LIMITED POWER OF ATTORNEY
FOR
SECTION 16 REPORTING OBLIGATIONS


	KNOW ALL MEN BY THESE PRESENTS, that the undersigned, Ganesh
Kumar, hereby appoints Hugh Gonzalez, Ricardo Colon-Rios, Alfonso
Cuesta and Nilda M. Vazquez-Rodriguez, or either of them acting
singly, to be my true and lawful attorney-in-fact, for me and in my
name, place, and stead, to prepare, execute, acknowledge, deliver and
file Forms 3, 4, and 5 and amendments thereto with respect to
securities of OFG Bancorp (the ?Company?), required to be filed with
the Securities and Exchange Commission, national securities
exchanges, and  the Company in accordance with Section 16(a) of the
Securities Exchange Act of 1934 and the rules and regulations
thereunder, granting unto said attorneys-in-fact full power and
authority to perform all acts necessary to be done to complete such
purposes.

	The undersigned acknowledges that the foregoing attorneys-in-
fact, in serving in such capacity and on the behalf of the
undersigned, are not assuming nor is the Company assuming, any of the
undersigned?s responsibilities to comply with, or any liability for
the failure to comply with, any provision of Section 16 of the
Securities Exchange Act. The undersigned agrees that the attorneys-
in-fact herein, may rely entirely on information furnished orally or
in writing by the undersigned, my brokers, the Company or any
employee, officer or representative of the Company or any of its
subsidiaries to such attorneys-in-fact. The undersigned also agrees
to indemnify and hold harmless the Company and the attorneys-in-fact
against any losses, claims, damages, or liabilities, (or actions in
these respects) that arise out of or are based upon any untrue
statement or omission of necessary facts in the information provided
by the undersigned to the attorneys-in-fact for purposes of
executing, acknowledging, delivering or filing Forms 3, 4 or 5
(including amendments thereto) and agrees to reimburse the Company
and the attorneys-in-fact herein for any legal or other expenses
reasonably incurred in connection with investigating or defending
against any such loss, claim, damage, liability or action.

      This Limited Power of Attorney shall remain in full force and
effect until the undersigned is no longer required to file Forms 3, 4
or 5 with respect to the undersigned?s holdings of and transactions
in securities issued by the Company, unless earlier revoked by the
undersigned in a signed writing delivered to each of the foregoing
attorneys-in-fact. For the avoidance of doubt, the validity of this
Power of Attorney shall not be affected in any manner by reason of
the execution, at any time, of other powers of attorney by the
undersigned in favor of persons other than those named herein.

	IN WITNESS WHEREOF, the undersigned has executed this Limited
Power of Attorney as of this 29 day of June 2022.

							Signed and acknowledged:


							/s/ Ganesh Kumar
							____________________________
							Signature
							Ganesh Kumar