Baloncesto Rivas was founded in 1988 as CD Covíbar but the women's basketball team didn't play until 1993.
Rivas first played in the top category in 2004, but it couldn't avoid relegation. However the team was back for the 2007 season and rose into the championship's top places, attaining 3rd (2009, 2010) and 4th (2011) spots. These results earned Rivas qualification for the Euroleague, where it reached the Round of 16 in 2010 and 2011. In 2011 it won the Copa de la Reina, its first national title.
Three years later, in 2015, the club resigns to continue playing in Liga Femenina and came back to the second division. On 17 July 2017, the club decided to dissolve definitively the senior team due to the lack of sponsorship, thus competing only with the youth teams.[1]