1
EXHIBIT 23.1
Consent of Independent Registered
Public Accounting Firm
The Board of Directors
OFG Bancorp:
We consent to the incorporation by reference in the registration
statement (No. 333-191603, 333-170064,
333-147727, 333-102696,
333-57052, and 333-84473) on Forms
S-8 of OFG Bancorp and
subsidiaries (the Company) of
our reports dated February
26, 2021,
with respect to the consolidated statements
of financial condition of the Company
as of December 31, 2020 and 2019,
the related
consolidated statements of operations,
comprehensive income, changes
in stockholders’ equity, and cash flows for each of
the years in
the three-year period ended December
31, 2020, and the related
notes, and the effectiveness of
internal control over financial
reporting
as of December 31, 2020, which reports
appear in the December 31, 2020 annual
report on Form 10-K of the
Company.
Our report on the consolidated
financial statements refers to a change
to the Company’s method of accounting for the
recognition and
measurement of credit losses as of
January 1, 2020 due to the adoption of
ASC Topic 326,
Financial Instruments – Credit Losses
/s/ KPMG LLP
San Juan, Puerto Rico