Dividend Declaration

Banco Bilbao Vizcaya Argentaria SA
23 December 2003




                                                              December 22nd 2003


                    THIRD INTERIM DIVIDEND FOR THE YEAR 2003

The BBVA Board of Directors has approved today the payment of a gross interim
dividend against 2003 results: euros 0.09 for each of all current issued shares
in circulation (3,195,852,043). The amount of this dividend is the same of the
first and second interim dividend distributed, and it will be paid on the 12th
of January 2004.


  • Gross dividend:   euros 0.09

  • Net dividend:     euros 0.0765 (withholding tax 15%)


Business days:


  • Payment:          Monday, January 12th, 2004

  • Ex-dividend:      Monday, January 12th, 2004

  • Record:           Friday, January 9th, 2004



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