Holding(s) in Company

Banco Bilbao Vizcaya Argentaria SA
24 April 2003


'BBVA, S.A.', pursuant to the provisions of section 82 of the Securities Market
Act and related with the significant event of May 15th 2002, hereby announces
the following


                               SIGNIFICANT EVENT


Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) and Terra Networks, S.A. (TERRA),
holders of the 51% and 49% of the share capital of Unoe Bank, S.A.,
respectively, in an Extraordinary General Shareholders' Meeting held on April
23, 2003, have unanimously approved (subject to the required approval by Banco
de Espana) an increase of capital in Unoe Bank, S.A., to be wholly subscribed by
Finanzia Banco de Credito, S.A. (a wholly owned subsidiary of BBVA), through the
contribution of its Consumer's Lending Business. Finanzia Banco de Credito, S.A.
has also held in the same day an Extraordinary General Shareholders' Meeting
approving the mentioned contribution and subscription of the increase of
capital.


The above mentioned increase of capital integrates the Consumer's Lending
Business in Unoe Bank, S.A. and as a result of the referred capital increase,
BBVA Group and TERRA will hold stakes in Unoe Bank, S,A, share capital of 67%
and 33%, respectively.





                                                                 April 24th 2003


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