Dividend Declaration

Banco Bilbao Vizcaya Argentaria SA
18 December 2001


BBVA
RELEVANT EVENT

According to the law in force, BANCO BILBAO VIZCAYA ARGENTARIA, S.A. informs 
that, in the meeting held today by its Board of Directors, it has been agreed 
the payment of a third interim dividend of the year 2001 for a gross amount of 
0.085 euros per share (14.14 pesetas, approx.), to be paid on 10 January 2002.

Business days:

* Payment: 10 January 2002
* Record: 9 January 2002
* Ex-dividend: 10 January 2002

Furthermore, according to the announcement made on 31 October 2001, this Board 
has agreed to advance the end of 'Proyecto CRE@' to December 2001,

Madrid, 18 December 2001