NEW YORK ( TheStreet) -- Banco Bilbao Vizcaya Argentaria ( BBVA)'s Venezuelan unit is not up for sale.

According to a report by The Wall Street Journal and the , bank's website, BBVA Banco Provincial is denying claims that it is being put up for sale for $2 billion.

The report that the bank was for sale came from journalist Jose Vicente Rangel, a friend of President Hugo Chavez, according to published reports.

--Written by Maria Woehr in New York.

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