<?xml version="1.0" encoding="UTF-8"?>
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrldt="http://xbrl.org/2005/xbrldt">
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_GainsLossesOnInvestingActivities" xlink:label="GainsLossesOnInvestingActivities"/>
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnInvestingActivities_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_GainsLossesOnInvestingActivities_001">(Zyski) straty z działalności inwestycyjnej</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnInvestingActivities" xlink:to="label_GainsLossesOnInvestingActivities_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_DebtSecuritiesMeasuredAtAmortisedCost" xlink:label="DebtSecuritiesMeasuredAtAmortisedCost"/>
    <link:label xlink:type="resource" xlink:label="label_DebtSecuritiesMeasuredAtAmortisedCost_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_DebtSecuritiesMeasuredAtAmortisedCost_001">Dłużne papiery wartościowe wyceniane w zamortyzowanym koszcie</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtSecuritiesMeasuredAtAmortisedCost" xlink:to="label_DebtSecuritiesMeasuredAtAmortisedCost_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_FinancialLiabilitiesHeldForTradingAndHedgingDerivatives" xlink:label="FinancialLiabilitiesHeldForTradingAndHedgingDerivatives"/>
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilitiesHeldForTradingAndHedgingDerivatives_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_FinancialLiabilitiesHeldForTradingAndHedgingDerivatives_001">Zobowiązania finansowe przeznaczone do obrotu oraz instrumenty pochodne zabezpieczające</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesHeldForTradingAndHedgingDerivatives" xlink:to="label_FinancialLiabilitiesHeldForTradingAndHedgingDerivatives_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_ChangesInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:label="ChangesInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome"/>
    <link:label xlink:type="resource" xlink:label="label_ChangesInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_ChangesInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome_001">Zmiana stanu aktywów finansowych wycenianych w wartości godziwej przez pozostałe dochody całkowite</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:to="label_ChangesInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_AdjustmentsForIncreaseDecreaseInAmountsDueToLeaseLibilities" xlink:label="AdjustmentsForIncreaseDecreaseInAmountsDueToLeaseLibilities"/>
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForIncreaseDecreaseInAmountsDueToLeaseLibilities_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_AdjustmentsForIncreaseDecreaseInAmountsDueToLeaseLibilities_001">Zmiana stanu zobowiązań z tytułu leasingu</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncreaseDecreaseInAmountsDueToLeaseLibilities" xlink:to="label_AdjustmentsForIncreaseDecreaseInAmountsDueToLeaseLibilities_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_AdjustmentsForIncreaseDecreaseInAmountsDueToBanksMeasuredAtAmortisedCost" xlink:label="AdjustmentsForIncreaseDecreaseInAmountsDueToBanksMeasuredAtAmortisedCost"/>
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForIncreaseDecreaseInAmountsDueToBanksMeasuredAtAmortisedCost_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_AdjustmentsForIncreaseDecreaseInAmountsDueToBanksMeasuredAtAmortisedCost_001">Zmiana stanu zobowiązań wobec banków wycenianych w zamortyzowanym koszcie</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncreaseDecreaseInAmountsDueToBanksMeasuredAtAmortisedCost" xlink:to="label_AdjustmentsForIncreaseDecreaseInAmountsDueToBanksMeasuredAtAmortisedCost_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluationOfInvestmentProperties" xlink:label="OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluationOfInvestmentProperties"/>
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluationOfInvestmentProperties_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluationOfInvestmentProperties_001">Inne całkowite dochody, po opodatkowaniu, zyski (straty) z tytułu przeszacowania nieruchomości inwestycyjnych</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluationOfInvestmentProperties" xlink:to="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluationOfInvestmentProperties_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_ShareCapital" xlink:label="ShareCapital"/>
    <link:label xlink:type="resource" xlink:label="label_ShareCapital_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_ShareCapital_001">Kapitał podstawowy</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareCapital" xlink:to="label_ShareCapital_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_AmountsDueToBanksMeasuredAtAmortisedCost" xlink:label="AmountsDueToBanksMeasuredAtAmortisedCost"/>
    <link:label xlink:type="resource" xlink:label="label_AmountsDueToBanksMeasuredAtAmortisedCost_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_AmountsDueToBanksMeasuredAtAmortisedCost_001">Zobowiązania finansowe wobec banków wyceniane w zamortyzowanym koszcie</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsDueToBanksMeasuredAtAmortisedCost" xlink:to="label_AmountsDueToBanksMeasuredAtAmortisedCost_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_AdjustmentsForIncreaseDecreaseInAmountsDueToCustomersMeasuredAtAmortisedCost" xlink:label="AdjustmentsForIncreaseDecreaseInAmountsDueToCustomersMeasuredAtAmortisedCost"/>
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForIncreaseDecreaseInAmountsDueToCustomersMeasuredAtAmortisedCost_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_AdjustmentsForIncreaseDecreaseInAmountsDueToCustomersMeasuredAtAmortisedCost_001">Zmiana stanu zobowiązań wobec klientów wycenianych w zamortyzowanym koszcie</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncreaseDecreaseInAmountsDueToCustomersMeasuredAtAmortisedCost" xlink:to="label_AdjustmentsForIncreaseDecreaseInAmountsDueToCustomersMeasuredAtAmortisedCost_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_DebtSecuritiesMandatorilyMeasuredAtFairValue" xlink:label="DebtSecuritiesMandatorilyMeasuredAtFairValue"/>
    <link:label xlink:type="resource" xlink:label="label_DebtSecuritiesMandatorilyMeasuredAtFairValue_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_DebtSecuritiesMandatorilyMeasuredAtFairValue_001">Dłużne papiery wartościowe wyceniane obowiązkowo w wartości godziwej przez wynik finansowy</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtSecuritiesMandatorilyMeasuredAtFairValue" xlink:to="label_DebtSecuritiesMandatorilyMeasuredAtFairValue_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_ChangesOfNonTradingSecuritiesMandatorilyAtFairValueThroughProfitOrLoss" xlink:label="ChangesOfNonTradingSecuritiesMandatorilyAtFairValueThroughProfitOrLoss"/>
    <link:label xlink:type="resource" xlink:label="label_ChangesOfNonTradingSecuritiesMandatorilyAtFairValueThroughProfitOrLoss_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_ChangesOfNonTradingSecuritiesMandatorilyAtFairValueThroughProfitOrLoss_001">Zmiana stanu papierów wartościowych nieprzeznaczonych do obrotu wycenianych obowiązkowo przez wynik finansowy</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesOfNonTradingSecuritiesMandatorilyAtFairValueThroughProfitOrLoss" xlink:to="label_ChangesOfNonTradingSecuritiesMandatorilyAtFairValueThroughProfitOrLoss_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_GainsLossesArisingFromDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLoss" xlink:label="GainsLossesArisingFromDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLoss"/>
    <link:label xlink:type="resource" xlink:label="label_GainsLossesArisingFromDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLoss_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_GainsLossesArisingFromDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLoss_001">Zyski lub straty z tytułu zaprzestania ujmowania aktywów oraz zobowiązań finansowych niewycenianych w wartości godziwej przez wynik finansowy</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesArisingFromDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLoss" xlink:to="label_GainsLossesArisingFromDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLoss_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_ChangesInSecuritiesAtAmortisedCost" xlink:label="ChangesInSecuritiesAtAmortisedCost"/>
    <link:label xlink:type="resource" xlink:label="label_ChangesInSecuritiesAtAmortisedCost_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_ChangesInSecuritiesAtAmortisedCost_001">Zmiana stanu papierów wartościowych wycenianych w zamortyzowanym koszcie</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInSecuritiesAtAmortisedCost" xlink:to="label_ChangesInSecuritiesAtAmortisedCost_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_CostOfLegalRiskRelatedToForeignCurrencyLoans" xlink:label="CostOfLegalRiskRelatedToForeignCurrencyLoans"/>
    <link:label xlink:type="resource" xlink:label="label_CostOfLegalRiskRelatedToForeignCurrencyLoans_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_CostOfLegalRiskRelatedToForeignCurrencyLoans_001">Koszty ryzyka prawnego związanego z kredytami walutowymi</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfLegalRiskRelatedToForeignCurrencyLoans" xlink:to="label_CostOfLegalRiskRelatedToForeignCurrencyLoans_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_RepaymentsOfLoansAndAdvancesFromBanks" xlink:label="RepaymentsOfLoansAndAdvancesFromBanks"/>
    <link:label xlink:type="resource" xlink:label="label_RepaymentsOfLoansAndAdvancesFromBanks_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_RepaymentsOfLoansAndAdvancesFromBanks_001">Spłaty kredytów i pożyczek otrzymanych od banków</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepaymentsOfLoansAndAdvancesFromBanks" xlink:to="label_RepaymentsOfLoansAndAdvancesFromBanks_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_LoansAndAdvancesToCustomersMeasuredAtAmortisedCost" xlink:label="LoansAndAdvancesToCustomersMeasuredAtAmortisedCost"/>
    <link:label xlink:type="resource" xlink:label="label_LoansAndAdvancesToCustomersMeasuredAtAmortisedCost_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_LoansAndAdvancesToCustomersMeasuredAtAmortisedCost_001">Kredyty i pożyczki udzielone klientom wyceniane w zamortyzowanym koszcie</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndAdvancesToCustomersMeasuredAtAmortisedCost" xlink:to="label_LoansAndAdvancesToCustomersMeasuredAtAmortisedCost_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_ChangesInIssuedDebtSecurities" xlink:label="ChangesInIssuedDebtSecurities"/>
    <link:label xlink:type="resource" xlink:label="label_ChangesInIssuedDebtSecurities_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_ChangesInIssuedDebtSecurities_001">Zmiana stanu zobowiązań z tytułu emisji dłużnych papierów wartościowych</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInIssuedDebtSecurities" xlink:to="label_ChangesInIssuedDebtSecurities_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_FinancialAssetsHeldForTradingAndHedgingDerivatives" xlink:label="FinancialAssetsHeldForTradingAndHedgingDerivatives"/>
    <link:label xlink:type="resource" xlink:label="label_FinancialAssetsHeldForTradingAndHedgingDerivatives_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_FinancialAssetsHeldForTradingAndHedgingDerivatives_001">Aktywa finansowe przeznaczone do obrotu oraz instrumenty pochodne zabezpieczające</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsHeldForTradingAndHedgingDerivatives" xlink:to="label_FinancialAssetsHeldForTradingAndHedgingDerivatives_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_SharebasedPaymentTransactionsValueOfServicesProvidedByEmployees" xlink:label="SharebasedPaymentTransactionsValueOfServicesProvidedByEmployees"/>
    <link:label xlink:type="resource" xlink:label="label_SharebasedPaymentTransactionsValueOfServicesProvidedByEmployees_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_SharebasedPaymentTransactionsValueOfServicesProvidedByEmployees_001">Program opcji - Wartość usług świadczonych przez pracowników</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharebasedPaymentTransactionsValueOfServicesProvidedByEmployees" xlink:to="label_SharebasedPaymentTransactionsValueOfServicesProvidedByEmployees_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_ChangesInFinancialAssetsAndLiabilitiesHeldForTradingAndHedgingDerivatives" xlink:label="ChangesInFinancialAssetsAndLiabilitiesHeldForTradingAndHedgingDerivatives"/>
    <link:label xlink:type="resource" xlink:label="label_ChangesInFinancialAssetsAndLiabilitiesHeldForTradingAndHedgingDerivatives_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_ChangesInFinancialAssetsAndLiabilitiesHeldForTradingAndHedgingDerivatives_001">Zmiana stanu aktywów i zobowiązań finansowych przeznaczonych do obrotu oraz pochodnych instrumentów zabezpieczających</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInFinancialAssetsAndLiabilitiesHeldForTradingAndHedgingDerivatives" xlink:to="label_ChangesInFinancialAssetsAndLiabilitiesHeldForTradingAndHedgingDerivatives_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_SharebasedPaymentTransactionsSettlementOfExercisedOptions" xlink:label="SharebasedPaymentTransactionsSettlementOfExercisedOptions"/>
    <link:label xlink:type="resource" xlink:label="label_SharebasedPaymentTransactionsSettlementOfExercisedOptions_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_SharebasedPaymentTransactionsSettlementOfExercisedOptions_001">Program opcji - Rozliczenie zrealizowanych opcji pracowniczych</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharebasedPaymentTransactionsSettlementOfExercisedOptions" xlink:to="label_SharebasedPaymentTransactionsSettlementOfExercisedOptions_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_AmountsDueToCustomersMeasuredAtAmortisedCost" xlink:label="AmountsDueToCustomersMeasuredAtAmortisedCost"/>
    <link:label xlink:type="resource" xlink:label="label_AmountsDueToCustomersMeasuredAtAmortisedCost_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_AmountsDueToCustomersMeasuredAtAmortisedCost_001">Zobowiązania finansowe wobec klientów wyceniane w zamortyzowanym koszcie</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsDueToCustomersMeasuredAtAmortisedCost" xlink:to="label_AmountsDueToCustomersMeasuredAtAmortisedCost_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_GainsLossesOnNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss" xlink:label="GainsLossesOnNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss"/>
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_GainsLossesOnNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_001">Zyski lub straty z tytułu aktywów finansowych nieprzeznaczonych do obrotu obowiązkowo wycenianych w wartości godziwej przez wynik finansowy</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss" xlink:to="label_GainsLossesOnNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_IncomeSimilarToInterestOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:label="IncomeSimilarToInterestOnFinancialAssetsAtFairValueThroughProfitOrLoss"/>
    <link:label xlink:type="resource" xlink:label="label_IncomeSimilarToInterestOnFinancialAssetsAtFairValueThroughProfitOrLoss_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_IncomeSimilarToInterestOnFinancialAssetsAtFairValueThroughProfitOrLoss_001">Przychody o charakterze zbliżonym do odsetek od aktywów finansowych wycenianych w wartości godziwej przez wynik finansowy</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeSimilarToInterestOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="label_IncomeSimilarToInterestOnFinancialAssetsAtFairValueThroughProfitOrLoss_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_EquityInstrumentsMandatorilyMeasuredAtFairValue" xlink:label="EquityInstrumentsMandatorilyMeasuredAtFairValue"/>
    <link:label xlink:type="resource" xlink:label="label_EquityInstrumentsMandatorilyMeasuredAtFairValue_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_EquityInstrumentsMandatorilyMeasuredAtFairValue_001">Kapitałowe papiery wartościowe wyceniane obowiązkowo w wartości godziwej przez wynik finansowy</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityInstrumentsMandatorilyMeasuredAtFairValue" xlink:to="label_EquityInstrumentsMandatorilyMeasuredAtFairValue_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_NetTradingIncomeExpense" xlink:label="NetTradingIncomeExpense"/>
    <link:label xlink:type="resource" xlink:label="label_NetTradingIncomeExpense_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_NetTradingIncomeExpense_001">Wynik na działalności handlowej</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetTradingIncomeExpense" xlink:to="label_NetTradingIncomeExpense_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_LoansAndAdvancesToCustomersMandatorilyMeasuredAtFairValue" xlink:label="LoansAndAdvancesToCustomersMandatorilyMeasuredAtFairValue"/>
    <link:label xlink:type="resource" xlink:label="label_LoansAndAdvancesToCustomersMandatorilyMeasuredAtFairValue_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_LoansAndAdvancesToCustomersMandatorilyMeasuredAtFairValue_001">Kredyty i pożyczki udzielone klientom wyceniane obowiązkowo w wartości godziwej przez wynik finansowy</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndAdvancesToCustomersMandatorilyMeasuredAtFairValue" xlink:to="label_LoansAndAdvancesToCustomersMandatorilyMeasuredAtFairValue_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_PropertyPlantAndEquipmentAndRightOfUse" xlink:label="PropertyPlantAndEquipmentAndRightOfUse"/>
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentAndRightOfUse_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_PropertyPlantAndEquipmentAndRightOfUse_001">Rzeczowe aktywa trwałe i prawa do użytkowania</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentAndRightOfUse" xlink:to="label_PropertyPlantAndEquipmentAndRightOfUse_001"/>
    <link:loc xlink:type="locator" xlink:href="259400DZXF7UJKK2AY35-2022-12-31.xsd#mBank_StatementOfChangesInEquityAbstractTable001" xlink:label="StatementOfChangesInEquityAbstractTable001"/>
    <link:label xlink:type="resource" xlink:label="label_StatementOfChangesInEquityAbstractTable001_001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="pl" id="label_StatementOfChangesInEquityAbstractTable001_001">Statement Of Changes In Equity Abstract Table001</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfChangesInEquityAbstractTable001" xlink:to="label_StatementOfChangesInEquityAbstractTable001_001"/>
  </link:labelLink>
</link:linkbase>
