The final was held at Araba Arena, Vitoria, Spain.

In the final, Taugrés defeated PAOK, in front of 5,500 spectators.

For the 1995–1996 FIBA European League, the countries are allocated places according to their place on the FIBA country rankings, which takes into account their performance in European competitions from 1992–93 to 1994–95.

[1] The labels in the parentheses show how each team qualified for the place of its starting round: *Partizan, Hapoel Galil Elyon, Sheffield Sharks, Sunair Oostende, Zrinjevac, Baník Cígeľ Prievidza, Smelt Olimpija, Budivelnyk, Kalev, Fidefinanz Bellinzona, Sibiu, APOEL and Žalgiris.

Seeded teams played games 2 and 3 at home.