<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENT OF BANPONCE CORPORATION FOR THE YEAR ENDED DECEMBER
31, 1994, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-START>                             JAN-01-1994
<PERIOD-END>                               DEC-31-1994
<EXCHANGE-RATE>                                  1,000
<CASH>                                         442,316
<INT-BEARING-DEPOSITS>                             100
<FED-FUNDS-SOLD>                               265,000
<TRADING-ASSETS>                                 1,670
<INVESTMENTS-HELD-FOR-SALE>                    839,226
<INVESTMENTS-CARRYING>                       2,955,911
<INVESTMENTS-MARKET>                         2,886,851
<LOANS>                                      7,771,033
<ALLOWANCE>                                    153,798
<TOTAL-ASSETS>                              12,778,358
<DEPOSITS>                                   9,012,435
<SHORT-TERM>                                 2,011,879
<LIABILITIES-OTHER>                            211,195
<LONG-TERM>                                    489,524
<COMMON>                                             0
<PREFERRED-MANDATORY>                          100,000
<PREFERRED>                                    197,029
<OTHER-SE>                                     705,394
<TOTAL-LIABILITIES-AND-EQUITY>              12,778,358
<INTEREST-LOAN>                                665,031
<INTEREST-INVEST>                              214,611
<INTEREST-OTHER>                                 5,483
<INTEREST-TOTAL>                               885,125
<INTEREST-DEPOSIT>                             247,726
<INTEREST-EXPENSE>                             351,633
<INTEREST-INCOME-NET>                          533,492
<LOAN-LOSSES>                                   53,788
<SECURITIES-GAINS>                                 224
<EXPENSE-OTHER>                                447,846
<INCOME-PRETAX>                                175,177
<INCOME-PRE-EXTRAORDINARY>                     175,177
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   124,749
<EPS-PRIMARY>                                    $3.67
<EPS-DILUTED>                                        0
<YIELD-ACTUAL>                                    4.68
<LOANS-NON>                                    107,635
<LOANS-PAST>                                    15,012
<LOANS-TROUBLED>                                 2,982
<LOANS-PROBLEM>                                119,564
<ALLOWANCE-OPEN>                               133,437
<CHARGE-OFFS>                                   66,944
<RECOVERIES>                                    30,044
<ALLOWANCE-CLOSE>                              153,798
<ALLOWANCE-DOMESTIC>                           152,927
<ALLOWANCE-FOREIGN>                                871
<ALLOWANCE-UNALLOCATED>                              0