Acquisition

Banco Bilbao Vizcaya Argentaria SA
31 October 2005


                              OTHER COMMUNICATIONS

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) informs that its subsidiary in
Colombia, BBVA Colombia, has won the public auction held by the 'Fondo de
Garantias de Instituciones Financieras FOGAFIN',  for 98.78 % of the subscribed
and paid up share capital of Banco Granahorrar S.A.

The price offered by BBVA Colombia for the acquisition of Banco Granahorrar S.A.
was USD 423.66 million.

The transaction will be executed as soon as the authorizations from the
supervisory and regulatory institutions are duly obtained.



                                                       Madrid, October 31,  2005


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