Dividend Declaration

Banco Bilbao Vizcaya Argentaria SA
28 September 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:


                               SIGNIFICANT EVENT


                     SECOND INTERIM DIVIDEND FOR YEAR 2005


The BBVA Board of Directors in its meeting held today, has approved the
distribution, as second gross interim dividend against 2005 results, of euros
0.115 for each of all current issued shares, which is a 15% increase with regard
to the 2004 second interim dividend.

This interim dividend will be paid on October 10th, 2005.


Gross dividend


        0.115 euros per share.

Withholding tax rate


        15%

Business days


        Record:          October 7th, 2005

        Ex-dividend:     October 10th, 2005

        Payment:         Upon October 10th, 2005




                                                      Madrid, September 28, 2005


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