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                   Pricing Supplement, dated April 17, 1996
                  to Prospectus dated September 27, 1995 and
                 Prospectus Supplement dated October 6, 1995


                             BANPONCE CORPORATION

                             MEDIUM-TERM SERIES 2

             Due From Nine Months to 30 Years From Date of Issue

             Payment of Principal, Premium, if any, and Interest




                                                         
PRINCIPAL AMOUNT. . . . . . . . . . . . . . . . . . . . . . U.S. $30,000,000.00

ORIGINAL ISSUE DATE . . . . . . . . . . . . . . . . . . . . April 22, 1996

MATURITY DATE   . . . . . . . . . . . . . . . . . . . . . . April 22, 1999

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

INITIAL INTEREST RATE . . . . . . . . . . . . . . . . . . . 6.56%

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

INDEX MATURITY  . . . . . . . . . . . . . . . . . . . . . . N/A

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

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

INTEREST PAYMENT PERIOD . . . . . . . . . . . . . . . . . . Semi-Annually:
                                                            June 15 and December 15.



The proceeds from the issuance of the Note to which this Pricing Supplement
relates will be used to finance BanPonce Corporation subsidiaries.