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                      CONSENT OF INDEPENDENT ACCOUNTANTS


March 31, 1995

To the Board of Directors
BanPonce Corporation

            We consent to the incorporation by reference in this
Registration Statement on Form S-8 of our report dated January 27, 1995,
which appears on page F-32 of the Financial Data of BanPonce Corporation's
Form 10-K for the year ended December 31, 1994.




                                          /s/ PRICE WATERHOUSE

                                          Price Waterhouse 


San Juan, Puerto Rico
March 31, 1995