Banco Bilbao Vizcaya Argentaria, S.A.

                    BBVA: Results for January - September 2005
         Net attributable profit at BBVA rises 24.9% to €2.72 billion

- Earnings per share (EPS) rise 24% and return on equity (ROE) now stands at
35.2%, the highest among European banks

- Operating profit is growing faster, at 19.7%, thanks to a sharp increase in
profitable business and revenues in all three business areas and in the group
as a whole

- All margins are growing faster: net interest income is up 14.5%, core
revenues 14.1% and ordinary revenues 14.3%

- Efficiency (cost/income ratio) has improved to 43.6% against 44.7% a year
ago. Including depreciation it has improved 1.9 percentage points to 47%

- Retail Banking in Spain and Portugal has increased lending by more than 20%
and fund-gathering by 11.6%. Its operating profit rose 14.3% and net
attributable profit increased 13.3% to €1.2 billion.

- Wholesale and Investment Banking increased operating profit by 42.6% and net
attributable profit rose 59.8% to €447m

- In the Americas business activity is up sharply, operating profit is growing
faster (at 36.4%) and net attributable profit rose 60.2% to €1.3 billion

- BBVA Bancomer increased growth in the more profitable business lines,
operating profit increased 50.2% and net attributable profit jumped 73.4% to
€835m

- The group improved loan quality yet again. The non-performing loan ratio
fell to 0.98% (previously 1.29%) and coverage increased to 246.4% (211.7%)

- BBVA reinforced capital adequacy. The BIS ratio increased to 12.7% and core
capital stands at 5.9% (compared to 12.2% and 5.8%, respectively, in June
2005)


BBVA today announced net attributable profit for the year to September of
€2.72 billion, an increase of 24.9%. Earnings per share (EPS) are up 24%. The
favourable performance is a result of the high level of activity in all
recurrent margins, which led to an increase of 19.7% in operating profit. This
validates the group’s strategy of growth in profitable activities and it was
supported by important increases in revenue in all three business areas. Net
attributable profit in the quarter climbed 35.7% to €914m.

In the year to September, BBVA strengthened its position as the most
profitable bank in Europe with ROE (return on equity) of 35.2%, compared to
33.3% a year earlier. Furthermore the cost/income ratio improved to 43.6% and
47% with depreciation (44.7% and 48.9%, respectively, a year ago). The BIS
ratio has risen to 12.7%, core capital stands at 5.9% (12.2% and 5.8%,
respectively, in June). The non-performing loan ratio is now 0.98% (1.29% a
year earlier) and coverage is 246.4% (previously 211.7%). In summary, the
figures demonstrate the success of the group’s strategy of profitable growth
and creation of value.

The figures for the first nine months of the year reflect the surge in
profitable business activity in all business areas and the sharp rise in
revenues. There were significant advances in all margins on the group income
statement, net interest income grew 14.5%, core revenues 14.1% and ordinary
revenues 14.3%.

The group’s total assets grew 15.2% to €374.8 billion, total lending stands at
€208.2 billion (up 23.7%) and customer funds are €380.0 billion (up 19.4%).

BBVA paid a second interim dividend of €0.115 per share on 10th October, an
increase of 15%. It is the top European bank in terms of profitability with an
ROE of 35.2%. Earnings per share (EPS) have increased 24%.

The third quarter results were obtained in a context of higher oil prices,
rising rates in the USA and stable rates in Europe. The Spanish economy
continued to outperform the rest of the euro zone although inflation is higher
and the trade deficit is widening. Latin-American growth rebounded; debt
spreads were lower and inflation is under control. This opens the door to
lower interest rates in the future.

The most relevant aspects of the BBVA Group in the first nine months of 2005
are summarised below:

	- In the third quarter the group generated net attributable profit of €914m.
This was 35.7% higher than the €674m obtained in the same period last year.
Like previous quarters, recurrent revenues were the main driver behind the
increase in profit.

	- Progressive acceleration of growth in all margins on the income statement
brought net attributable profit in the first nine months to €2.72 billion, a
year-on-year increase of 24.9%. Earnings per share increased 24% and return on
equity rose to 35.2%.

	- The positive performance of revenues, especially net interest income, net
fee income and insurance (with year-on-year increases that were higher than in
June) resulted in a 19.7% increase in operating profit (17.7% at the
half-year). Growth of revenues and operating profit was higher in all business
areas.

	- Ordinary revenues increased 14.3% in the first nine months, exceeding the
half-year figure of 11.8%. This was the result of a 14.5% rise in net interest
income (11.1% at the half-year), driven by higher business volume, and of net
fee income and insurance, which grew 13.6% (10.5% in June).

	- Operating expenses including depreciation increased 10.3%, which was less
than revenues. On a like-for-like basis (ie, excluding Laredo National
Bancshares, Hipotecaria Nacional and  Valley Bank) the increase in expenses
was 7.4%.

	- Thus the cost/income ratio improved to 43.6% against 44.7% for the first
nine months of 2004. Including depreciation, the ratio is 47.0% and the
year-on-year improvement increases to 1.9 percentage points.

	- Despite higher lending, non-performing loans (NPLs) declined. This brought
the NPL ratio to 0.98% at 30-Sep-05 against 1.29% a year earlier. Coverage
rose to 246.4% (211.7% at 30-Sep-04).

	- Core capital at 30-Sep-05 stands at 5.9%, in line with the group’s target.
Tier 1 capital is 7.9% and the BIS ratio 12.7%.

	- On 10th October the group paid a second interim dividend of €0.115 against
2005 results. This was the same amount as the July dividend and 15% higher
than dividends last year.

	- Retail Banking in Spain and Portugal continued to increase lending by more
than 20% year-on-year. This was supported by lending to SMEs and mortgages.
Customer funds  rose faster, at 11.6%. Net interest income, net fee income and
insurance grew faster than at the half-year. This helped ordinary revenues
increase 8.5%, operating profit 14.3% and net attributable profit rose 13.3%
to €1.2 billion.

	- In the third quarter results in Wholesale and Investment Banking were
higher than the same period last year, especially in the markets unit.
Ordinary revenues rose 25.3% in the year to September and operating profit
climbed 42.6%. Net attributable profit came to €447m, an increase of 59.8%.

	- The Americas Area continues to report high growth in banking activity as
well as insurance and pensions. This helped to lift year-on-year growth of net
interest income to 29.3% and operating profit growth to 36.4%. Net
attributable profit came to €1.33 billion, an increase of 60.2%. In a
like-for-like comparison based on the same units, operating profit grew 31.3%
and attributable profit 53.2%.

	- Bancomer continued to be the outstanding performer with sharp gains in the
more profitable business lines (ie, consumer finance and cards on the credit
side and transactional accounts in terms of customer funds). Revenues were
higher (37.7% in net interest income and 19.8% in net fee income). Thus
operating profit rose 50.2% and net profit climbed 62.9% to €836m (53.0%
excluding Hipotecaria Nacional).


________________________________________________________________________________

--------------------------------------------------------------------------------
BBVA Group Highlights (Consolidated figures)

BALANCE SHEET (million euros)   30-09-05  30-09-04  % increase	31-12-04

Total assets	                 374,828  325,247	15.2	 332,743
Customer lending (gross)         208,156  168,274	23.7	 176,086
On-balance sheet customer funds  238,143  197,747	20.4	 203,023
Other customer funds	         141,828  120,473	17.7	 121,553
Total customer funds	         379,971  318,220	19.4	 324,576
Equity                  	  16,940   12,773	32.6	  13,840
Shareholders’ funds (including
 profit for the year)	          12,522   10,556       18.6      11,032

INCOME STATEMENT (million euros)
Net interest income	           5,187    4,530       14.5	   6,131
Core revenues	                   8,489    7,438  	14.1	  10,031
Ordinary revenues	           9,328    8,159       14.3	  11,031
Operating profit	           4,867    4,065       19.7	   5,501
Pre-tax profit	                   4,130    3,151  	31.1	   4,137
Net attributable profit	           2,728    2,184 	24.9       2,923

DATA PER SHARE AND MARKET CAPITALIZATION
Share price	                   14.59    11.08	31.7       13.05
Market capitalization
 (million euros)	          49,473   37,571	31.7	  44,251
Net attributable profit	            0.80     0.65	24.0	    0.87
Book value	                    3.69     3.11	18.6	    3.25
PER (Price/earnings
 ratio; times) (1)	            13.4     12.9		    15.1
P/BV (Price/book value ratio; times) 4.0      3.6		     4.0

SIGNIFICANT RATIOS (%)
Operating profit/ATA	            1.78     1.70		    1.70
ROE (Net attributable
 profit/Average equity)	            35.2     33.3		    33.0
ROA (Net profit/ATA)	            1.07     0.97		    0.96
RORWA (Net profit/Risk
 weighted average assets)	    1.83     1.60		    1.62
Efficiency ratio	            43.6     44.7		    44.9
Efficiency ratio including
 depreciation and amortization	    47.0     48.9		    49.0
NPL ratio	                    0.98     1.29		    1.15
NPL coverage ratio	           246.4    211.7		   219.4

CAPITAL ADEQUACY RATIOS (BIS Regulation) (%)
Total	                           12.7	     12.1		    12.4
Core capital	                    5.9	      5.9		     5.9
TIER I	                            7.9	      7.8		     8.0

OTHER INFORMATION
Number of shares (million)	  3,391	    3,391		   3,391
Number of shareholders	      1,012,975 1,117,771	       1,081,020
Number of employees	         91,770    87,625		  87,112
. Spain	                         31,188    31,106		  31,056
. America (2)	                 58,643    54,553		  54,074
. Rest of the world	          1,939     1,966		   1,982
Number of branches	          7,208     6,979		   6,868
. Spain	                          3,510     3,382		   3,385
. America (2)	                  3,526     3,411		   3,303
. Rest of the world	            172       186		     180
_______________________________________________________
(1) The 2005 PER is calculated taking into consideration the median of the
analysts' estimates (October 2005).
(2) Includes those related to the BBVA Group' s banking, pension fund managers
and insurance companies in all the American countries in which it is present.









________________________________________________________________________________--------------------------------------------------------------------------------
BBVA CONSOLIDATED INCOME STATEMENT (Million euros)
					                        Memorandum item:
                                                                  Increase at
	                      January         %       January       constant
                           September-05  increase  September-04 exchange rates

Core net interest income	5,003	    14.7	4,364	      15.1
Dividends	                  183	    10.4	  166	      10.2

NET INTEREST INCOME	        5,187	    14.5	4,530	      14.9
Net income by the equity method	   79	    11.6	   70	      11.7
Net fee income	                2,875	    13.1	2,541	      13.0
Income from insurance activities  349	    18.1	  296         18.2

CORE REVENUES	                8,489	    14.1	7,438	      14.4
Net trading income	          839	    16.3	  722	      16.6

ORDINARY REVENUES	        9,328	    14.3	8,159	      14.6
Net revenues from
 non-financial activities	  110	    45.9	   76	      46.0
Personnel costs	               (2,620)	     9.3       (2,398)	       9.4
General expenses	       (1,562)	    15.7       (1,350)	      16.1
Depreciation and amortization	 (323)	    (4.4)	 (338)	      (4.7)
Other operating
 income and expenses (net)	  (66)	   (20.9)	  (83)	     (20.5)

OPERATING PROFIT	        4,867	    19.7	4,065	      20.1
Impairment losses on
 financial assets (net)	         (558)	    (6.4)	 (596)	      (6.9)
 - Loan-loss provisions	         (531)	   (10.7)	 (595)	     (11.2)
 - Other	                  (27)	    n.m.	   (2)	      n.m.
Provisions (net)	         (329)	   (53.9)	 (714)	     (53.8)
Other income / losses (net)	  151	   (62.0)	  396	     (61.9)
 - From disposal of
        equity holdings	           19	   (93.3)	  283	     (93.3)
 - Other	                  132	    16.1	  113	      17.7

PRE-TAX PROFIT	                4,130	    31.1	3,151	      31.7
Corporate income tax	       (1,207)	    46.3	 (825)	      46.4

NET PROFIT	                2,924	    25.7	2,326	      26.4
Minority interests	         (196)	    38.1	 (142)	      44.2

NET ATTRIBUTABLE PROFIT	        2,728	    24.9	2,184	      25.3

EARNINGS PER SHARE CALCULATION
Average ordinary shares in
 circulation (thousand)	    3,390,852	     0.7    3,365,943
Basic earnings per share	 0.80	    24.0	 0,65
Diluted earnings per share	 0.80	    24.0	 0,65



________________________________________________________________________________--------------------------------------------------------------------------------


BBVA: CONSOLIDATED BALANCE SHEET  (Million euros)

	                               30-09     %       30-09   30-06   31-12
		                        2005  increase    2004	  2005    2004

Cash and balances at Central Banks    13,239	51.2	  8,757	 13,799	 10,123
Trading portfolio assets	      44,516	12.0	 39,732	 53,437	 43,432
Other financial
 instruments at fair value	       1,380	63.0	    847	    925	  1,118
Financial instruments
 available for sale	              52,874	 3.0	 51,322	 52,315	 58,053
Loans	                            235,305	18.5	198,566	231,303	197,483
. Due from banks	             25,037	 1.1	 24,774	 25,076	 17,571
. Loans to customers	            202,894	24.2	163,351	195,286	171,339
. Other                               7,374    (29.4)	 10,442	 10,942	  8,573
Fixed income portfolio held
 to maturity	                      3,930	42.1	  2,766	  3,519	  2,195
Investments in associates	      1,416	(7.9)	  1,538	  1,392	  1,369
Property and equipment	              4,256	 6.6	  3,991	  4,249   3,939
Intangible assets	              1,716	92.7	    891	  1,675	    809
Other assets	 		     16,195     (3.8)    16,838  15,078  14,223
TOTAL ASSETS	                    374,828	15.2	325,247	377,694	332,743

Trading portfolio liabilities	     19,595	55.4	 12,610	 18,212	 12,379
Other financial
 liabilities at fair value	        768	(9.9)	    852	    775	    834
Financial liabilities at
 amortised cost	                    304,209	13.1	269,088	310,616	271,179
. Deposits by Central
       Banks and banks	             61,363    (10.9)	 68,856	 69,093	 64,628
. Due to customers	            166,128	11.8	148,651	168,204	149,030
. Marketable debt securities	     62,434	50.2	 41,564	 59,666	 45,503
. Subordinated debt	              9,581	27.2	  7,532	  9,322	  8,490
. Other	                              4,703	89.2	  2,485	  4,330	  3,529
Insurance contract liabilities	     10,215	25.7	  8,128	  9,680	  8,840
Other liabilities	             18,962	 4.8	 18,100	 19,265	 21,861
Loan capital	                      4,139	12.0	  3,695	  3,589	  3,809

TOTAL LIABILITIES	            357,888	14.5	312,474	362,137	318,903

Minority interests	                924	52.0	    608	    837	    746
Valuation adjustments	              3,494    117.1	  1,610	  2,952	  2,062
Shareholders' funds	             12,522	18.6	 10,556	 11,767	 11,032

EQUITY	                             16,940	32.6	 12,773	 15,556	 13,840

TOTAL LIABILITIES AND EQUITY	    374,828	15.2	325,247	377,694	332,743

MEMORANDUM ITEM:
Contingent liabilities	             26,978	34.9	 20,003	 24,640	 21,653
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
		Banco Bilbao Vizcaya Argentaria, S.A.

Date: October 27, 2005	By:	Javier MALAGON NAVAS
	Name:	Javier MALAGON NAVAS
	Title:	Authorized Representative of Banco Bilbao Vizcaya Argentaria, S.A.
Banco Bilbao Vizcaya Argentaria, S.A. ———————————————————————————————————
(Translation of registrant’s name into English)

Kingdom of Spain ———————————————————————————————————
(Jurisdiction of incorporation or organization)

Plaza San Nicolás 4 48005 - BILBAO (SPAIN)
——————————————————————————————————— (Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: [x] Form 20-F [ ] Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: [ ] Yes [x] No