In 2022 Bank of Cyprus renewed its partnership with the Cyprus Institute of Marketing (CIM) and offered scholarships to CIM students. It also collaborated with Neapolis University Paphos, where it offered two partial scholarships to selected students. Funraising Cyprus is a voluntary charity organisation that supports families with severe financial problems in the Limassol area. During the academic year 2021-22, the Bank contributed to the Funraising Morfosi Scholarship Fund, supporting 23 university students with scholarships. In addition, the Bank provided awards to students with outstanding performance at the Open University Cyprus and the Mediterranean Institute of Management.