LIMITED POWER OF ATTORNEY
FOR
SECTION 16 REPORTING OBLIGATIONS


	KNOW ALL MEN BY THESE PRESENTS, that the undersigned,
Patrick J. Haggarty-Phillips a/k/a Patrick J. Haggarty, 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 26 day of January 2023.

      Signed and acknowledged:


      /s/ Patrick J. Haggarty
      ____________________________
      Signature
      Patrick J. Haggarty-Phillips a/k/a
      Patrick J. Haggarty