1 Filed pursuant to Rule 424(b)(2) Registration No. 33-61601-01 Pricing Supplement, dated March 25, 1996 to Prospectus dated September 27, 1995 and Prospectus Supplement dated October 6, 1995 BANPONCE FINANCIAL MEDIUM-TERM 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 PRINCIPAL AMOUNT....................................... U.S. $15,000,000.00 ORIGINAL ISSUE DATE.................................... March 25, 1996 MATURITY DATE ......................................... March 26, 2001 GLOBAL NOTE............................................ Yes INITIAL INTEREST RATE.................................. 6.66% 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. The proceeds from the issuance of the Note to which this Pricing Supplement relates will be used to finance Equity One, Inc.