Cibona's history dates to late autumn of 1945 when Sloboda (Freedom) was founded as a sports society of bank workers, craftsmen, traders, and clerks.

In November 1975, the basketball club split away from the Lokomotiva sports society and came under the direct control of the municipal authorities of the city of Zagreb.

In that regard, the club's main sponsors became four SR Croatia-based food industry giants (all of them state-owned at the time): Kraš, Franck, Badel and Voće.

The Final match was played in Borovo, and Cibona's opponent was mighty Bosna, led by Bogdan Tanjević on the bench, and Mirza Delibašić on the court.

This trophy marked the beginning of Cibona's golden era, influenced by two great basketball players and Hall of Famers – Krešimir Ćosić and Dražen Petrović.

At the beginning of the war in the Former Yugoslavia in 1991, the team was forced to emigrate in order to play their games, and in an area with the minimum guarantees required by FIBA.

The crisis of traditionally powerful Dalmatian clubs Split, Zadar and Šibenik also came in hand and Cibona won 11 national titles in a row (from 1992 to 2002).

In national championship, Cibona won four out of five recent league titles but this dominance is seriously put on test by the rise of large company backed Cedevita.

In the 2013–14 season, under head coach Slaven Rimac, Cibona won the ABA League championship, despite huge financial problems the club was facing.

[4] Total titles: 48 Winners (2): 2012, 2013 The following table shows the records from the season 1990–91 in all competitions: Note: Flags indicate national team eligibility at FIBA-sanctioned events.