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    <labelArc xlink:type="arc" xlink:from="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains" xlink:to="label_NordeaBankAbp_Rapportoeverkassafloeden_AdjustmentsForUnrealisedForeignExchangeLossesGains_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="NordeaBankAbp_FoeraendringAvAterbaeringsmedelLifePensions" xlink:to="label_NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvAterbaeringsmedelLifePensions_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="NordeaBankAbp_FoeraendringAvTekniskaReserverLifePensions" xlink:to="label_NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvTekniskaReserverLifePensions_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="NordeaBankAbp_FörändringarAvVerkligtVärdeAvDenSäkradePostenTillgangarSkulderNetto" xlink:to="label_NordeaBankAbp_Rapportoeverkassafloeden_FörändringarAvVerkligtVärdeAvDenSäkradePostenTillgangarSkulderNetto_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_OtherAdjustmentsToReconcileProfitLoss" xlink:to="label_NordeaBankAbp_Rapportoeverkassafloeden_OtherAdjustmentsToReconcileProfitLoss_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:to="label_NordeaBankAbp_Rapportoeverkassafloeden_InterestReceivedClassifiedAsOperatingActivities_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:to="label_NordeaBankAbp_Rapportoeverkassafloeden_InterestPaidClassifiedAsOperatingActivities_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="NordeaBankAbp_UtlaningTillCentralbankerBetalbarVidAnfordran" xlink:to="label_NordeaBankAbp_Rapportoeverkassafloeden_UtlaningTillCentralbankerBetalbarVidAnfordran_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="NordeaBankAbp_UtlaningTillKreditinstitutBetalbarVidAnfordran" xlink:to="label_NordeaBankAbp_Rapportoeverkassafloeden_UtlaningTillKreditinstitutBetalbarVidAnfordran_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="NordeaBankAbp_FörändringarAvLeasingKontrakt" xlink:to="label_NordeaBankAbp_RapportoeverkassafloedenParenthetical_FörändringarAvLeasingKontrakt_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <label xlink:label="label_IncomeStatementAbstract" id="ifrs-full_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Resultat</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_InterestRevenueCalculatedUsingEffectiveInterestMethod_Standard" id="NordeaBankAbp_Resultat_InterestRevenueCalculatedUsingEffectiveInterestMethod_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Ränteintäkter från användande av effektivräntemetoden</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_RevenueFromInterest_Standard" id="NordeaBankAbp_Resultat_RevenueFromInterest_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övriga ränteintäkter</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_NegativAvkastningPaFinansiellaTillgangar_Standard" id="NordeaBankAbp_Resultat_NegativAvkastningPaFinansiellaTillgangar_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Negativ avkastning på ﬁnansiella tillgångar</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_InterestExpense_Standard" id="NordeaBankAbp_Resultat_InterestExpense_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Räntekostnader</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_NegativAvkastningPaFinansiellaSkulder_Standard" id="NordeaBankAbp_Resultat_NegativAvkastningPaFinansiellaSkulder_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Negativ avkastning på ﬁnansiella skulder</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_Raentenetto_Standard" id="NordeaBankAbp_Resultat_Raentenetto_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Räntenetto</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_FeeAndCommissionExpense_Standard" id="NordeaBankAbp_Resultat_FeeAndCommissionExpense_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Avgifts- och provisionskostnader</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_FeeAndCommissionIncomeExpense_Standard" id="NordeaBankAbp_Resultat_FeeAndCommissionIncomeExpense_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Avgifts- och provisionsnetto</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_NettoresultatAvPosterTillVerkligtVaerde_Standard" id="NordeaBankAbp_Resultat_NettoresultatAvPosterTillVerkligtVaerde_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Nettoresultat av poster till verkligt värde</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_Standard" id="NordeaBankAbp_Resultat_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Andelar i intresseföretags och joint ventures resultat enligt kapitalandelsmetoden</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_OtherIncome_Standard" id="NordeaBankAbp_Resultat_OtherIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övriga rörelseintäkter</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_SummaRoerelseintaekter_Standard" id="NordeaBankAbp_Resultat_SummaRoerelseintaekter_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Summa rörelseintäkter</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_EmployeeBenefitsExpense_Standard" id="NordeaBankAbp_Resultat_EmployeeBenefitsExpense_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Personalkostnader</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_OtherExpenseByNature_Standard" id="NordeaBankAbp_Resultat_OtherExpenseByNature_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övriga kostnader</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_Standard" id="NordeaBankAbp_Resultat_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Av- och nedskrivningar av materiella och immateriella tillgångar</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_SummaRoerelsekostnader_Standard" id="NordeaBankAbp_Resultat_SummaRoerelsekostnader_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Summa rörelsekostnader</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_ResultatFoereKreditfoerluster_Standard" id="NordeaBankAbp_Resultat_ResultatFoereKreditfoerluster_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Resultat före kreditförluster</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_NettoresultatAvUtlaningIPortfoeljerSomHallsTillFoerfallOchObligatorisktVaerderasTillVerkligtVaerde_Standard" id="NordeaBankAbp_Resultat_NettoresultatAvUtlaningIPortfoeljerSomHallsTillFoerfallOchObligatorisktVaerderasTillVerkligtVaerde_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Nettoresultat av utlåning i portföljer som hålls till förfall och obligatoriskt värderas till verkligt värde</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9_Standard" id="NordeaBankAbp_Resultat_ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kreditförluster, netto</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_ProfitLossBeforeTax_Standard" id="NordeaBankAbp_Resultat_ProfitLossBeforeTax_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Rörelseresultat</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_IncomeTaxExpenseContinuingOperations_Standard" id="NordeaBankAbp_Resultat_IncomeTaxExpenseContinuingOperations_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skatt</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_ProfitLoss_Standard" id="NordeaBankAbp_Resultat_ProfitLoss_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Årets resultat</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_ProfitLossAttributableToOwnersOfParent_Standard" id="NordeaBankAbp_Resultat_ProfitLossAttributableToOwnersOfParent_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Aktieägare i Nordea Bank Abp</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_InnehavareAvOevrigtPrimaerkapital_Standard" id="NordeaBankAbp_Resultat_InnehavareAvOevrigtPrimaerkapital_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Innehavare av övrigt primärkapital</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_ProfitLossAttributableToNoncontrollingInterests_Standard" id="NordeaBankAbp_Resultat_ProfitLossAttributableToNoncontrollingInterests_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Minoritetsintressen</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_BasicEarningsLossPerShare_Standard" id="NordeaBankAbp_Resultat_BasicEarningsLossPerShare_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Resultat per aktie före utspädning, euro</label>
    <label xlink:label="label_NordeaBankAbp_Resultat_DilutedEarningsLossPerShare_Standard" id="NordeaBankAbp_Resultat_DilutedEarningsLossPerShare_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Resultat per aktie efter utspädning, euro</label>
    <label xlink:label="label_StatementOfComprehensiveIncomeAbstract" id="ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Rapport över totalresultat</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Valutakursdifferenser</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skatt på valutakursdifferenser</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Värdeförändringar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_IncomeTaxRelatingToHedgesOfNetInvestmentsInForeignOperationsOfOtherComprehensiveIncome_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_IncomeTaxRelatingToHedgesOfNetInvestmentsInForeignOperationsOfOtherComprehensiveIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skatt på värdeförändringar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Värdeförändringar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skatt på värdeförändringar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Omklassificerat till resultaträkningen</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_SkattPaOmklassiceratTillResultatraekningen_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_SkattPaOmklassiceratTillResultatraekningen_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skatt på omklassiﬁcerat till resultaträkningen</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_GainsLossesOnCashFlowHedgesBeforeTax_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_GainsLossesOnCashFlowHedgesBeforeTax_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Värdeförändringar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skatt på värdeförändringar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Omklassificerat till resultaträkningen2</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skatt på omklassificerat till resultaträkningen2</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Värdeförändringar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skatt på värdeförändringar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Omvärdering av förmånsbestämda pensionsplaner</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skatt på värdeförändringar förmånsbestämda pensionsplaner</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övrigt totalresultat från intresseföretag</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_IncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLoss_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_IncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLoss_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skatt på övrigt totalresultat från intresseföretag</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_OtherComprehensiveIncome_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_OtherComprehensiveIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övrigt totalresultat, netto efter skatt</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_ComprehensiveIncomeAttributableToOwnersOfParent_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_ComprehensiveIncomeAttributableToOwnersOfParent_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Aktieägare i Nordea Bank Abp</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_InnehavareAvHybridkapitalinstrument_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_InnehavareAvHybridkapitalinstrument_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Innehavare av hybridkapitalinstrument</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoevertotalresultat_ComprehensiveIncomeAttributableToNoncontrollingInterests_Standard" id="NordeaBankAbp_Rapportoevertotalresultat_ComprehensiveIncomeAttributableToNoncontrollingInterests_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Minoritetsintressen</label>
    <label xlink:label="label_StatementOfFinancialPositionAbstract" id="ifrs-full_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Rapport över finansiell ställning</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_KassaOchTillgodohavandenHosCentralbanker_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_KassaOchTillgodohavandenHosCentralbanker_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kassa och tillgodohavanden hos centralbanker</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_UtlaningTillCentralbanker_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_UtlaningTillCentralbanker_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Utlåning till centralbanker</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_UtlaningTillKreditinstitut_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_UtlaningTillKreditinstitut_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Utlåning till kreditinstitut</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_UtlaningTillAllmaenheten_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_UtlaningTillAllmaenheten_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Utlåning till allmänheten</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_DebtInstrumentsHeld_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_DebtInstrumentsHeld_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Räntebärande värdepapper</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_NoncashAssetsPledgedAsCollateralForWhichTransfereeHasRightByContractOrCustomToSellOrRepledgeCollateral_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_NoncashAssetsPledgedAsCollateralForWhichTransfereeHasRightByContractOrCustomToSellOrRepledgeCollateral_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Pantsatta ﬁnansiella instrument</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_EquityInstrumentsHeld_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_EquityInstrumentsHeld_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Aktier och andelar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_TillgangarIPlaceringsportfoeljerOchFondfoersaekringsavtal_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_TillgangarIPlaceringsportfoeljerOchFondfoersaekringsavtal_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Tillgångar i placeringsportföljer och fondförsäkringsavtal</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_DerivativeFinancialAssets_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_DerivativeFinancialAssets_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Derivatinstrument</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändringar av verkligt värde för räntesäkrade poster i säkringsportföljer</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_InvestmentAccountedForUsingEquityMethod_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_InvestmentAccountedForUsingEquityMethod_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Aktier och andelar i intresseföretag och joint ventures</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_IntangibleAssetsAndGoodwill_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_IntangibleAssetsAndGoodwill_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Immateriella tillgångar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_PropertyPlantAndEquipment_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_PropertyPlantAndEquipment_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Materiella tillgångar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_RecognisedAssetsDefinedBenefitPlan_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_RecognisedAssetsDefinedBenefitPlan_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Pensionstillgångar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_Assets_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_Assets_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Summa tillgångar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_SkulderTillKreditinstitut_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_SkulderTillKreditinstitut_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skulder till kreditinstitut</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_InOchUpplaningFranAllmaenheten_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_InOchUpplaningFranAllmaenheten_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">In- och upplåning från allmänheten</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_InlaningIPlaceringsportfoeljerOchFondfoersaekringsavtal_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_InlaningIPlaceringsportfoeljerOchFondfoersaekringsavtal_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Inlåning i placeringsportföljer och fondförsäkringsavtal</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_InsuranceContractsIssuedThatAreLiabilities_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_InsuranceContractsIssuedThatAreLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skulder till försäkringstagare</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_DebtSecurities_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_DebtSecurities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Emitterade värdepapper</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_DerivativeFinancialLiabilities_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_DerivativeFinancialLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Derivatinstrument</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändringar av verkligt värde för räntesäkrade poster i säkringsportföljer</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_CurrentAccruedExpensesAndOtherCurrentLiabilities_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_CurrentAccruedExpensesAndOtherCurrentLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Upplupna kostnader och förutbetalda intäkter</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_RecognisedLiabilitiesDefinedBenefitPlan_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_RecognisedLiabilitiesDefinedBenefitPlan_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Pensionsförpliktelser</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_Liabilities_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_Liabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Summa skulder</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_InnehavareAvOevrigtPrimaerkapitalBS_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_InnehavareAvOevrigtPrimaerkapitalBS_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Innehavare av övrigt primärkapital</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_NoncontrollingInterests_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_NoncontrollingInterests_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Minoritetsintressen</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_IssuedCapital_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_IssuedCapital_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Aktiekapital</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_InvesteratEgetKapital_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_InvesteratEgetKapital_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Investerat eget kapital</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_Equity_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_Equity_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Summa eget kapital</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfinansiellstaellning_EquityAndLiabilities_Standard" id="NordeaBankAbp_Rapportoeverfinansiellstaellning_EquityAndLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Summa skulder och eget kapital</label>
    <label xlink:label="label_NordeaBankAbp_InvesteratfrittegetkapitalMember" id="NordeaBankAbp_InvesteratfrittegetkapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">InvesteratFrittEgetKapital</label>
    <label xlink:label="label_NordeaBankAbp_OevrigtPrimaerkapitalMember" id="NordeaBankAbp_OevrigtPrimaerkapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övrigt primärkapital</label>
    <label xlink:label="label_StatementOfChangesInEquityAbstract" id="ifrs-full_StatementOfChangesInEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Rapport över förändringar i eget kapital</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_Equity_Standard" id="NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_Equity_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Balans per 1 jan 2020</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_Standard" id="NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Valutakursdifferenser</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax_Standard" id="NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Värdeförändringar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_Standard" id="NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Värdeförändringar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_SkattPaOmklassificeratTillResultatrakningen_Standard" id="NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_SkattPaOmklassificeratTillResultatrakningen_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skatt på omklassificerat till resultaträkningen</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_Standard" id="NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Värdeförändringar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_Standard" id="NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">pensionsplaner</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossBeforeTax_Standard" id="NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossBeforeTax_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övrigt totalresultat från företag som redovisas enligt kapitalandelsmetoden</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_IncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLoss_Standard" id="NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_IncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLoss_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">kapitalandelsmetoden</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_BetaldRaentaOevrigtPrimaerkapital_Standard" id="NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_BetaldRaentaOevrigtPrimaerkapital_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Betald ränta övrigt primärkapital</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_IncreaseDecreaseThroughSharebasedPaymentTransactions_Standard" id="NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_IncreaseDecreaseThroughSharebasedPaymentTransactions_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Aktierelaterade ersättningar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_IncreaseDecreaseThroughTreasuryShareTransactions_Standard" id="NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_IncreaseDecreaseThroughTreasuryShareTransactions_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Köp av egna aktier5</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_Standard" id="NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övriga förändringar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_FoeraendringIMinoritetsintressen_Standard" id="NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_FoeraendringIMinoritetsintressen_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring i minoritetsintressen</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_Standard" id="NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Valutakursdifferenser</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_FörändringIInnehavareAvÖvrigtPrimaerkapital_Standard" id="NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_FörändringIInnehavareAvÖvrigtPrimaerkapital_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring i innehavare av övrigt primärkapital</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_DividendsPaid_Standard" id="NordeaBankAbp_Rapportoeverfoeraendringariegetkapital_DividendsPaid_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Utdelning för 2018</label>
    <label xlink:label="label_StatementOfCashFlowsAbstract" id="ifrs-full_StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Rapport över kassaflöden</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_OtherAdjustmentsForNoncashItems_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_OtherAdjustmentsForNoncashItems_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Justering för poster som inte ingår i kassaflödet</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_IncomeTaxesPaidClassifiedAsOperatingActivities_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_IncomeTaxesPaidClassifiedAsOperatingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Betalda inkomstskatter</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_KassaflödeFrånDenLöpandeVerksamhetenFöreFörändringAvDenLoepandeVerksamhetensTillgangarOchSkulder_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_KassaflödeFrånDenLöpandeVerksamhetenFöreFörändringAvDenLoepandeVerksamhetensTillgangarOchSkulder_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kassaflöde från den löpnade verksamheten före förändring av den löpande verksamhetens tillgångar och skulder</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvUtlaningTillCentralbanker_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvUtlaningTillCentralbanker_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av utlåning till centralbanker</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvUtlaningTillKreditinstitut_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvUtlaningTillKreditinstitut_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av utlåning till kreditinstitut</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvUtlaningTillAllmaenheten_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvUtlaningTillAllmaenheten_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av utlåning till allmänheten</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvRaentebaerandeVaerdepapper_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvRaentebaerandeVaerdepapper_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av räntebärande värdepapper</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvPantsattanansiellaInstrument_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvPantsattanansiellaInstrument_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av pantsatta ﬁnansiella instrument</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvAktierOchAndelar_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvAktierOchAndelar_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av aktier och andelar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvDerivatinstrumentNetto_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvDerivatinstrumentNetto_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av derivatinstrument, netto</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvFoervaltningsfastigheter_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvFoervaltningsfastigheter_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av förvaltningsfastigheter</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_AdjustmentsForDecreaseIncreaseInOtherAssets_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_AdjustmentsForDecreaseIncreaseInOtherAssets_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av övriga tillgångar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_DividendsReceivedClassifiedAsOperatingActivities_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_DividendsReceivedClassifiedAsOperatingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Erhållen utdelning från intresseföretag</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvSkulderTillKreditinstitut_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvSkulderTillKreditinstitut_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av skulder till kreditinstitut</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvInOchUpplaningFranAllmaenheten_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvInOchUpplaningFranAllmaenheten_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av in- och upplåning från allmänheten</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvSkulderTillFoersaekringstagare_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvSkulderTillFoersaekringstagare_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av skulder till försäkringstagare</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvEmitteradeVaerdepapper_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvEmitteradeVaerdepapper_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av emitterade värdepapper</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_AdjustmentsForIncreaseDecreaseInOtherLiabilities_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_AdjustmentsForIncreaseDecreaseInOtherLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av övriga skulder</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_CashFlowsFromUsedInOperations_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_CashFlowsFromUsedInOperations_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kassaflöde från den löpande verksamheten</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förvärv av rörelser</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_ProceedsFromSalesOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_ProceedsFromSalesOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Avyttring av rörelser</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förvärv av intresseföretag och joint ventures</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_ProceedsFromSalesOfInterestsInAssociates_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_ProceedsFromSalesOfInterestsInAssociates_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Avyttring av intresseföretag</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förvärv av materiella tillgångar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Avyttring av materiella tillgångar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förvärv av immateriella tillgångar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_CashFlowsFromUsedInInvestingActivities_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_CashFlowsFromUsedInInvestingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kassaflöde från investeringsverksamheten</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_ProceedsFromIssueOfSubordinatedLiabilities_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_ProceedsFromIssueOfSubordinatedLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Emission av efterställda skulder</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_RepaymentsOfSubordinatedLiabilities_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_RepaymentsOfSubordinatedLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Amortering av efterställda skulder</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_BetaldRaentaPaOevrigtPrimaerkapital_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_BetaldRaentaPaOevrigtPrimaerkapital_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Betald ränta på övrigt primärkapital</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_ProceedsFromSaleOrIssueOfTreasuryShares_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_ProceedsFromSaleOrIssueOfTreasuryShares_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Försäljning/återköp av egna aktier, inklusive förändringar i tradingportföljen</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_DividendsPaidClassifiedAsFinancingActivities_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_DividendsPaidClassifiedAsFinancingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Utbetald utdelning</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kapitalandelen av leasingutbetalningar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_CashFlowsFromUsedInFinancingActivities_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_CashFlowsFromUsedInFinancingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kassaflöde från ﬁnansieringsverksamheten</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Årets kassaflöde</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_CashAndCashEquivalents_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_CashAndCashEquivalents_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Likvida medel vid årets början</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_EffectOfExchangeRateChangesOnCashAndCashEquivalents_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_EffectOfExchangeRateChangesOnCashAndCashEquivalents_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Omräkningsdifferens</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_IncreaseDecreaseInCashAndCashEquivalents_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_IncreaseDecreaseInCashAndCashEquivalents_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_AdjustmentsForDepreciationAndAmortisationExpense_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_AdjustmentsForDepreciationAndAmortisationExpense_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Avskrivningar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Nedskrivningar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossLoansAndAdvances_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossLoansAndAdvances_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kreditförluster</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_NettoresultatAvUtlåningiPortföljerSomHållsTillFoerfallOchObligatorisktVaerderasTillVerkligtVaerde_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_NettoresultatAvUtlåningiPortföljerSomHållsTillFoerfallOchObligatorisktVaerderasTillVerkligtVaerde_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Nettoresultat av utlåning i portföljer som hålls tillförfall och obligatoriskt värderas till verkligt värde</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_AdjustmentsForFairValueGainsLosses_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_AdjustmentsForFairValueGainsLosses_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Orealiserade värdeförändringar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_RealisationsvinsterFoerlusterNetto_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_RealisationsvinsterFoerlusterNetto_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Realisationsvinster/-förluster, netto</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_AdjustmentsForProvisions_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_AdjustmentsForProvisions_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av upplupna kostander/intäkter och avsättningar</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_AdjustmentsForUnrealisedForeignExchangeLossesGains_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_AdjustmentsForUnrealisedForeignExchangeLossesGains_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Omräkningsdifferenser</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvAterbaeringsmedelLifePensions_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvAterbaeringsmedelLifePensions_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av återbäringsmedel, Life &amp; Pensions</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvTekniskaReserverLifePensions_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_FoeraendringAvTekniskaReserverLifePensions_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av tekniska reserver, Life &amp; Pensions</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_FörändringarAvVerkligtVärdeAvDenSäkradePostenTillgangarSkulderNetto_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_FörändringarAvVerkligtVärdeAvDenSäkradePostenTillgangarSkulderNetto_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändringar av verkligt värde av den säkrade posten, tillgångar/skulder (netto)</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_OtherAdjustmentsToReconcileProfitLoss_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_OtherAdjustmentsToReconcileProfitLoss_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övrigt</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_InterestReceivedClassifiedAsOperatingActivities_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_InterestReceivedClassifiedAsOperatingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Erhållen ränta</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_InterestPaidClassifiedAsOperatingActivities_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_InterestPaidClassifiedAsOperatingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Betald ränta</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_UtlaningTillCentralbankerBetalbarVidAnfordran_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_UtlaningTillCentralbankerBetalbarVidAnfordran_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Utlåning till centralbanker betalbar vid anfordran</label>
    <label xlink:label="label_NordeaBankAbp_Rapportoeverkassafloeden_UtlaningTillKreditinstitutBetalbarVidAnfordran_Standard" id="NordeaBankAbp_Rapportoeverkassafloeden_UtlaningTillKreditinstitutBetalbarVidAnfordran_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Utlåning till kreditinstitut, betalbar vid anfordran</label>
    <label xlink:label="label_NordeaBankAbp_RapportoeverkassafloedenParenthetical_FörändringarAvLeasingKontrakt_Standard" id="NordeaBankAbp_RapportoeverkassafloedenParenthetical_FörändringarAvLeasingKontrakt_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändringar Av Leasing Kontrakt</label>
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