BANPONCE CORP, 424B3, 1997-03-13

BANPONCE CORP
424B3, 1997-03-13
STATE COMMERCIAL BANKS

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




                   PRICING SUPPLEMENT, DATED MARCH 13, 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


<TABLE>
<S>                                                     <C>
PRINCIPAL AMOUNT.....................................   $750,000.00

ORIGINAL ISSUE DATE..................................   March 17, 1997

MATURITY DATE........................................   March 17, 1999

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

INITIAL INTEREST RATE................................   6.36%

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.
</TABLE>

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