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It is known that English is the language of international business and economics. Every second term in the field of finance is in English. It is not surprising that without English is impossible to achieve success in banking.

Good English for specialists in the field of economics and finance is one of the conditions for successful work and career growth. Russian business is increasingly integrated into the world economy, and knowledge of a foreign language, at least one, is becoming the same basic skill as the ability to work on a computer. Companies want to hire employees who speak a foreign language and are able to translate documentation.

However, knowledge of a foreign language is often insufficient for free orientation in business and professional information, for effective communication with foreign specialists in the field of economics and finance. In the context of the globalization of the economy, a foreign language, especially English, is becoming an important information product, it helps to objectively assess the situation in the world economy, develop a strategy for increasing the efficiency of the economy for your enterprise.

Specialists in the field of economics and finance need a foreign language to study theory and practice of foreign economic activity, international business, to know a dictionary of economic terms, to have more knowledge in the field of economic science (all modern textbooks are written mainly in English), to read special literature and materials with the extraction of the necessary information, to study large amounts of information in a foreign language, to communicate with colleagues both in Russia and abroad, for business correspondence, documentation, for intercultural communication, broadening of horizons, rapprochement of cultures of different peoples.

Moreover, there are many specialties and specializations of higher education in the field of economics and finance, training for which an increased level of teaching foreign languages ​​is required.

In conclusion, it should be noted that motivating bank employees through professional development, learning something new can also be a useful tool for increasing the loyalty and productivity of employees in the financial sector.