Dividend Declaration

Banco Bilbao Vizcaya Argentaria SA
30 September 2003



                                                             September 30th 2003

'BBVA, S.A.', pursuant to the provisions of section 82 of the Securities Market
Act, hereby announces the following

                               SIGNIFICANT EVENTS

                     SECOND INTERIM DIVIDEND FOR YEAR 2003

The Board of Directors of Banco Bilbao Vizcaya Argentaria, S.A., in the meeting
held today in New York, has approved the payment of the second interim dividend
for year 2003: 0.09 euros per share.


Gross dividend

        0.09 euros per share.

Withholding tax rate

        15%

Business days

        Record :          October 9th, 2003

        Ex-dividend:      October 10th, 2003

        Payment:          Upon October 10th, 2003


                      RESIGNATION of a member of the Board

The Board of Directors of BBVA, at a meeting held Today in New York, has
accepted the resignation, for personal reasons, of Jesus Maria Cainzos Fernandez
as member of the Board of this institution.

The Board has agreed to acknowledge and express its gratitude for his
contribution to the Bank in the pursuit of his duties.


Jesus Maria Cainzos joined the Board of Directors of Argentaria in 1998 and,
subsequent to the merger with BBV, he was appointed Vice-president of BBVA until
July 2003, date of his resignation as this position.

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