MOL has carried out a focused financial consolidation program that restored INA’s financial health and enabled it to carry out the investment programs necessary for the company’s long-term sustainable growth.

Thanks to MOL’s consolidation program, INA’s net debt decreased from a peak of HRK 11.3 billion (EUR 1.52 billion) in Q3 2010 to HRK 1.6 billion (EUR 215 million) by 2018, while indebtedness (or gearing) ratio decreased from a dangerous 48% in Q3 2010 to a stable 12% in 2018.

As a result of these efforts INA today is in a much stronger financial position and has a significantly better operational efficiency than in 2009.