1998-99 was Islas Canarias' most successful season to date with the club winning the Ronchetti Cup, the national Cup and being the national championship's runner-up. The following year the team won its second cup and again reached the Ronchetti Cup's final, and in 2003 it played its third European final, in the new EuroCup.
The team declined in subsequent seasons, with two 6th spots as its best domestic results. Nonetheless, it has remained a regular in the EuroCup.[2]