaries.  As of  the date
of issuance of this  report,  the  Government  is  considering  various  measures in
order to address the effects of the crisis and resolve the  structural  problems
inherent in  both the Argentine economy and financial system.
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

F-3

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|7. | The
accompanying  financial  statements  have been prepared  assuming the Bank will continue
as a  going  concern.  The  resolution  of the economic  crisis  described in paragraph 6
above and  note  1.2 to the  accompanying  consolidated  financial  statements  may
impact  the  Banks  ability to recover as of December 31, 2002,  (i) its government
bonds and credit  assistance  granted to the  government  sector  (note 1.2.3 to the
financial  statements),  amounting to  thousand of pesos  10,318,576 and  representing
64% of the Banks total assets as of December  31,  2002,  and  (ii) the  assets
mentioned  in  notes  1.2.6  and  1.2.7  to the  financial  statements;.  Furthermore,
as of the date of issuance of this report, a decision by the BCRA  is still pending
regarding:  (i) the  determination  of the final amount of the compensation  generated in
the  devaluation  and  conversion  into pesos in  accordance  with the Decree No.
905/2002  and as  supplemented  (note  1.2.2  to the  financial  statements),  and  (ii)
the  required  facilities  related to the minimum cash requirements  (note 1.2.10 to the
financial  statements).  Such pending  approval,  and the final outcome of the  remaining
uncertainties  referred to above,  could  continue to affect the  financial  position and
equity of the Bank  and its  subsidiaries and raise  substantial  doubt about the Banks
ability to continue as a  going  concern.  Managements  plans  concerning  these
matters are also  described  in note  1.2.1.  The  consolidated  financial  statements
as of December  31, 2002 do not include any  adjustments that might result from the
outcome of these uncertainties.
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|8. | Accounting
rules  established by BCRA  applicable to  consolidated  financial  statements vary in
certain  important  respects  from  accounting  principles  generally  accepted in the
United  States.  The application of the latter would have affected the  determination of
consolidated  net loss for the fiscal year ended December 31, 2002 and the  determination
of stockholders  equity  (deficit)  at  December  31,  2002  to  the  extent  summarized
in  Note  37 to  the  consolidated financial statements.
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Buenos Aires, February 20, 2003,
except for notes 1.3. and 37 which are as of July 1, 2003

| | DELOITTE
& Co. S.R.L.
| | ---------------------

| | CARLOS
A. HAEHNEL             
    Partner
| | ------------------------------------------

F-4

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SIGNATURES

The
registrant hereby certifies that it meets all of the requirements for filing on Form 20-F
and that  it has duly caused and authorized the undersigned to sign this amendment to the
Annual Report on Form  20-F/A on its behalf.

| | BBVA
BANCO FRANCÉS S.A.
| | -----------------------

| | By: | /s/
Marcelo Gustavo Canestri
| | --- | ----------------------------

| |  | Name:
Marcelo Gustavo CanestriTitle:    Chief Financial Officer
| |  | ---------------------------------------------------------------

Date: July 15, 2003