First interim dividend 2004

Banco Bilbao Vizcaya Argentaria SA
25 June 2004

                              SIGNIFICANT EVENT

 
The BBVA Board of Directors in its meeting celebrated in Santiago de Compostela
has approved today the distribution a gross interim dividend against 2004
results of euros 0.10 for each of all current issued shares. This interim
dividend will be paid on the 12th of July.

                                          Madrid, the 25th of july


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