At the beginning, the author draws attention to some controversial elements contained in the article by Peter Hofmann, who understands the Bible as the 'First Theology' in too narrow a sense. In the next part, the canonical approach of Brevard Childs, who concentrates on the final form of the text, is confronted with the canonical criticism presented by James Sanders. Then, the stages of the Biblical text generation and the formation of a canon, its functioning in different believers' communities, and its adaptation to new condition are discussed. Following Sanders' view, the author of the article outlines the Bible's communicative hermeneutics as a result of different processes of communication, transmission, reception and real usage of the Holy Scripture in the Church and by the Church. The main role among these processes is played by narration and a memorization. The author presents the basic 'acts of speech' which occur in faith. It includes communicative activities of narrating about the creative and salutary acts of God and the memorization of Jesus' story, as well as the testimonies of His life, Passion and Resurrection, which originate from missionaries', deacons' and prophets' needs. These acts of faith have become the acts of common faith, constituent parts of liturgy and kerygma about Divine Love and Mercy.The last part of the article presents remarks on communicative and critical theology.