Abu Dhabi-Mubasher: Bank of Sharjah witnessed losses of AED 47.66 million in the fourth quarter of 2015, against profits of AED 13.726 million in the same quarter of 2014, according to the bank’s preliminary results on Monday.

Profits declined 13% in the fiscal year 2015 to AED 250 million from AED 286 million in the fiscal year 2014.