Third interim dividend 2006

Banco Bilbao Vizcaya Argentaria SA
19 December 2006



Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), pursuant to the provisions of
article 82 of the Spanish Securities Market Act, proceeds by means of the
present document to notify the following:





THIRD INTERIM DIVIDEND FOR YEAR 2006





The BBVA Board of Directors in its meeting held yesterday, approved the
distribution, as third gross interim dividend against 2006 results, of euros
0.132 for each of all current issued shares. This interim dividend will be paid
on January 10th, 2007.



Gross dividend

     0.132 euros per share.



Net Dividend

     0.1122 euros (withholding tax rate of 15%)



Ex-dividend date

     January10th, 2007



The dividend will be paid according to the regulations applicable to the
depositary entities, using the means that IBERCLEAR provides to such entities.



                                                       Madrid, December 19, 2006


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