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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LDYq+YunI++h2nrW/oV5mojCRtFAwKkHlL9kboI31KNRpE0ZJ0yUKw3CKLgM4ZD/
 97oMW7RUkn2W0fz+JtSzmw==

<SEC-DOCUMENT>0000950144-96-000692.txt : 19960229
<SEC-HEADER>0000950144-96-000692.hdr.sgml : 19960229
ACCESSION NUMBER:		0000950144-96-000692
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19960227
SROS:			NASD

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANPONCE FINANCIAL CORP
		CENTRAL INDEX KEY:			0000877337
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				660476353
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B2
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-61601-01
		FILM NUMBER:		96526434

	BUSINESS ADDRESS:	
		STREET 1:		C/O CT 1209 ORANGE ST
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19801
		BUSINESS PHONE:		8097659800

	MAIL ADDRESS:	
		STREET 1:		C/O SULLIVAN & CROMWELL
		STREET 2:		125 BROAD ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10004
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B2
<SEQUENCE>1
<DESCRIPTION>BANPONCE FINANCIAL CORPORATION 424B2
<TEXT>

<PAGE>   1
                 PRICING SUPPLEMENT, DATED FEBRUARY 26, 1996
                  TO PROSPECTUS DATED SEPTEMBER 27, 1995 AND
                 PROSPECTUS SUPPLEMENT DATED OCTOBER 6, 1995

                           BANPONCE FINANCIAL CORP.
                                      
                         MEDIUM-TERM NOTES, SERIES C
                                      
             DUE FROM NINE MONTHS TO 30 YEARS FROM DATE OF ISSUE

             PAYMENT OF PRINCIPAL, PREMIUM, IF ANY, AND INTEREST

              UNCONDITIONALLY GUARANTEED BY BANPONCE CORPORATION

<TABLE>
<S>                                          <C>
PRINCIPAL AMOUNT. . . . . . . . . . . . . .  U.S. $400,000.00

ORIGINAL ISSUE DATE . . . . . . . . . . . .  February  28, 1996

MATURITY DATE . . . . . . . . . . . . . . .  March 2, 1998

GLOBAL NOTE . . . . . . . . . . . . . . . .  Yes

INITIAL INTEREST RATE . . . . . . . . . . .  5.40%

INTEREST RATE BASIS . . . . . . . . . . . .  Fixed

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

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

INTEREST PAYMENT PERIOD . . . . . . . . . .  June 15, December 15 and at Maturity Date
</TABLE>

The proceeds from the issuance of the Note to which this Pricing Supplement
relates will be used to finance BanPonce Financial Corp. Subsidiaries.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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