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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 dm+BaGFh7FlfKKf/yL6Hgw==

<SEC-DOCUMENT>0000950144-97-001944.txt : 19970303
<SEC-HEADER>0000950144-97-001944.hdr.sgml : 19970303
ACCESSION NUMBER:		0000950144-97-001944
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19970228
SROS:			NASD

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANPONCE CORP
		CENTRAL INDEX KEY:			0000763901
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				660416582
		STATE OF INCORPORATION:			PR
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-61601
		FILM NUMBER:		97547810

	BUSINESS ADDRESS:	
		STREET 1:		209 MUNOZ RIVERA AVE
		STREET 2:		POPULAR CENTER BUILDING
		CITY:			HATO REY
		STATE:			PR
		ZIP:			00918
		BUSINESS PHONE:		8097659800

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 362708
		CITY:			SAN JUAN
		STATE:			PR
		ZIP:			00936-2708
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<DESCRIPTION>BANPONCE CORP 424B3
<TEXT>

<PAGE>   1
                                              Filed Pursuant to Rule 424(b)(3)
                                              Registration No. 33-61601


                 Pricing Supplement, dated February 27, 1997
                to Prospectus Supplement dated October 6, 1995
                    to Prospectus dated September 27, 1995
                                      
                             BANPONCE CORPORATION
                         Medium-Term Notes, Series 2
             Due From Nine Months to 30 Years From Date of Issue



PRINCIPAL AMOUNT . . . . . . . . . . . . . . . .  $25,000,000.00

ORIGINAL ISSUE DATE. . . . . . . . . . . . . . .  March 4, 1997

MATURITY DATE. . . . . . . . . . . . . . . . . .  March 5, 2001

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

INITIAL INTEREST RATE. . . . . . . . . . . . . .  6.665%

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
                                                  maturity.  (First interest 
                                                  payment 06/15/97).


The proceeds from the issuance of the Note to which this Pricing Supplement
relates will be used to finance BanPonce Corporation subsidiaries.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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