1 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