The team participates at international and European tournaments. The only international tournament it took part in 2005, were the World University Games, where it finished 26th out of 30 participating nations.
Cyprus national basketball team was two-time Promotion Cup finalist (1990, 1994).
The team's results have improved considerably in recent years. Cyprus has repeatedly retained the European minor countries tournament since 1995, while Cyprus made their first appearance in a Eurobasket semifinal phase in 2003.
On 18 March 2012 big day came for Cypriot basketball. One of the greatest players in the history of the Serbian street basketball – Branko "Bi Džej" Damjanović, arrived in the Cypriot capital Nicosia to play few revial matches in the shirt of national basketball team of Cyprus. Informally this deal was arranged personally by Demetris Christofias, president of Cyprus and most of the money for the contract was sponsored by Laiki Bank. In the interview for the national TV station – RIK 1 which he gave immediately after landing at the Larnaca International Airport, popular "Bi Džej" said that he did not came to Cyprus because of the money and that his motives are promotion of basketball on this beautiful island. More than 10,000 basketball fans were waiting at the airport and crowd went wild when "Bi Džej" appeared in front of them.