# Commemoration of Minos Zombanakis

> Developing situation record from CLSTR: https://clstr.news/situations/commemoration-of-minos-zombanakis
> Updated: 2026-10-12T11:22:56.000Z. Sources: 11. Developments: 2.

Greek Prime Minister Kyriakos Mitsotakis attended a commemorative event in Chania organized by the Chrysostomos Philological Society to honor the late economist and international banker Minos Zombanakis.

Speakers at the event, including Mitsotakis and Gikas Hardouvelis, Chairman of the National Bank of Greece, highlighted Zombanakis’s significant influence on global finance. They noted his role in transforming London into a major international financial center and his pioneering work in the late 1960s. 

Specific financial innovations credited to Zombanakis include the development of the market for syndicated loans to distribute credit risk and the introduction of floating interest rates, which served as a precursor to LIBOR. Mitsotakis also praised Zombanakis’s academic journey and his contributions as an advisor to various Greek prime ministers.

## Timeline

### 2026-10-12: Minos Zombanakis honored for transforming global banking

Greek banker Minos Zombanakis is honored for his role in revolutionizing global finance through the creation of syndicated loans and floating interest rates, which helped establish London as a financial hub.

3 sources. https://clstr.news/cluster/minos-zombanakis-honored-for-transforming-global-banking

### 2026-10-10: Kyriakos Mitsotakis honors Mino Zombanakis in Chania

Prime Minister Kyriakos Mitsotakis spoke in Chania at an event honoring the life and legacy of economist Mino Zombanakis, organized by the Chrysostomos Philological Society.

8 sources. https://clstr.news/cluster/kyriakos-mitsotakis-honors-mino-zombanakis-in-chania

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Cite as: Commemoration of Minos Zombanakis. CLSTR, https://clstr.news/situations/commemoration-of-minos-zombanakis