AGM Statement

Banco Bilbao Vizcaya Argentaria SA
12 February 2007




'The Board of Directors of Banco Bilbao Vizcaya Argentaria, S.A., in its meeting
on 12th February 2007, has resolved to convene an Annual General Meeting of
Shareholders, which will be held in Bilbao, at the Palacio Euskalduna, on
Abandoibarra Street No4, on 15th March 2007, at 12.00 hours under first
summons, and in the same place at the same time on 16th March 2007 under second
summons, according to the following



AGENDA



ONE.- Examination and approval, where forthcoming, of the annual accounts and
management report for Banco Bilbao Vizcaya Argentaria, S.A. and its consolidated
financial group. Application of earnings; dividend payout. Approval of corporate
management. All these refer to the year ended 31st December 2006.



TWO.- Adoption, where forthcoming, of the following resolutions on the
appointment and ratification of board members:



2.1.- Appointment of Mr Rafael Bermejo Blanco

2.2.- Ratification of Mr Richard C. Breeden

2.3.- Ratification of Mr Ramon Bustamante y de la Mora

2.4.- Ratification of Mr Jose Antonio Fernandez Rivero

2.5.- Ratification of Mr Ignacio Ferrero Jordi

2.6.- Ratification of Mr Roman Knorr Borras

2.7.- Ratification of Mr Enrique Medina Fernandez



Pursuant to paragraph 2 of article 34 of the corporate bylaws, determination of
the number of directors at whatever number they are at this moment, according to
the resolutions adopted under this agenda item, which will be reported to the
AGM for all due effects.



THREE.- Increase by €30,000,000,000.- (THIRTY BILLION EUROS) the maximum nominal
amount against which the AGM, 18th March 2006 under its agenda item three,
authorises the board of directors to issue fixed-income securities of any kind
and nature, including redeemable and exchangeable bonds, non-convertible into
equity.



FOUR.- Authorisation for the Company to acquire treasury stock directly or
through Group companies, pursuant to article 75 of the Consolidated Text of the
Companies Act, establishing the limits and requirements for these acquisitions,
with express powers to reduce the Company's share capital to redeem treasury
stock. Conferral of necessary authority to the board of directors to implement
the resolutions passed by the AGM in this respect, repealing the authorisation
conferred by the AGM, 18th March 2006.



FIVE.- Re-election of the auditors for the 2007 accounts.



SIX.- Amendment of article 36, 'Term and renewal of directorships' in the
corporate bylaws in order to eliminate the annual renewal of one fifth of the
Board of Directors.



SEVEN.- Constitution of a foundation for economic and social development and
cooperation through microfinance activities.



EIGHT.- Conferral of authority to the board of directors, which may in turn
delegate said authority, to formalise, correct, interpret and implement the
resolutions adopted by the AGM.


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