In 2012, its arena Fernando Buesa Arena was expanded to 15,504 seats and the many initiatives the club continues to put into practice show that Baskonia is always moving forward. The club reached the EuroLeague Playoffs in 2011 and 2012 and reached the Top 16 14 times in 15 years. In 2016, Baskonia returned the EuroLeague Final Four for the first time in eight years, as the club made it to the 2016 Final Four. Here the team was defeated after overtime in the semi-final by Fenerbahçe. In the third place game, Baskonia lost to Russian side Lokomotiv Kuban.