Statement re. Press Comment

Banco Bilbao Vizcaya Argentaria SA
24 March 2005


'BBVA, S.A.', pursuant to the provisions of article 82 of the Spanish Securities
Market Act, proceeds by means of the present document to notify the following:

                             RELEVANT EVENT

In relation to the news which have appeared this morning in the Italian  media,
and responding to the request of the Italian securities markets supervisory
authority (CONSOB), BBVA confirms and maintains in their integrity the terms of
the communication disclosed to the market on Friday 18th, 2005.



                                                                March 24th, 2005


                      This information is provided by RNS
            The company news service from the London Stock Exchange