On 2 February 1998, Pamesa Valencia won its first Spanish national title, after beating Pinturas Bruguer Badalona, by a score of 89–75, in the final of the 1998 Copa del Rey, which was played in Valladolid. One year later, on 13 April 1999, the club played in the final of the 1998–99 FIBA Saporta Cup, but was defeated by Benetton Treviso, 64–60, in the final played in Zaragoza. Three years later, the club repeated the same success, but Montepaschi Siena won the final of the 2001–02 FIBA Saporta Cup, by a score of 81–71, in Lyon, France.