Re Directorate &Dividend Dec.

Banco Bilbao Vizcaya Argentaria SA
18 September 2001


          THE BOARD OF DIRECTORS OF BBVA APPOINTS NEW DIRECTOR AND 
                APPROVES THE SECOND INTERIM DIVIDEND OF 2001


*  Jose Madina Loidi joins to the Board of Directors 

*  The dividend of EUR 0.085 per share (ESP 14.14) will be paid the 
   next 10th of October

The Board of Directors of BBVA has appointed as a new Director of the Bank to 
Jose Madina Loidi and has approved the payment of the second interim dividend of
2001, EUR 0.085 per share (ESP 14.14 per share).

Jose Madina Loidi is engineer and nowadays is the manager of the Financial 
School of BBVA and Director of BBVA Privanza and independent Director of Gamesa.

Madina Loidi substitutes in the Board to Fernando Ybarra y Lopez Doriga, who 
left the senior post because of his retirement.

With reference to the dividend, this second payment will be done the 10th of 
October, according to the agenda of payments approved by the Board of Directors 
of BBVA in its meeting of May. The other payments will be done in January and 
April.