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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.