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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 IgA6pYWZvZVNILSJsWGSHfBsOx5YrdDHHpivnb86Hi7sBgfrtq/qaFkQb3LKGjN5
 lDmDPk2haZw4wlsfWb2lxQ==

<SEC-DOCUMENT>0000950144-96-000679.txt : 19960228
<SEC-HEADER>0000950144-96-000679.hdr.sgml : 19960228
ACCESSION NUMBER:		0000950144-96-000679
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19960227
SROS:			NASD

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANPONCE CORP
		CENTRAL INDEX KEY:			0000763901
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				660416582
		STATE OF INCORPORATION:			PR
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B2
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-54299
		FILM NUMBER:		96525723

	BUSINESS ADDRESS:	
		STREET 1:		209 MUNOZ RIVERA AVE
		STREET 2:		POPULAR CENTER BUILDING
		CITY:			HATO REY
		STATE:			PR
		ZIP:			00918
		BUSINESS PHONE:		8097659800

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 362708
		CITY:			SAN JUAN
		STATE:			PR
		ZIP:			00936-2708
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B2
<SEQUENCE>1
<DESCRIPTION>BANPONCE CORPORATION 424B2
<TEXT>

<PAGE>   1
                 PRICING SUPPLEMENT, DATED FEBRUARY 23, 1996
                  TO PROSPECTUS DATED SEPTEMBER 27, 1995 AND
                 PROSPECTUS SUPPLEMENT DATED OCTOBER 6, 1995


                             BANPONCE CORPORATION

                             MEDIUM-TERM SERIES 2

             DUE FROM NINE MONTHS TO 30 YEARS FROM DATE OF ISSUE

             PAYMENT OF PRINCIPAL, PREMIUM, IF ANY, AND INTEREST

<TABLE>
<S>                                            <C>
PRINCIPAL AMOUNT ............................  U.S. $25,000,000.00

ORIGINAL ISSUE DATE .........................  FEBRUARY 28, 1996

MATURITY DATE ...............................  MARCH 1, 1999

GLOBAL NOTE .................................  YES

INITIAL INTEREST RATE .......................  5.75%

INTEREST RATE BASIS .........................  FIXED

INDEX MATURITY ..............................  N/A

SPREAD ......................................  N/A

INTEREST RATE RESET PERIOD ..................  N/A

INTEREST PAYMENT PERIOD......................  JUNE 15, DECEMBER 15 AND AT
                                               THE MATURITY DATE
</TABLE>

THE PROCEEDS FROM THE ISSUANCE OF THE NOTE TO WHICH THIS PRICING SUPPLEMENT
RELATES WILL BE USED TO FINANCE BANPONCE CORPORATION SUBSIDIARIES.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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