<link:linkbase
    xmlns:link="http://www.xbrl.org/2003/linkbase"
    xmlns:xlink="http://www.w3.org/1999/xlink"
    >
   <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AccantonamentiNettiAFondiRischiEdOneriEdAltriCostiRicavi" xlink:label="ext_AccantonamentiNettiAFondiRischiEdOneriEdAltriCostiRicavi" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AccantonamentiNettiAFondiRischiEdOneriEdAltriCostiRicavi" xlink:to="ext_AccantonamentiNettiAFondiRischiEdOneriEdAltriCostiRicavi_lbl" xlink:type="arc"/>
      <link:label id="id_9586" xlink:label="ext_AccantonamentiNettiAFondiRischiEdOneriEdAltriCostiRicavi_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Net provisions for risks and charges and other expenses income</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AccantonamentiNettiAiFondiPerRischiEOneri" xlink:label="ext_AccantonamentiNettiAiFondiPerRischiEOneri" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AccantonamentiNettiAiFondiPerRischiEOneri" xlink:to="ext_AccantonamentiNettiAiFondiPerRischiEOneri_lbl" xlink:type="arc"/>
      <link:label id="id_9589" xlink:label="ext_AccantonamentiNettiAiFondiPerRischiEOneri_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Net provisions for risks and charges</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AccantonamentiNettiAiFondiPerRischiEOneriPerAltriAccantonamentiNetti" xlink:label="ext_AccantonamentiNettiAiFondiPerRischiEOneriPerAltriAccantonamentiNetti" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AccantonamentiNettiAiFondiPerRischiEOneriPerAltriAccantonamentiNetti" xlink:to="ext_AccantonamentiNettiAiFondiPerRischiEOneriPerAltriAccantonamentiNetti_lbl" xlink:type="arc"/>
      <link:label id="id_9591" xlink:label="ext_AccantonamentiNettiAiFondiPerRischiEOneriPerAltriAccantonamentiNetti_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Net provisions for risks and charges other net provision</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AccantonamentiNettiAiFondiPerRischiEOneriPerImpegniEGaranzieRilasciate" xlink:label="ext_AccantonamentiNettiAiFondiPerRischiEOneriPerImpegniEGaranzieRilasciate" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AccantonamentiNettiAiFondiPerRischiEOneriPerImpegniEGaranzieRilasciate" xlink:to="ext_AccantonamentiNettiAiFondiPerRischiEOneriPerImpegniEGaranzieRilasciate_lbl" xlink:type="arc"/>
      <link:label id="id_9592" xlink:label="ext_AccantonamentiNettiAiFondiPerRischiEOneriPerImpegniEGaranzieRilasciate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Net provisions for risks and charges commitments and financial guarantees given</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AccontiSuDividendiPatrimonioNetto" xlink:label="ext_AccontiSuDividendiPatrimonioNetto" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AccontiSuDividendiPatrimonioNetto" xlink:to="ext_AccontiSuDividendiPatrimonioNetto_lbl" xlink:type="arc"/>
      <link:label id="id_9595" xlink:label="ext_AccontiSuDividendiPatrimonioNetto_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Interim dividends changes of equity</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AccontiSuDividendiStatoPatrimoniale" xlink:label="ext_AccontiSuDividendiStatoPatrimoniale" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AccontiSuDividendiStatoPatrimoniale" xlink:to="ext_AccontiSuDividendiStatoPatrimoniale_lbl" xlink:type="arc"/>
      <link:label id="id_9597" xlink:label="ext_AccontiSuDividendiStatoPatrimoniale_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Interim dividends financial statement</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AcquistiDiAttivitaMaterialiClassificateComeAttivitaDiInvestimento" xlink:label="ext_AcquistiDiAttivitaMaterialiClassificateComeAttivitaDiInvestimento" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AcquistiDiAttivitaMaterialiClassificateComeAttivitaDiInvestimento" xlink:to="ext_AcquistiDiAttivitaMaterialiClassificateComeAttivitaDiInvestimento_lbl" xlink:type="arc"/>
      <link:label id="id_9599" xlink:label="ext_AcquistiDiAttivitaMaterialiClassificateComeAttivitaDiInvestimento_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Purchase of tangible assets classified as investing activities</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AdeguamentoDiValoreDelleAttivitaFinanziarieOggettoDiCoperturaGenerica" xlink:label="ext_AdeguamentoDiValoreDelleAttivitaFinanziarieOggettoDiCoperturaGenerica" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AdeguamentoDiValoreDelleAttivitaFinanziarieOggettoDiCoperturaGenerica" xlink:to="ext_AdeguamentoDiValoreDelleAttivitaFinanziarieOggettoDiCoperturaGenerica_lbl" xlink:type="arc"/>
      <link:label id="id_9600" xlink:label="ext_AdeguamentoDiValoreDelleAttivitaFinanziarieOggettoDiCoperturaGenerica_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Assets Fair Value Changes Of The Hedged Items In Portfolio Hedge Of Interest Rate Risk</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AdeguamentoDiValoreDellePassivitaFinanziarieOggettoDiCoperturaGenerica" xlink:label="ext_AdeguamentoDiValoreDellePassivitaFinanziarieOggettoDiCoperturaGenerica" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AdeguamentoDiValoreDellePassivitaFinanziarieOggettoDiCoperturaGenerica" xlink:to="ext_AdeguamentoDiValoreDellePassivitaFinanziarieOggettoDiCoperturaGenerica_lbl" xlink:type="arc"/>
      <link:label id="id_9602" xlink:label="ext_AdeguamentoDiValoreDellePassivitaFinanziarieOggettoDiCoperturaGenerica_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Liabilities Fair value changes of the hedged items in portfolio hedge of interest rate risk</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AllocazioneRisultatoEsercizioPrecedenteRiserve" xlink:label="ext_AllocazioneRisultatoEsercizioPrecedenteRiserve" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AllocazioneRisultatoEsercizioPrecedenteRiserve" xlink:to="ext_AllocazioneRisultatoEsercizioPrecedenteRiserve_lbl" xlink:type="arc"/>
      <link:label id="id_9605" xlink:label="ext_AllocazioneRisultatoEsercizioPrecedenteRiserve_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Previous year profit loss allocation Reserves</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AltreRiserve" xlink:label="ext_AltreRiserve" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AltreRiserve" xlink:to="ext_AltreRiserve_lbl" xlink:type="arc"/>
      <link:label id="id_9607" xlink:label="ext_AltreRiserve_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other reserves other</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AltreVariazioni" xlink:label="ext_AltreVariazioni" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AltreVariazioni" xlink:to="ext_AltreVariazioni_lbl" xlink:type="arc"/>
      <link:label id="id_9609" xlink:label="ext_AltreVariazioni_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AltriAfflussiDeflussiDaEmissioniAcquistiDiAzioniProprie" xlink:label="ext_AltriAfflussiDeflussiDaEmissioniAcquistiDiAzioniProprie" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AltriAfflussiDeflussiDaEmissioniAcquistiDiAzioniProprie" xlink:to="ext_AltriAfflussiDeflussiDaEmissioniAcquistiDiAzioniProprie_lbl" xlink:type="arc"/>
      <link:label id="id_9611" xlink:label="ext_AltriAfflussiDeflussiDaEmissioniAcquistiDiAzioniProprie_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other inflows outflows from issue purchase of treasury shares</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AltriAfflussiDeflussiDaEmissioniAcquistiDiStrumentiDiCapitale" xlink:label="ext_AltriAfflussiDeflussiDaEmissioniAcquistiDiStrumentiDiCapitale" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AltriAfflussiDeflussiDaEmissioniAcquistiDiStrumentiDiCapitale" xlink:to="ext_AltriAfflussiDeflussiDaEmissioniAcquistiDiStrumentiDiCapitale_lbl" xlink:type="arc"/>
      <link:label id="id_9613" xlink:label="ext_AltriAfflussiDeflussiDaEmissioniAcquistiDiStrumentiDiCapitale_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other inflows outflows from issue purchase of equity instruments</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AltriAfflussiDeflussiDallaVenditaAcquistoDiControlloDiTerzi" xlink:label="ext_AltriAfflussiDeflussiDallaVenditaAcquistoDiControlloDiTerzi" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AltriAfflussiDeflussiDallaVenditaAcquistoDiControlloDiTerzi" xlink:to="ext_AltriAfflussiDeflussiDallaVenditaAcquistoDiControlloDiTerzi_lbl" xlink:type="arc"/>
      <link:label id="id_9615" xlink:label="ext_AltriAfflussiDeflussiDallaVenditaAcquistoDiControlloDiTerzi_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other inflows outflows from sale purchase of minority control</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AltriFondiPerRischiEOneri" xlink:label="ext_AltriFondiPerRischiEOneri" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AltriFondiPerRischiEOneri" xlink:to="ext_AltriFondiPerRischiEOneri_lbl" xlink:type="arc"/>
      <link:label id="id_9616" xlink:label="ext_AltriFondiPerRischiEOneri_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other provisions for risk and charges</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AltriProventiOneriAssicurativiNonIncassati" xlink:label="ext_AltriProventiOneriAssicurativiNonIncassati" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AltriProventiOneriAssicurativiNonIncassati" xlink:to="ext_AltriProventiOneriAssicurativiNonIncassati_lbl" xlink:type="arc"/>
      <link:label id="id_9618" xlink:label="ext_AltriProventiOneriAssicurativiNonIncassati_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other uncollected insurance income expenses</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39" xlink:label="ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39" xlink:to="ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39_lbl" xlink:type="arc"/>
      <link:label id="id_9620" xlink:label="ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Financial assets pertaining to insurance companies measured at amortised cost pursuant to IAS 39</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39Rendiconto" xlink:label="ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39Rendiconto" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39Rendiconto" xlink:to="ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39Rendiconto_lbl" xlink:type="arc"/>
      <link:label id="id_9623" xlink:label="ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39Rendiconto_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Financial assets pertaining to insurance companies measured at amortised cost pursuant to IAS 39 cash flow</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39" xlink:label="ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39" xlink:to="ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39_lbl" xlink:type="arc"/>
      <link:label id="id_9625" xlink:label="ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Financial assets pertaining to insurance companies measured at fair value pursuant to IAS 39</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39Rendiconto" xlink:label="ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39Rendiconto" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39Rendiconto" xlink:to="ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39Rendiconto_lbl" xlink:type="arc"/>
      <link:label id="id_9627" xlink:label="ext_AttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39Rendiconto_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Financial assets pertaining to insurance companies measured at fair value pursuant to IAS 39 cash flow</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AttivitaFiscali" xlink:label="ext_AttivitaFiscali" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AttivitaFiscali" xlink:to="ext_AttivitaFiscali_lbl" xlink:type="arc"/>
      <link:label id="id_9628" xlink:label="ext_AttivitaFiscali_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Tax Assets</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AttivitaMateriali" xlink:label="ext_AttivitaMateriali" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AttivitaMateriali" xlink:to="ext_AttivitaMateriali_lbl" xlink:type="arc"/>
      <link:label id="id_9630" xlink:label="ext_AttivitaMateriali_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Tangible Assets</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AttivitaNonCorrentiEGruppiDiAttivitaInViaDiDismissioneDaNonRiclassificareAContoEconomico" xlink:label="ext_AttivitaNonCorrentiEGruppiDiAttivitaInViaDiDismissioneDaNonRiclassificareAContoEconomico" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AttivitaNonCorrentiEGruppiDiAttivitaInViaDiDismissioneDaNonRiclassificareAContoEconomico" xlink:to="ext_AttivitaNonCorrentiEGruppiDiAttivitaInViaDiDismissioneDaNonRiclassificareAContoEconomico_lbl" xlink:type="arc"/>
      <link:label id="id_9632" xlink:label="ext_AttivitaNonCorrentiEGruppiDiAttivitaInViaDiDismissioneDaNonRiclassificareAContoEconomico_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other comprehensive income net of tax non-current assets and disposal groups classified as held for sale not to be reclassified to profit or loss</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AzioniRimborsabili" xlink:label="ext_AzioniRimborsabili" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AzioniRimborsabili" xlink:to="ext_AzioniRimborsabili_lbl" xlink:type="arc"/>
      <link:label id="id_9635" xlink:label="ext_AzioniRimborsabili_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Redeemable shares</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_CoperturaDeiFlussiFinanziari" xlink:label="ext_CoperturaDeiFlussiFinanziari" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_CoperturaDeiFlussiFinanziari" xlink:to="ext_CoperturaDeiFlussiFinanziari_lbl" xlink:type="arc"/>
      <link:label id="id_9636" xlink:label="ext_CoperturaDeiFlussiFinanziari_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash flow hedging</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_CoperturaDiInvestimentiEsteri" xlink:label="ext_CoperturaDiInvestimentiEsteri" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_CoperturaDiInvestimentiEsteri" xlink:to="ext_CoperturaDiInvestimentiEsteri_lbl" xlink:type="arc"/>
      <link:label id="id_9638" xlink:label="ext_CoperturaDiInvestimentiEsteri_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Foreign investments hedging</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_CostiOperativi" xlink:label="ext_CostiOperativi" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_CostiOperativi" xlink:to="ext_CostiOperativi_lbl" xlink:type="arc"/>
      <link:label id="id_9641" xlink:label="ext_CostiOperativi_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Operating costs</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_DecrementiIncrementiDiAltreAttivitaObbligatoriamenteValutateAlFairValue" xlink:label="ext_DecrementiIncrementiDiAltreAttivitaObbligatoriamenteValutateAlFairValue" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_DecrementiIncrementiDiAltreAttivitaObbligatoriamenteValutateAlFairValue" xlink:to="ext_DecrementiIncrementiDiAltreAttivitaObbligatoriamenteValutateAlFairValue_lbl" xlink:type="arc"/>
      <link:label id="id_9643" xlink:label="ext_DecrementiIncrementiDiAltreAttivitaObbligatoriamenteValutateAlFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Adjustments for decrease increase in other financial assets mandatorily at fair value</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_DecrementiIncrementiDiAttivitaFinanziarieDesignateAlFairValue" xlink:label="ext_DecrementiIncrementiDiAttivitaFinanziarieDesignateAlFairValue" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_DecrementiIncrementiDiAttivitaFinanziarieDesignateAlFairValue" xlink:to="ext_DecrementiIncrementiDiAttivitaFinanziarieDesignateAlFairValue_lbl" xlink:type="arc"/>
      <link:label id="id_9645" xlink:label="ext_DecrementiIncrementiDiAttivitaFinanziarieDesignateAlFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Adjustments for decrease increase in financial assets designated at fair value</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_DecrementiIncrementiDiAttivitaFinanziarieValutateAlCostoAmmortizzato" xlink:label="ext_DecrementiIncrementiDiAttivitaFinanziarieValutateAlCostoAmmortizzato" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_DecrementiIncrementiDiAttivitaFinanziarieValutateAlCostoAmmortizzato" xlink:to="ext_DecrementiIncrementiDiAttivitaFinanziarieValutateAlCostoAmmortizzato_lbl" xlink:type="arc"/>
      <link:label id="id_9647" xlink:label="ext_DecrementiIncrementiDiAttivitaFinanziarieValutateAlCostoAmmortizzato_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Adjustments for decrease increase in financial assets at amortised cost</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_DecrementiIncrementiDiAttivitaFinanziarieValutateAlFairValueConImpattoSullaRedditivitaComplessiva" xlink:label="ext_DecrementiIncrementiDiAttivitaFinanziarieValutateAlFairValueConImpattoSullaRedditivitaComplessiva" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_DecrementiIncrementiDiAttivitaFinanziarieValutateAlFairValueConImpattoSullaRedditivitaComplessiva" xlink:to="ext_DecrementiIncrementiDiAttivitaFinanziarieValutateAlFairValueConImpattoSullaRedditivitaComplessiva_lbl" xlink:type="arc"/>
      <link:label id="id_9649" xlink:label="ext_DecrementiIncrementiDiAttivitaFinanziarieValutateAlFairValueConImpattoSullaRedditivitaComplessiva_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Adjustments for decrease increase in financial assets at fair value through other comprehensive income</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_DerivatiSuAzioniProprie" xlink:label="ext_DerivatiSuAzioniProprie" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_DerivatiSuAzioniProprie" xlink:to="ext_DerivatiSuAzioniProprie_lbl" xlink:type="arc"/>
      <link:label id="id_9651" xlink:label="ext_DerivatiSuAzioniProprie_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Increase decrease through treasury share derivatives</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_DiCuiAvviamento" xlink:label="ext_DiCuiAvviamento" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_DiCuiAvviamento" xlink:to="ext_DiCuiAvviamento_lbl" xlink:type="arc"/>
      <link:label id="id_9652" xlink:label="ext_DiCuiAvviamento_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Of Which Goodwill</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_DifferenzeDiCambio" xlink:label="ext_DifferenzeDiCambio" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_DifferenzeDiCambio" xlink:to="ext_DifferenzeDiCambio_lbl" xlink:type="arc"/>
      <link:label id="id_9654" xlink:label="ext_DifferenzeDiCambio_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Foreign exchange differences</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_DistribuzioneStraordinariaDividendi" xlink:label="ext_DistribuzioneStraordinariaDividendi" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_DistribuzioneStraordinariaDividendi" xlink:to="ext_DistribuzioneStraordinariaDividendi_lbl" xlink:type="arc"/>
      <link:label id="id_9657" xlink:label="ext_DistribuzioneStraordinariaDividendi_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Extraordinary dividends distribution</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_ImpegniEGaranzieRilasciate" xlink:label="ext_ImpegniEGaranzieRilasciate" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_ImpegniEGaranzieRilasciate" xlink:to="ext_ImpegniEGaranzieRilasciate_lbl" xlink:type="arc"/>
      <link:label id="id_9659" xlink:label="ext_ImpegniEGaranzieRilasciate_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Provision for committments and guarantees given</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_ImposteTasseECreditiDimpostaNonLiquidati" xlink:label="ext_ImposteTasseECreditiDimpostaNonLiquidati" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_ImposteTasseECreditiDimpostaNonLiquidati" xlink:to="ext_ImposteTasseECreditiDimpostaNonLiquidati_lbl" xlink:type="arc"/>
      <link:label id="id_9661" xlink:label="ext_ImposteTasseECreditiDimpostaNonLiquidati_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Unpaid duties taxes and tax credits</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_IncrementiDecrementiAltrePassivita" xlink:label="ext_IncrementiDecrementiAltrePassivita" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_IncrementiDecrementiAltrePassivita" xlink:to="ext_IncrementiDecrementiAltrePassivita_lbl" xlink:type="arc"/>
      <link:label id="id_9664" xlink:label="ext_IncrementiDecrementiAltrePassivita_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash flows from increase decrease of other liabilities</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_IncrementiDecrementiDiPassivitaFinanziarieValutateAlCostoAmmortizzato" xlink:label="ext_IncrementiDecrementiDiPassivitaFinanziarieValutateAlCostoAmmortizzato" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_IncrementiDecrementiDiPassivitaFinanziarieValutateAlCostoAmmortizzato" xlink:to="ext_IncrementiDecrementiDiPassivitaFinanziarieValutateAlCostoAmmortizzato_lbl" xlink:type="arc"/>
      <link:label id="id_9666" xlink:label="ext_IncrementiDecrementiDiPassivitaFinanziarieValutateAlCostoAmmortizzato_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Adjustments for increase decrease in financial liabilities at amortised cost</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_IncrementiDecrementiDiRiserve" xlink:label="ext_IncrementiDecrementiDiRiserve" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_IncrementiDecrementiDiRiserve" xlink:to="ext_IncrementiDecrementiDiRiserve_lbl" xlink:type="arc"/>
      <link:label id="id_9668" xlink:label="ext_IncrementiDecrementiDiRiserve_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Increase decrease of reserves</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_IncrementiDecrementiPassivitaFinanziarieDesignateAlFairValue" xlink:label="ext_IncrementiDecrementiPassivitaFinanziarieDesignateAlFairValue" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_IncrementiDecrementiPassivitaFinanziarieDesignateAlFairValue" xlink:to="ext_IncrementiDecrementiPassivitaFinanziarieDesignateAlFairValue_lbl" xlink:type="arc"/>
      <link:label id="id_9670" xlink:label="ext_IncrementiDecrementiPassivitaFinanziarieDesignateAlFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Adjustments for increase decrease of financial liabilities designated at fair value</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_InteressiAttiviEProventiAssimilati" xlink:label="ext_InteressiAttiviEProventiAssimilati" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_InteressiAttiviEProventiAssimilati" xlink:to="ext_InteressiAttiviEProventiAssimilati_lbl" xlink:type="arc"/>
      <link:label id="id_9671" xlink:label="ext_InteressiAttiviEProventiAssimilati_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Interest income and similar revenues</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_InteressiPassiviEOneriAssimilati" xlink:label="ext_InteressiPassiviEOneriAssimilati" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_InteressiPassiviEOneriAssimilati" xlink:to="ext_InteressiPassiviEOneriAssimilati_lbl" xlink:type="arc"/>
      <link:label id="id_9674" xlink:label="ext_InteressiPassiviEOneriAssimilati_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Interest expense and similar charges</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_LiquiditaAssorbitaDaAttivitaDiInvestimento" xlink:label="ext_LiquiditaAssorbitaDaAttivitaDiInvestimento" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_LiquiditaAssorbitaDaAttivitaDiInvestimento" xlink:to="ext_LiquiditaAssorbitaDaAttivitaDiInvestimento_lbl" xlink:type="arc"/>
      <link:label id="id_9675" xlink:label="ext_LiquiditaAssorbitaDaAttivitaDiInvestimento_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash flows used in investing activities</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_LiquiditaGenerataAssorbitaDaAltreAttivita" xlink:label="ext_LiquiditaGenerataAssorbitaDaAltreAttivita" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_LiquiditaGenerataAssorbitaDaAltreAttivita" xlink:to="ext_LiquiditaGenerataAssorbitaDaAltreAttivita_lbl" xlink:type="arc"/>
      <link:label id="id_9678" xlink:label="ext_LiquiditaGenerataAssorbitaDaAltreAttivita_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Liquidity generated absorbed by other assets</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_LiquiditaGenerataAssorbitaDalleAttivitaFinanziarieClassificateComeAttivitaOperative" xlink:label="ext_LiquiditaGenerataAssorbitaDalleAttivitaFinanziarieClassificateComeAttivitaOperative" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_LiquiditaGenerataAssorbitaDalleAttivitaFinanziarieClassificateComeAttivitaOperative" xlink:to="ext_LiquiditaGenerataAssorbitaDalleAttivitaFinanziarieClassificateComeAttivitaOperative_lbl" xlink:type="arc"/>
      <link:label id="id_9680" xlink:label="ext_LiquiditaGenerataAssorbitaDalleAttivitaFinanziarieClassificateComeAttivitaOperative_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash flows from used in financial assets classified as operating activities</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieAttivitaOperativaAltreVariazioni" xlink:label="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieAttivitaOperativaAltreVariazioni" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieAttivitaOperativaAltreVariazioni" xlink:to="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieAttivitaOperativaAltreVariazioni_lbl" xlink:type="arc"/>
      <link:label id="id_9682" xlink:label="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieAttivitaOperativaAltreVariazioni_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash flows from used in financial liabilities classified as operating activities other changes</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieAttivitaOperativaFlussiFinanziari" xlink:label="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieAttivitaOperativaFlussiFinanziari" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieAttivitaOperativaFlussiFinanziari" xlink:to="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieAttivitaOperativaFlussiFinanziari_lbl" xlink:type="arc"/>
      <link:label id="id_9684" xlink:label="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieAttivitaOperativaFlussiFinanziari_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash flows from used in financial liabilities classified as operating activities cash flows</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieAttivitaOperativaVariazioniDiFairValue" xlink:label="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieAttivitaOperativaVariazioniDiFairValue" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieAttivitaOperativaVariazioniDiFairValue" xlink:to="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieAttivitaOperativaVariazioniDiFairValue_lbl" xlink:type="arc"/>
      <link:label id="id_9686" xlink:label="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieAttivitaOperativaVariazioniDiFairValue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">CashFlowsFromUsedInFinancialLiabilitiesClassifiedAsOperatingactivitiesFairValueChanges</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieClassificateComeAttivitaOperative" xlink:label="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieClassificateComeAttivitaOperative" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieClassificateComeAttivitaOperative" xlink:to="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieClassificateComeAttivitaOperative_lbl" xlink:type="arc"/>
      <link:label id="id_9688" xlink:label="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieClassificateComeAttivitaOperative_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash flows from used in financial liabilities classified as operating activities</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieClassificateComeAttivitaOperativeNote" xlink:label="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieClassificateComeAttivitaOperativeNote" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieClassificateComeAttivitaOperativeNote" xlink:to="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieClassificateComeAttivitaOperativeNote_lbl" xlink:type="arc"/>
      <link:label id="id_9689" xlink:label="ext_LiquiditaGenerataAssorbitaDallePassivitaFinanziarieClassificateComeAttivitaOperativeNote_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash flows from used in financial liabilities classified as operating activities footnotes</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_LiquiditaGenerataDaAttivitaDiInvestimento" xlink:label="ext_LiquiditaGenerataDaAttivitaDiInvestimento" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_LiquiditaGenerataDaAttivitaDiInvestimento" xlink:to="ext_LiquiditaGenerataDaAttivitaDiInvestimento_lbl" xlink:type="arc"/>
      <link:label id="id_9691" xlink:label="ext_LiquiditaGenerataDaAttivitaDiInvestimento_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash flows from investing activities</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_MargineDiInteresse" xlink:label="ext_MargineDiInteresse" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_MargineDiInteresse" xlink:to="ext_MargineDiInteresse_lbl" xlink:type="arc"/>
      <link:label id="id_9693" xlink:label="ext_MargineDiInteresse_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Net interest margin</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_MargineDiIntermediazione" xlink:label="ext_MargineDiIntermediazione" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_MargineDiIntermediazione" xlink:to="ext_MargineDiIntermediazione_lbl" xlink:type="arc"/>
      <link:label id="id_9695" xlink:label="ext_MargineDiIntermediazione_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Gross Income</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39" xlink:label="ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39" xlink:to="ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39_lbl" xlink:type="arc"/>
      <link:label id="id_9697" xlink:label="ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Financial liabilities pertaining to insurance companies measured at amortised cost pursuant to IAS 39</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39Rendiconto" xlink:label="ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39Rendiconto" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39Rendiconto" xlink:to="ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39Rendiconto_lbl" xlink:type="arc"/>
      <link:label id="id_9700" xlink:label="ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlCostoAmmortizzatoAiSensiDelloIAS39Rendiconto_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Financial liabilities pertaining to insurance companies measured at amortised cost pursuant to IAS 39 cash flow</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39" xlink:label="ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39" xlink:to="ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39_lbl" xlink:type="arc"/>
      <link:label id="id_9701" xlink:label="ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Financial liabilities pertaining to insurance companies measured at fair value pursuant to IAS 39</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39Rendiconto" xlink:label="ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39Rendiconto" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39Rendiconto" xlink:to="ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39Rendiconto_lbl" xlink:type="arc"/>
      <link:label id="id_9704" xlink:label="ext_PassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneValutateAlFairValueAiSensiDelloIAS39Rendiconto_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Financial liabilities pertaining to insurance companies measured at fair value pursuant to IAS 39 cash flow</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_PassivitaFiscali" xlink:label="ext_PassivitaFiscali" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_PassivitaFiscali" xlink:to="ext_PassivitaFiscali_lbl" xlink:type="arc"/>
      <link:label id="id_9705" xlink:label="ext_PassivitaFiscali_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Tax liabilities</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_PatrimonioNettoDelGruppo" xlink:label="ext_PatrimonioNettoDelGruppo" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_PatrimonioNettoDelGruppo" xlink:to="ext_PatrimonioNettoDelGruppo_lbl" xlink:type="arc"/>
      <link:label id="id_9708" xlink:label="ext_PatrimonioNettoDelGruppo_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Equity attributable to owners of parent</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_PatrimonioNettoDiTerzi" xlink:label="ext_PatrimonioNettoDiTerzi" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_PatrimonioNettoDiTerzi" xlink:to="ext_PatrimonioNettoDiTerzi_lbl" xlink:type="arc"/>
      <link:label id="id_9710" xlink:label="ext_PatrimonioNettoDiTerzi_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Non-controlling interests</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_PatrmonioNetto" xlink:label="ext_PatrmonioNetto" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_PatrmonioNetto" xlink:to="ext_PatrmonioNetto_lbl" xlink:type="arc"/>
      <link:label id="id_9712" xlink:label="ext_PatrmonioNetto_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Total Equity</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_PlusMinusvalenzeSuAttivitaDiCoperturaDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39" xlink:label="ext_PlusMinusvalenzeSuAttivitaDiCoperturaDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_PlusMinusvalenzeSuAttivitaDiCoperturaDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39" xlink:to="ext_PlusMinusvalenzeSuAttivitaDiCoperturaDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39_lbl" xlink:type="arc"/>
      <link:label id="id_9713" xlink:label="ext_PlusMinusvalenzeSuAttivitaDiCoperturaDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Gains losses on hedging activities pertaining to insurance companies measured at amortised cost pursuant to IAS 39</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_PlusMinusvalenzeSuAttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39" xlink:label="ext_PlusMinusvalenzeSuAttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_PlusMinusvalenzeSuAttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39" xlink:to="ext_PlusMinusvalenzeSuAttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39_lbl" xlink:type="arc"/>
      <link:label id="id_9716" xlink:label="ext_PlusMinusvalenzeSuAttivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Gains losses on financial assets pertaining to insurance companies measured at amortised cost pursuant to IAS 39</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_PremiNettiNonIncassati" xlink:label="ext_PremiNettiNonIncassati" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_PremiNettiNonIncassati" xlink:to="ext_PremiNettiNonIncassati_lbl" xlink:type="arc"/>
      <link:label id="id_9717" xlink:label="ext_PremiNettiNonIncassati_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Uncollected net premiums</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_ProventiDalleVenditeDiAttivitaMaterialiClassificateComeAttivitaDiInvestimento" xlink:label="ext_ProventiDalleVenditeDiAttivitaMaterialiClassificateComeAttivitaDiInvestimento" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_ProventiDalleVenditeDiAttivitaMaterialiClassificateComeAttivitaDiInvestimento" xlink:to="ext_ProventiDalleVenditeDiAttivitaMaterialiClassificateComeAttivitaDiInvestimento_lbl" xlink:type="arc"/>
      <link:label id="id_9720" xlink:label="ext_ProventiDalleVenditeDiAttivitaMaterialiClassificateComeAttivitaDiInvestimento_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Proceeds from sales of tangible assets classified as investing activities</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_QuiescenzaEObblighiSimili" xlink:label="ext_QuiescenzaEObblighiSimili" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_QuiescenzaEObblighiSimili" xlink:to="ext_QuiescenzaEObblighiSimili_lbl" xlink:type="arc"/>
      <link:label id="id_9721" xlink:label="ext_QuiescenzaEObblighiSimili_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Post-retirement benefit obligation</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RedditivitaComplessivaAlNettoDelleImposteAttivitaImmateriali" xlink:label="ext_RedditivitaComplessivaAlNettoDelleImposteAttivitaImmateriali" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RedditivitaComplessivaAlNettoDelleImposteAttivitaImmateriali" xlink:to="ext_RedditivitaComplessivaAlNettoDelleImposteAttivitaImmateriali_lbl" xlink:type="arc"/>
      <link:label id="id_9724" xlink:label="ext_RedditivitaComplessivaAlNettoDelleImposteAttivitaImmateriali_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other comprehensive income net of tax intangible assets</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RedditivitaComplessivaAlNettoDelleImposteAttivitaMateriali" xlink:label="ext_RedditivitaComplessivaAlNettoDelleImposteAttivitaMateriali" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RedditivitaComplessivaAlNettoDelleImposteAttivitaMateriali" xlink:to="ext_RedditivitaComplessivaAlNettoDelleImposteAttivitaMateriali_lbl" xlink:type="arc"/>
      <link:label id="id_9726" xlink:label="ext_RedditivitaComplessivaAlNettoDelleImposteAttivitaMateriali_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other comprehensive income net of tax tangible assets</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RedditivitaComplessivaAlNettoDelleImposteStrumentiDiCoperturaElementiNonDesignati" xlink:label="ext_RedditivitaComplessivaAlNettoDelleImposteStrumentiDiCoperturaElementiNonDesignati" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RedditivitaComplessivaAlNettoDelleImposteStrumentiDiCoperturaElementiNonDesignati" xlink:to="ext_RedditivitaComplessivaAlNettoDelleImposteStrumentiDiCoperturaElementiNonDesignati_lbl" xlink:type="arc"/>
      <link:label id="id_9727" xlink:label="ext_RedditivitaComplessivaAlNettoDelleImposteStrumentiDiCoperturaElementiNonDesignati_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other comprehensive income net of tax on hedging instruments non designated items</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RedditivitaComplessivaRelativaAdAttivitaNonCorrentiEGruppiDiAttivitaInViaDiDismissioneClassificatiComeDisponibiliPerLaVenditaDaRiclassificareAContoEconomico" xlink:label="ext_RedditivitaComplessivaRelativaAdAttivitaNonCorrentiEGruppiDiAttivitaInViaDiDismissioneClassificatiComeDisponibiliPerLaVenditaDaRiclassificareAContoEconomico" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RedditivitaComplessivaRelativaAdAttivitaNonCorrentiEGruppiDiAttivitaInViaDiDismissioneClassificatiComeDisponibiliPerLaVenditaDaRiclassificareAContoEconomico" xlink:to="ext_RedditivitaComplessivaRelativaAdAttivitaNonCorrentiEGruppiDiAttivitaInViaDiDismissioneClassificatiComeDisponibiliPerLaVenditaDaRiclassificareAContoEconomico_lbl" xlink:type="arc"/>
      <link:label id="id_9729" xlink:label="ext_RedditivitaComplessivaRelativaAdAttivitaNonCorrentiEGruppiDiAttivitaInViaDiDismissioneClassificatiComeDisponibiliPerLaVenditaDaRiclassificareAContoEconomico_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other comprehensive income related to noncurrent assets and disposal groups classified as held for sale to be reclassified to profit or loss</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RettificheDiValoreDellavviamento" xlink:label="ext_RettificheDiValoreDellavviamento" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RettificheDiValoreDellavviamento" xlink:to="ext_RettificheDiValoreDellavviamento_lbl" xlink:type="arc"/>
      <link:label id="id_9732" xlink:label="ext_RettificheDiValoreDellavviamento_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Goodwill impairment</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RettificheRipreseDiValoreNetteDelleAttivitaOperativeCessateAlNettoDelleImposte" xlink:label="ext_RettificheRipreseDiValoreNetteDelleAttivitaOperativeCessateAlNettoDelleImposte" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RettificheRipreseDiValoreNetteDelleAttivitaOperativeCessateAlNettoDelleImposte" xlink:to="ext_RettificheRipreseDiValoreNetteDelleAttivitaOperativeCessateAlNettoDelleImposte_lbl" xlink:type="arc"/>
      <link:label id="id_9733" xlink:label="ext_RettificheRipreseDiValoreNetteDelleAttivitaOperativeCessateAlNettoDelleImposte_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Impairment write-backs after tax on discontinued operations</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RettificheRipreseDiValoreNetteDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39" xlink:label="ext_RettificheRipreseDiValoreNetteDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RettificheRipreseDiValoreNetteDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39" xlink:to="ext_RettificheRipreseDiValoreNetteDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39_lbl" xlink:type="arc"/>
      <link:label id="id_9736" xlink:label="ext_RettificheRipreseDiValoreNetteDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Net losses recoveries pertaining to insurance companies pursuant to IAS 39</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RettificheRipreseDiValoreNettePerRischioDiCredito" xlink:label="ext_RettificheRipreseDiValoreNettePerRischioDiCredito" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RettificheRipreseDiValoreNettePerRischioDiCredito" xlink:to="ext_RettificheRipreseDiValoreNettePerRischioDiCredito_lbl" xlink:type="arc"/>
      <link:label id="id_9737" xlink:label="ext_RettificheRipreseDiValoreNettePerRischioDiCredito_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Net losses recoveries on credit impairment</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RettificheRipreseDiValoreNettePerRischioDiCreditoSuAttivitaFinanziarieValutateAlCostoAmmortizzatoInBaseAIFRS9" xlink:label="ext_RettificheRipreseDiValoreNettePerRischioDiCreditoSuAttivitaFinanziarieValutateAlCostoAmmortizzatoInBaseAIFRS9" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RettificheRipreseDiValoreNettePerRischioDiCreditoSuAttivitaFinanziarieValutateAlCostoAmmortizzatoInBaseAIFRS9" xlink:to="ext_RettificheRipreseDiValoreNettePerRischioDiCreditoSuAttivitaFinanziarieValutateAlCostoAmmortizzatoInBaseAIFRS9_lbl" xlink:type="arc"/>
      <link:label id="id_9740" xlink:label="ext_RettificheRipreseDiValoreNettePerRischioDiCreditoSuAttivitaFinanziarieValutateAlCostoAmmortizzatoInBaseAIFRS9_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Impairment loss impairment gain and reversal of impairment loss determined in accordance with IFRS9 on financial assets at amortised cost</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RettificheRipreseDiValoreNettePerRischioDiCreditoSuAttivitaFinanziarieValutateAlFairValueConImpattoSullaRedditivitaComplessivaInBaseAIFRS9" xlink:label="ext_RettificheRipreseDiValoreNettePerRischioDiCreditoSuAttivitaFinanziarieValutateAlFairValueConImpattoSullaRedditivitaComplessivaInBaseAIFRS9" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RettificheRipreseDiValoreNettePerRischioDiCreditoSuAttivitaFinanziarieValutateAlFairValueConImpattoSullaRedditivitaComplessivaInBaseAIFRS9" xlink:to="ext_RettificheRipreseDiValoreNettePerRischioDiCreditoSuAttivitaFinanziarieValutateAlFairValueConImpattoSullaRedditivitaComplessivaInBaseAIFRS9_lbl" xlink:type="arc"/>
      <link:label id="id_9742" xlink:label="ext_RettificheRipreseDiValoreNettePerRischioDiCreditoSuAttivitaFinanziarieValutateAlFairValueConImpattoSullaRedditivitaComplessivaInBaseAIFRS9_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Impairment loss impairment gain and reversal of impairment loss determined in accordance with IFRS9 on financial assets at fair value through other comprehensive income</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RettificheRipreseDiValoreNetteSuAttivitaImmaterialiRilevateAContoEconomicoDiverseDallavviamento" xlink:label="ext_RettificheRipreseDiValoreNetteSuAttivitaImmaterialiRilevateAContoEconomicoDiverseDallavviamento" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RettificheRipreseDiValoreNetteSuAttivitaImmaterialiRilevateAContoEconomicoDiverseDallavviamento" xlink:to="ext_RettificheRipreseDiValoreNetteSuAttivitaImmaterialiRilevateAContoEconomicoDiverseDallavviamento_lbl" xlink:type="arc"/>
      <link:label id="id_9744" xlink:label="ext_RettificheRipreseDiValoreNetteSuAttivitaImmaterialiRilevateAContoEconomicoDiverseDallavviamento_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Depreciation amortisation and impairment loss/reversal of impairment loss recognised in profit or loss intangible assets other than goodwill</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RettificheRipreseDiValoreNetteSuAttivitaMaterialiRilevateAContoEconomico" xlink:label="ext_RettificheRipreseDiValoreNetteSuAttivitaMaterialiRilevateAContoEconomico" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RettificheRipreseDiValoreNetteSuAttivitaMaterialiRilevateAContoEconomico" xlink:to="ext_RettificheRipreseDiValoreNetteSuAttivitaMaterialiRilevateAContoEconomico_lbl" xlink:type="arc"/>
      <link:label id="id_9746" xlink:label="ext_RettificheRipreseDiValoreNetteSuAttivitaMaterialiRilevateAContoEconomico_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Depreciation amortisation and impairment loss reversal of impairment loss recognised in profit or loss tangible assets</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RettificheRipreseDiValoreNetteSuImmobilizzazioniMaterialiEImmateriali" xlink:label="ext_RettificheRipreseDiValoreNetteSuImmobilizzazioniMaterialiEImmateriali" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RettificheRipreseDiValoreNetteSuImmobilizzazioniMaterialiEImmateriali" xlink:to="ext_RettificheRipreseDiValoreNetteSuImmobilizzazioniMaterialiEImmateriali_lbl" xlink:type="arc"/>
      <link:label id="id_9747" xlink:label="ext_RettificheRipreseDiValoreNetteSuImmobilizzazioniMaterialiEImmateriali_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Net value adjustments write-backs on tangible and intangible assets</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RiserveDaValutazione" xlink:label="ext_RiserveDaValutazione" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RiserveDaValutazione" xlink:to="ext_RiserveDaValutazione_lbl" xlink:type="arc"/>
      <link:label id="id_9749" xlink:label="ext_RiserveDaValutazione_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Valuation reserve</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RiserveDaValutazioneDiPertinenzaDelleImpreseDiAssicurazione" xlink:label="ext_RiserveDaValutazioneDiPertinenzaDelleImpreseDiAssicurazione" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RiserveDaValutazioneDiPertinenzaDelleImpreseDiAssicurazione" xlink:to="ext_RiserveDaValutazioneDiPertinenzaDelleImpreseDiAssicurazione_lbl" xlink:type="arc"/>
      <link:label id="id_9752" xlink:label="ext_RiserveDaValutazioneDiPertinenzaDelleImpreseDiAssicurazione_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Valuation reserves pertaining to insurance companies</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RiserveTecnicheACaricoDeiRiassicuratori" xlink:label="ext_RiserveTecnicheACaricoDeiRiassicuratori" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RiserveTecnicheACaricoDeiRiassicuratori" xlink:to="ext_RiserveTecnicheACaricoDeiRiassicuratori_lbl" xlink:type="arc"/>
      <link:label id="id_9753" xlink:label="ext_RiserveTecnicheACaricoDeiRiassicuratori_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Insurance Reserves Charged To Reinsurers</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RiserveTecnicheDaContrattiAssicurativi" xlink:label="ext_RiserveTecnicheDaContrattiAssicurativi" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RiserveTecnicheDaContrattiAssicurativi" xlink:to="ext_RiserveTecnicheDaContrattiAssicurativi_lbl" xlink:type="arc"/>
      <link:label id="id_9755" xlink:label="ext_RiserveTecnicheDaContrattiAssicurativi_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Provisions arising from insurance contracts</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RisultatoNettoDellaGestioneFinanziaria" xlink:label="ext_RisultatoNettoDellaGestioneFinanziaria" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RisultatoNettoDellaGestioneFinanziaria" xlink:to="ext_RisultatoNettoDellaGestioneFinanziaria_lbl" xlink:type="arc"/>
      <link:label id="id_9757" xlink:label="ext_RisultatoNettoDellaGestioneFinanziaria_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Net profit from financial activities</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RisultatoNettoDellaGestioneFinanziariaEAssicurativa" xlink:label="ext_RisultatoNettoDellaGestioneFinanziariaEAssicurativa" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RisultatoNettoDellaGestioneFinanziariaEAssicurativa" xlink:to="ext_RisultatoNettoDellaGestioneFinanziariaEAssicurativa_lbl" xlink:type="arc"/>
      <link:label id="id_9759" xlink:label="ext_RisultatoNettoDellaGestioneFinanziariaEAssicurativa_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Profit Loss from financial and insurance activities</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RisultatoNettoDellattivitaDiCopertura" xlink:label="ext_RisultatoNettoDellattivitaDiCopertura" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RisultatoNettoDellattivitaDiCopertura" xlink:to="ext_RisultatoNettoDellattivitaDiCopertura_lbl" xlink:type="arc"/>
      <link:label id="id_9761" xlink:label="ext_RisultatoNettoDellattivitaDiCopertura_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Net gains losses from hedge accounting</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RisultatoNettoDellaValutazioneAlFairValueDelleAttivitaMaterialiEImmaterialiDiverseDallavviamento" xlink:label="ext_RisultatoNettoDellaValutazioneAlFairValueDelleAttivitaMaterialiEImmaterialiDiverseDallavviamento" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RisultatoNettoDellaValutazioneAlFairValueDelleAttivitaMaterialiEImmaterialiDiverseDallavviamento" xlink:to="ext_RisultatoNettoDellaValutazioneAlFairValueDelleAttivitaMaterialiEImmaterialiDiverseDallavviamento_lbl" xlink:type="arc"/>
      <link:label id="id_9764" xlink:label="ext_RisultatoNettoDellaValutazioneAlFairValueDelleAttivitaMaterialiEImmaterialiDiverseDallavviamento_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Gains losses on tangible and intangible assets other than goodwill measured at fair value</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RisultatoNettoDelleAltreAttivitaPassivitaFinanziarieValutateAlFairValueConImpattoAContoEconomico" xlink:label="ext_RisultatoNettoDelleAltreAttivitaPassivitaFinanziarieValutateAlFairValueConImpattoAContoEconomico" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RisultatoNettoDelleAltreAttivitaPassivitaFinanziarieValutateAlFairValueConImpattoAContoEconomico" xlink:to="ext_RisultatoNettoDelleAltreAttivitaPassivitaFinanziarieValutateAlFairValueConImpattoAContoEconomico_lbl" xlink:type="arc"/>
      <link:label id="id_9766" xlink:label="ext_RisultatoNettoDelleAltreAttivitaPassivitaFinanziarieValutateAlFairValueConImpattoAContoEconomico_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Net gains losses on other financial assets liabilities at fair value through profit or loss</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RisultatoNettoDelleAttivitaEPassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39" xlink:label="ext_RisultatoNettoDelleAttivitaEPassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RisultatoNettoDelleAttivitaEPassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39" xlink:to="ext_RisultatoNettoDelleAttivitaEPassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39_lbl" xlink:type="arc"/>
      <link:label id="id_9767" xlink:label="ext_RisultatoNettoDelleAttivitaEPassivitaFinanziarieDiPertinenzaDelleImpreseDiAssicurazioneAiSensiDelloIAS39_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Profits Losses on financial assets and liabilities pertaining to insurance companies pursuant to IAS 39</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_SpeseAmministrativeAltreSpeseAmministrative" xlink:label="ext_SpeseAmministrativeAltreSpeseAmministrative" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_SpeseAmministrativeAltreSpeseAmministrative" xlink:to="ext_SpeseAmministrativeAltreSpeseAmministrative_lbl" xlink:type="arc"/>
      <link:label id="id_9769" xlink:label="ext_SpeseAmministrativeAltreSpeseAmministrative_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other administrative expense</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_SpeseAmministrativeSpesePerIlPersonale" xlink:label="ext_SpeseAmministrativeSpesePerIlPersonale" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_SpeseAmministrativeSpesePerIlPersonale" xlink:to="ext_SpeseAmministrativeSpesePerIlPersonale_lbl" xlink:type="arc"/>
      <link:label id="id_9772" xlink:label="ext_SpeseAmministrativeSpesePerIlPersonale_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Administrative expense staff costs</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_StrumentiDiCapitale" xlink:label="ext_StrumentiDiCapitale" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_StrumentiDiCapitale" xlink:to="ext_StrumentiDiCapitale_lbl" xlink:type="arc"/>
      <link:label id="id_9774" xlink:label="ext_StrumentiDiCapitale_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Equity instrument</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_TrattamentoDiFineRapportoDelPersonale" xlink:label="ext_TrattamentoDiFineRapportoDelPersonale" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_TrattamentoDiFineRapportoDelPersonale" xlink:to="ext_TrattamentoDiFineRapportoDelPersonale_lbl" xlink:type="arc"/>
      <link:label id="id_9775" xlink:label="ext_TrattamentoDiFineRapportoDelPersonale_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Provision for employee severances pay</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_UtilePerditaDaCessioneDiAttivitaFinanziarieAlCostoAmmortizzato" xlink:label="ext_UtilePerditaDaCessioneDiAttivitaFinanziarieAlCostoAmmortizzato" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_UtilePerditaDaCessioneDiAttivitaFinanziarieAlCostoAmmortizzato" xlink:to="ext_UtilePerditaDaCessioneDiAttivitaFinanziarieAlCostoAmmortizzato_lbl" xlink:type="arc"/>
      <link:label id="id_9778" xlink:label="ext_UtilePerditaDaCessioneDiAttivitaFinanziarieAlCostoAmmortizzato_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Gain Loss arising from disposal of financial assets measured at amortised cost</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_UtilePerditaDaCessioneDiAttivitaFinanziarieValutateAlFairValueConImpattoSullaRedditivitaComplessiva" xlink:label="ext_UtilePerditaDaCessioneDiAttivitaFinanziarieValutateAlFairValueConImpattoSullaRedditivitaComplessiva" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_UtilePerditaDaCessioneDiAttivitaFinanziarieValutateAlFairValueConImpattoSullaRedditivitaComplessiva" xlink:to="ext_UtilePerditaDaCessioneDiAttivitaFinanziarieValutateAlFairValueConImpattoSullaRedditivitaComplessiva_lbl" xlink:type="arc"/>
      <link:label id="id_9780" xlink:label="ext_UtilePerditaDaCessioneDiAttivitaFinanziarieValutateAlFairValueConImpattoSullaRedditivitaComplessiva_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Gain Loss on disposals of financial assets at fair value through other comprehensive income</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_UtilePerditaDaRiacquistoDiPassivitaFinanziarie" xlink:label="ext_UtilePerditaDaRiacquistoDiPassivitaFinanziarie" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_UtilePerditaDaRiacquistoDiPassivitaFinanziarie" xlink:to="ext_UtilePerditaDaRiacquistoDiPassivitaFinanziarie_lbl" xlink:type="arc"/>
      <link:label id="id_9782" xlink:label="ext_UtilePerditaDaRiacquistoDiPassivitaFinanziarie_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Gain Loss arising from repurchase of financial liabilities</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_UtilePerditaDiPertinenzaDellaCapogruppo" xlink:label="ext_UtilePerditaDiPertinenzaDellaCapogruppo" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_UtilePerditaDiPertinenzaDellaCapogruppo" xlink:to="ext_UtilePerditaDiPertinenzaDellaCapogruppo_lbl" xlink:type="arc"/>
      <link:label id="id_9784" xlink:label="ext_UtilePerditaDiPertinenzaDellaCapogruppo_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Profit Loss attributable to owners of parent</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_UtilePerditaSuAttivitaDiCopertura" xlink:label="ext_UtilePerditaSuAttivitaDiCopertura" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_UtilePerditaSuAttivitaDiCopertura" xlink:to="ext_UtilePerditaSuAttivitaDiCopertura_lbl" xlink:type="arc"/>
      <link:label id="id_9785" xlink:label="ext_UtilePerditaSuAttivitaDiCopertura_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Gain loss on hedge accounting</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_UtilePerditaSuAttivitaFinanziarieDetenutePerLaNegoziazioneESulleAltreAttivitaPassivitaValutateAlFairValueConImpattoAContoEconomico" xlink:label="ext_UtilePerditaSuAttivitaFinanziarieDetenutePerLaNegoziazioneESulleAltreAttivitaPassivitaValutateAlFairValueConImpattoAContoEconomico" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_UtilePerditaSuAttivitaFinanziarieDetenutePerLaNegoziazioneESulleAltreAttivitaPassivitaValutateAlFairValueConImpattoAContoEconomico" xlink:to="ext_UtilePerditaSuAttivitaFinanziarieDetenutePerLaNegoziazioneESulleAltreAttivitaPassivitaValutateAlFairValueConImpattoAContoEconomico_lbl" xlink:type="arc"/>
      <link:label id="id_9788" xlink:label="ext_UtilePerditaSuAttivitaFinanziarieDetenutePerLaNegoziazioneESulleAltreAttivitaPassivitaValutateAlFairValueConImpattoAContoEconomico_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Gain loss on financial assets held for trading and on other financial assets liabilities at fair value through profit or loss</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_UtiliPerditeDaAttivitaEPassivitaFinanziarieDesignateAlFairValueConImpattoAContoEconomico" xlink:label="ext_UtiliPerditeDaAttivitaEPassivitaFinanziarieDesignateAlFairValueConImpattoAContoEconomico" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_UtiliPerditeDaAttivitaEPassivitaFinanziarieDesignateAlFairValueConImpattoAContoEconomico" xlink:to="ext_UtiliPerditeDaAttivitaEPassivitaFinanziarieDesignateAlFairValueConImpattoAContoEconomico_lbl" xlink:type="arc"/>
      <link:label id="id_9790" xlink:label="ext_UtiliPerditeDaAttivitaEPassivitaFinanziarieDesignateAlFairValueConImpattoAContoEconomico_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Gains Losses on financial assets liabilities designated at fair value through profit or loss</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_UtiliPerditeDaAttivitaPassivitaFinanziarieObbligatoriamenteValutateAlFairValueConImpattoAContoEconomico" xlink:label="ext_UtiliPerditeDaAttivitaPassivitaFinanziarieObbligatoriamenteValutateAlFairValueConImpattoAContoEconomico" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_UtiliPerditeDaAttivitaPassivitaFinanziarieObbligatoriamenteValutateAlFairValueConImpattoAContoEconomico" xlink:to="ext_UtiliPerditeDaAttivitaPassivitaFinanziarieObbligatoriamenteValutateAlFairValueConImpattoAContoEconomico_lbl" xlink:type="arc"/>
      <link:label id="id_9792" xlink:label="ext_UtiliPerditeDaAttivitaPassivitaFinanziarieObbligatoriamenteValutateAlFairValueConImpattoAContoEconomico_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Gains Losses on financial assets liabilities mandatorily at fair value through profit or loss</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_UtiliPerditeDaCessioneORiacquistoDiAttivitaEPassivitaFinanziarie" xlink:label="ext_UtiliPerditeDaCessioneORiacquistoDiAttivitaEPassivitaFinanziarie" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_UtiliPerditeDaCessioneORiacquistoDiAttivitaEPassivitaFinanziarie" xlink:to="ext_UtiliPerditeDaCessioneORiacquistoDiAttivitaEPassivitaFinanziarie_lbl" xlink:type="arc"/>
      <link:label id="id_9793" xlink:label="ext_UtiliPerditeDaCessioneORiacquistoDiAttivitaEPassivitaFinanziarie_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Gains Losses on disposals and repurchase of financial assets and liabilities</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_UtiliPerditeDaModificheContrattualiSenzaCancellazioni" xlink:label="ext_UtiliPerditeDaModificheContrattualiSenzaCancellazioni" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_UtiliPerditeDaModificheContrattualiSenzaCancellazioni" xlink:to="ext_UtiliPerditeDaModificheContrattualiSenzaCancellazioni_lbl" xlink:type="arc"/>
      <link:label id="id_9796" xlink:label="ext_UtiliPerditeDaModificheContrattualiSenzaCancellazioni_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Gains Losses from contractual changes without derecognition</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_UtiliPerditeSuAttivitaFinanziarieDiverseDaiTitoliDiCapitaleValutateAlFairValueConImpattoSullaRedditivitaComplessivaAlNettoDelleImposte" xlink:label="ext_UtiliPerditeSuAttivitaFinanziarieDiverseDaiTitoliDiCapitaleValutateAlFairValueConImpattoSullaRedditivitaComplessivaAlNettoDelleImposte" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_UtiliPerditeSuAttivitaFinanziarieDiverseDaiTitoliDiCapitaleValutateAlFairValueConImpattoSullaRedditivitaComplessivaAlNettoDelleImposte" xlink:to="ext_UtiliPerditeSuAttivitaFinanziarieDiverseDaiTitoliDiCapitaleValutateAlFairValueConImpattoSullaRedditivitaComplessivaAlNettoDelleImposte_lbl" xlink:type="arc"/>
      <link:label id="id_9797" xlink:label="ext_UtiliPerditeSuAttivitaFinanziarieDiverseDaiTitoliDiCapitaleValutateAlFairValueConImpattoSullaRedditivitaComplessivaAlNettoDelleImposte_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Gains Losses on financial assets other than equity instruments measured at fair value through other comprehensive income net of tax</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_VariazioneStrumentiDiCapitale" xlink:label="ext_VariazioneStrumentiDiCapitale" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_VariazioneStrumentiDiCapitale" xlink:to="ext_VariazioneStrumentiDiCapitale_lbl" xlink:type="arc"/>
      <link:label id="id_9800" xlink:label="ext_VariazioneStrumentiDiCapitale_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Increase decrease due to equity instruments</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AccontiSuDividendiMember" xlink:label="ext_AccontiSuDividendiMember" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AccontiSuDividendiMember" xlink:to="ext_AccontiSuDividendiMember_lbl" xlink:type="arc"/>
      <link:label id="id_9801" xlink:label="ext_AccontiSuDividendiMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Interim dividends Member</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AltreRiserveMember" xlink:label="ext_AltreRiserveMember" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AltreRiserveMember" xlink:to="ext_AltreRiserveMember_lbl" xlink:type="arc"/>
      <link:label id="id_9803" xlink:label="ext_AltreRiserveMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Reserves not from profit not from valuation Member</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_AzioniProprieMember" xlink:label="ext_AzioniProprieMember" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AzioniProprieMember" xlink:to="ext_AzioniProprieMember_lbl" xlink:type="arc"/>
      <link:label id="id_9805" xlink:label="ext_AzioniProprieMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Treasury shares Member</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_CapitaleAltreAzioniMember" xlink:label="ext_CapitaleAltreAzioniMember" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_CapitaleAltreAzioniMember" xlink:to="ext_CapitaleAltreAzioniMember_lbl" xlink:type="arc"/>
      <link:label id="id_9807" xlink:label="ext_CapitaleAltreAzioniMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other shares Member</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_CapitaleAzioniOrdinarieMember" xlink:label="ext_CapitaleAzioniOrdinarieMember" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_CapitaleAzioniOrdinarieMember" xlink:to="ext_CapitaleAzioniOrdinarieMember_lbl" xlink:type="arc"/>
      <link:label id="id_9809" xlink:label="ext_CapitaleAzioniOrdinarieMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Ordinary shares Member</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_PeriodoPrecedenteT2" xlink:label="ext_PeriodoPrecedenteT2" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_PeriodoPrecedenteT2" xlink:to="ext_PeriodoPrecedenteT2_lbl" xlink:type="arc"/>
      <link:label id="id_9811" xlink:label="ext_PeriodoPrecedenteT2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Previously stated T-2</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RiserveDaUtiliMember" xlink:label="ext_RiserveDaUtiliMember" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RiserveDaUtiliMember" xlink:to="ext_RiserveDaUtiliMember_lbl" xlink:type="arc"/>
      <link:label id="id_9813" xlink:label="ext_RiserveDaUtiliMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Reserves from profit Member</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RiserveDaValutazioneDiPertinenzaDelleImpreseDiAssicurazioneMember" xlink:label="ext_RiserveDaValutazioneDiPertinenzaDelleImpreseDiAssicurazioneMember" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RiserveDaValutazioneDiPertinenzaDelleImpreseDiAssicurazioneMember" xlink:to="ext_RiserveDaValutazioneDiPertinenzaDelleImpreseDiAssicurazioneMember_lbl" xlink:type="arc"/>
      <link:label id="id_9815" xlink:label="ext_RiserveDaValutazioneDiPertinenzaDelleImpreseDiAssicurazioneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Valuation reserves pertaining to insurance companies Member</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_RiserveDaValutazioneMember" xlink:label="ext_RiserveDaValutazioneMember" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RiserveDaValutazioneMember" xlink:to="ext_RiserveDaValutazioneMember_lbl" xlink:type="arc"/>
      <link:label id="id_9817" xlink:label="ext_RiserveDaValutazioneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Valuation reserves Member</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_SovrapprezziDiEmissioneMember" xlink:label="ext_SovrapprezziDiEmissioneMember" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_SovrapprezziDiEmissioneMember" xlink:to="ext_SovrapprezziDiEmissioneMember_lbl" xlink:type="arc"/>
      <link:label id="id_9819" xlink:label="ext_SovrapprezziDiEmissioneMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Reserves from share premium Member</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_StrumentiDiCapitaleMember" xlink:label="ext_StrumentiDiCapitaleMember" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_StrumentiDiCapitaleMember" xlink:to="ext_StrumentiDiCapitaleMember_lbl" xlink:type="arc"/>
      <link:label id="id_9821" xlink:label="ext_StrumentiDiCapitaleMember_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Equity instruments Member</link:label>

      <link:loc xlink:href="2W8N8UU78PMDQKZENC08-2021-12-31.xsd#ext_UtilePerditadesercizio" xlink:label="ext_UtilePerditadesercizio" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_UtilePerditadesercizio" xlink:to="ext_UtilePerditadesercizio_lbl" xlink:type="arc"/>
      <link:label id="id_9823" xlink:label="ext_UtilePerditadesercizio_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">ProfitLoss</link:label>

   </link:labelLink>

</link:linkbase>