The Importance of Teaching Business English Terminology in the Field of Banking and Finance

The article is devoted to considering the problem of teaching Business English terminology in the field of banking and finance.Employers nowadays anticipate undergraduates to make a prompt and valuable contribution to their workplace by participating effectively and innovatively.With the international market expanding, English is progressively becoming the primary language for communication in the banking industry and a demand for enhanced English communication skills among banking professionals increases across the country.This article is aimed at presenting some ways of teaching and learning Business English for banking and finance at the intermediate level.Our aim is to present the ways of teaching and throw some light on the new and compelling Business English terms, as well as their widespread use.Previous research has revealed that bank employees in the country are encountering difficulties in comprehending various English accents and expressions used in their workplaces.Despite this matter, there is still an inadequate emphasis on English for Business Subjects, particularly regarding its relevance to the banking sector.Given English's status as the language of business and the evolving economic environment, it is necessary to research the current English language requirements in banking to understand the modifications that have taken place in the banks.A needs analysis has been carried out to explore the current English language requirements of banking professionals in Ukraine. 244This study has gathered information about the use of English in their daily communication tasks, as well as the level of proficiency required to perform these tasks.The data was collected and analyzed.As a result, it is suggested that Ukrainian universities review their current curriculum and implement modifications to enhance the Business English language syllabus.