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                   Pricing Supplement, dated April 23, 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. $20,000,000.00

ORIGINAL ISSUE DATE.................................. April 26, 1996

MATURITY DATE ....................................... April 26, 2000

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

INITIAL INTEREST RATE ............................... 6.75%

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 BanPonce Corporation Subsidiaries.