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    <label xlink:label="label_nordea_ifrs-fullRevenueFromInterest_Standard" id="nordea_ifrs-fullRevenueFromInterest_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övriga ränteintäkter</label>
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    <label xlink:label="label_nordea_ifrs-fullInterestRevenueExpense_Standard" id="nordea_ifrs-fullInterestRevenueExpense_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Räntenetto</label>
    <label xlink:label="label_nordea_ifrs-fullFeeAndCommissionIncome_Total" id="nordea_ifrs-fullFeeAndCommissionIncome_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Avgifts- och provisionsintäkter</label>
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    <label xlink:label="label_nordea_ifrs-fullFeeAndCommissionIncomeExpense_Standard" id="nordea_ifrs-fullFeeAndCommissionIncomeExpense_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Avgifts- och provisionsnetto</label>
    <label xlink:label="label_nordea_nordeaNettoResultatAvPosterTillverkligtVarde_Standard" id="nordea_nordeaNettoResultatAvPosterTillverkligtVarde_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Nettoresultatavpostertillverkligtvarde</label>
    <label xlink:label="label_nordea_ifrs-fullShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_Standard" id="nordea_ifrs-fullShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_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_nordea_ifrs-fullOtherIncome_Standard" id="nordea_ifrs-fullOtherIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övriga rörelseintäkter</label>
    <label xlink:label="label_nordea_ifrs-fullRevenueAndOperatingIncome_Standard" id="nordea_ifrs-fullRevenueAndOperatingIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Summa rörelseintäkter</label>
    <label xlink:label="label_nordea_ifrs-fullEmployeeBenefitsExpense_Standard" id="nordea_ifrs-fullEmployeeBenefitsExpense_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Personalkostnader</label>
    <label xlink:label="label_nordea_ifrs-fullOtherExpenseByNature_Standard" id="nordea_ifrs-fullOtherExpenseByNature_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övriga kostnader</label>
    <label xlink:label="label_nordea_nordeaLagstadgadeavgifter_Standard" id="nordea_nordeaLagstadgadeavgifter_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Lagstadgade avgifter</label>
    <label xlink:label="label_nordea_ifrs-fullDepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_Standard" id="nordea_ifrs-fullDepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_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_nordea_ifrs-fullOperatingExpense_Standard" id="nordea_ifrs-fullOperatingExpense_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Summa rörelsekostnader</label>
    <label xlink:label="label_nordea_nordeaResultatForeKreditforluster_Standard" id="nordea_nordeaResultatForeKreditforluster_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Resultat före kreditförluster</label>
    <label xlink:label="label_nordea_nordeaNettoresultatAvUtlaningIPortfoeljerSomHallsTillFoerfallOchObligatorisktVaerderasTillVerkligtVaerde_Standard" id="nordea_nordeaNettoresultatAvUtlaningIPortfoeljerSomHallsTillFoerfallOchObligatorisktVaerderasTillVerkligtVaerde_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_nordea_ifrs-fullImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9_Standard" id="nordea_ifrs-fullImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kreditförluster, netto</label>
    <label xlink:label="label_nordea_ifrs-fullProfitLossBeforeTax_Standard" id="nordea_ifrs-fullProfitLossBeforeTax_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Rörelseresultat</label>
    <label xlink:label="label_nordea_ifrs-fullIncomeTaxExpenseContinuingOperations_Standard" id="nordea_ifrs-fullIncomeTaxExpenseContinuingOperations_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skatt</label>
    <label xlink:label="label_nordea_ifrs-fullProfitLoss_Standard" id="nordea_ifrs-fullProfitLoss_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Årets reslutat</label>
    <label xlink:label="label_nordea_ifrs-fullProfitLossAttributableToOwnersOfParent_Standard" id="nordea_ifrs-fullProfitLossAttributableToOwnersOfParent_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_nordea_nordeaInnehavareAvOvrigtPrimarkapital_Standard" id="nordea_nordeaInnehavareAvOvrigtPrimarkapital_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_nordea_ifrs-fullProfitLossAttributableToNoncontrollingInterests_Standard" id="nordea_ifrs-fullProfitLossAttributableToNoncontrollingInterests_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Non-controlling interests</label>
    <label xlink:label="label_nordea_ifrs-fullProfitLoss_Total" id="nordea_ifrs-fullProfitLoss_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Årets reslutat</label>
    <label xlink:label="label_nordea_ifrs-fullBasicEarningsLossPerShare_Standard" id="nordea_ifrs-fullBasicEarningsLossPerShare_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_nordea_ifrs-fullDilutedEarningsLossPerShare_Total" id="nordea_ifrs-fullDilutedEarningsLossPerShare_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Resultat per aktie före utspädning, euro</label>
    <label xlink:label="label_nordea_ifrs-fullOtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_Total" id="nordea_ifrs-fullOtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Valutakursdifferenser</label>
    <label xlink:label="label_nordea_ifrs-fullReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_NegatedLabel" id="nordea_ifrs-fullReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_NegatedLabel" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="sv">Currencytranslationdifferencestransferredtotheincomestatement</label>
    <label xlink:label="label_nordea_ifrs-fullIncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome_NegatedLabel" id="nordea_ifrs-fullIncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome_NegatedLabel" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="sv">Tax on currency translation differences</label>
    <label xlink:label="label_nordea_ifrs-fullGainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax_Standard" id="nordea_ifrs-fullGainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Värdeförändringar</label>
    <label xlink:label="label_nordea_ifrs-fullReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax_Standard" id="nordea_ifrs-fullReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Valuation gains losses transferred to the income statement, net of tax</label>
    <label xlink:label="label_nordea_ifrs-fullOtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_Standard" id="nordea_ifrs-fullOtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Valuation gains/losses during the year</label>
    <label xlink:label="label_nordea_ifrs-fullIncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_Standard" id="nordea_ifrs-fullIncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">SkattpåvärdeförändringarFVOCI</label>
    <label xlink:label="label_nordea_ifrs-fullReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_Standard" id="nordea_ifrs-fullReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Omklassificerat till resultaträkningen</label>
    <label xlink:label="label_nordea_nordeaSkattPaOmklassificeratTillResultatrakningenFVOCI_Standard" id="nordea_nordeaSkattPaOmklassificeratTillResultatrakningenFVOCI_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skatt på omklassificerat till resultaträkningenFVOCI</label>
    <label xlink:label="label_nordea_ifrs-fullGainsLossesOnCashFlowHedgesBeforeTax_Standard" id="nordea_ifrs-fullGainsLossesOnCashFlowHedgesBeforeTax_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Valuation gains/losses</label>
    <label xlink:label="label_nordea_ifrs-fullIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_Standard" id="nordea_ifrs-fullIncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">SkattpåvärdeförändringarCF</label>
    <label xlink:label="label_nordea_ifrs-fullReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_Standard" id="nordea_ifrs-fullReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Omklassificerat till reslutaträkningen</label>
    <label xlink:label="label_nordea_nordeaSkattPaOmklassificeratTillResultaträkningenCF_Standard" id="nordea_nordeaSkattPaOmklassificeratTillResultaträkningenCF_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skatt på omklassificerat till reslutaträkningeCF</label>
    <label xlink:label="label_nordea_ifrs-fullOtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_Standard" id="nordea_ifrs-fullOtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Värdeförändringar</label>
    <label xlink:label="label_nordea_ifrs-fullIncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome_Standard" id="nordea_ifrs-fullIncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skatt på värdeförändringar</label>
    <label xlink:label="label_nordea_ifrs-fullOtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_Standard" id="nordea_ifrs-fullOtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Omvärdering av pensionsplaner</label>
    <label xlink:label="label_nordea_ifrs-fullIncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_Standard" id="nordea_ifrs-fullIncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skatt hänförligt till förmånsbestämda planer</label>
    <label xlink:label="label_nordea_ifrs-fullShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossBeforeTax_Standard" id="nordea_ifrs-fullShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossBeforeTax_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_nordea_ifrs-fullIncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLoss_Standard" id="nordea_ifrs-fullIncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLoss_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_nordea_ifrs-fullOtherComprehensiveIncome_Standard" id="nordea_ifrs-fullOtherComprehensiveIncome_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_nordea_ifrs-fullComprehensiveIncome_Standard" id="nordea_ifrs-fullComprehensiveIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">ForandringIMinoritetsintressen</label>
    <label xlink:label="label_nordea_ifrs-fullComprehensiveIncomeAttributableToOwnersOfParent_Standard" id="nordea_ifrs-fullComprehensiveIncomeAttributableToOwnersOfParent_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Shareholders of Nordea Bank Abp (Nordea Bank AB (publ))</label>
    <label xlink:label="label_nordea_nordeaKassaOchTillgodohavandenHosCentralbanker_Standard" id="nordea_nordeaKassaOchTillgodohavandenHosCentralbanker_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_nordea_nordeaUtlaningTillCentralbanker_Standard" id="nordea_nordeaUtlaningTillCentralbanker_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Utlåning till centralbanker</label>
    <label xlink:label="label_nordea_nordeaUtlaningTillKreditinstitut_Standard" id="nordea_nordeaUtlaningTillKreditinstitut_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Utlåning till kreditinstitut</label>
    <label xlink:label="label_nordea_nordeaUtlaningTillAllmanheten_Standard" id="nordea_nordeaUtlaningTillAllmanheten_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Utlåning till allmänheten</label>
    <label xlink:label="label_nordea_ifrs-fullDebtInstrumentsHeld_Standard" id="nordea_ifrs-fullDebtInstrumentsHeld_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Räntebärande värdepapper</label>
    <label xlink:label="label_nordea_ifrs-fullNoncashAssetsPledgedAsCollateralForWhichTransfereeHasRightByContractOrCustomToSellOrRepledgeCollateral_Standard" id="nordea_ifrs-fullNoncashAssetsPledgedAsCollateralForWhichTransfereeHasRightByContractOrCustomToSellOrRepledgeCollateral_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Pantsatta ﬁnansiella instrument</label>
    <label xlink:label="label_nordea_ifrs-fullEquityInstrumentsHeld_Standard" id="nordea_ifrs-fullEquityInstrumentsHeld_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Aktier och andelar</label>
    <label xlink:label="label_nordea_nordeaTillgangarIPlaceringsportfoeljerOchFondfoersaekringsavtal_Standard" id="nordea_nordeaTillgangarIPlaceringsportfoeljerOchFondfoersaekringsavtal_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_nordea_ifrs-fullDerivativeFinancialAssets_Standard" id="nordea_ifrs-fullDerivativeFinancialAssets_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Derivatinstrument</label>
    <label xlink:label="label_nordea_ifrs-fullAccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets_Standard" id="nordea_ifrs-fullAccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av verkligt värde för räntesäkrade poster</label>
    <label xlink:label="label_nordea_ifrs-fullInvestmentAccountedForUsingEquityMethod_Standard" id="nordea_ifrs-fullInvestmentAccountedForUsingEquityMethod_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_nordea_ifrs-fullIntangibleAssetsAndGoodwill_Standard" id="nordea_ifrs-fullIntangibleAssetsAndGoodwill_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Immateriella tillgångar</label>
    <label xlink:label="label_nordea_nordeaMateriellaTillgangar_Standard" id="nordea_nordeaMateriellaTillgangar_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Materiella tillgångar</label>
    <label xlink:label="label_nordea_ifrs-fullRecognisedAssetsDefinedBenefitPlan_Standard" id="nordea_ifrs-fullRecognisedAssetsDefinedBenefitPlan_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Pensionstillgångar</label>
    <label xlink:label="label_nordea_nordeaForutbetaldaKostnaderochUpplupnaIntakter_Standard" id="nordea_nordeaForutbetaldaKostnaderochUpplupnaIntakter_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förutbetalda kostnader och upplupna intäkter</label>
    <label xlink:label="label_nordea_ifrs-fullNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_Standard" id="nordea_ifrs-fullNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Tillgångar som innehas för försäljning</label>
    <label xlink:label="label_nordea_ifrs-fullAssets_Standard" id="nordea_ifrs-fullAssets_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Summa tillgångar</label>
    <label xlink:label="label_nordea_nordeaSkulderTillKreditinstitut_Standard" id="nordea_nordeaSkulderTillKreditinstitut_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skulder till kreditinstitut</label>
    <label xlink:label="label_nordea_nordeaInOchUpplaningFranAllmanheten_Standard" id="nordea_nordeaInOchUpplaningFranAllmanheten_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_nordea_nordeaInlaningIPlaceringsportfoljerOchFondforsakringsavtal_Standard" id="nordea_nordeaInlaningIPlaceringsportfoljerOchFondforsakringsavtal_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_nordea_ifrs-fullInsuranceContractsIssuedThatAreLiabilities_Standard" id="nordea_ifrs-fullInsuranceContractsIssuedThatAreLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skulder till försäkringstagare</label>
    <label xlink:label="label_nordea_ifrs-fullDebtSecurities_Standard" id="nordea_ifrs-fullDebtSecurities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Emitterade värdepapper</label>
    <label xlink:label="label_nordea_ifrs-fullDerivativeFinancialLiabilities_Standard" id="nordea_ifrs-fullDerivativeFinancialLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Derivatinstrument</label>
    <label xlink:label="label_nordea_ifrs-fullAccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities_Standard" id="nordea_ifrs-fullAccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av verkligt värde för räntesäkrade poster</label>
    <label xlink:label="label_nordea_nordeaUpplupnaKostnaderochFörutbetaldaIntäkter_Standard" id="nordea_nordeaUpplupnaKostnaderochFörutbetaldaIntäkter_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_nordea_ifrs-fullRecognisedLiabilitiesDefinedBenefitPlan_Standard" id="nordea_ifrs-fullRecognisedLiabilitiesDefinedBenefitPlan_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Pensionsförpliktelser</label>
    <label xlink:label="label_nordea_ifrs-fullLiabilities_Standard" id="nordea_ifrs-fullLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Summa skulder</label>
    <label xlink:label="label_nordea_nordeaInnehavareavovrigtprimarkapitalEQ_Standard" id="nordea_nordeaInnehavareavovrigtprimarkapitalEQ_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_nordea_ifrs-fullNoncontrollingInterests_Standard" id="nordea_ifrs-fullNoncontrollingInterests_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Minoritetsintressen</label>
    <label xlink:label="label_nordea_ifrs-fullIssuedCapital_Standard" id="nordea_ifrs-fullIssuedCapital_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Aktiekapital</label>
    <label xlink:label="label_nordea_nordeaInvesterategetkapital_Standard" id="nordea_nordeaInvesterategetkapital_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Investerat eget kapital</label>
    <label xlink:label="label_nordea_ifrs-fullEquity_Standard" id="nordea_ifrs-fullEquity_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Total equity</label>
    <label xlink:label="label_nordea_ifrs-fullEquityAndLiabilities_Standard" id="nordea_ifrs-fullEquityAndLiabilities_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_nordea_InvesteratFrittEgetKapitalMember" id="nordea_InvesteratFrittEgetKapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Investerat fritt eget kapital</label>
    <label xlink:label="label_nordea_InnehavareavovrigtprimarkapitalMember" id="nordea_InnehavareavovrigtprimarkapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Innehavareavovrigtprimarkapital</label>
    <label xlink:label="label_nordea_ifrs-fullEquity_PeriodStart" id="nordea_ifrs-fullEquity_PeriodStart" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="sv">Balance per 31 dec 2021</label>
    <label xlink:label="label_nordea_ifrs-fullOtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_Standard" id="nordea_ifrs-fullOtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Valutakursdifferenser</label>
    <label xlink:label="label_nordea_ifrs-fullReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_Standard" id="nordea_ifrs-fullReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">to the income statement, net of tax</label>
    <label xlink:label="label_nordea_ifrs-fullIncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome_Standard" id="nordea_ifrs-fullIncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skatt på valutakursdifferenser</label>
    <label xlink:label="label_nordea_ifrs-fullGainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_Standard" id="nordea_ifrs-fullGainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Värdeförändringar</label>
    <label xlink:label="label_nordea_ifrs-fullOtherComprehensiveIncomeBeforeTaxCashFlowHedges_Standard" id="nordea_ifrs-fullOtherComprehensiveIncomeBeforeTaxCashFlowHedges_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Värdeförändringar</label>
    <label xlink:label="label_nordea_nordeaSkattPaOmklassificeratTillResultatrakningenCF_Standard" id="nordea_nordeaSkattPaOmklassificeratTillResultatrakningenCF_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skatt på omklassificerat till resultaträkningenCF</label>
    <label xlink:label="label_nordea_Innehavareavovrigtprimarkapitalmember" id="nordea_Innehavareavovrigtprimarkapitalmember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">InnehavareavovrigtprimarkapitalMember</label>
    <label xlink:label="label_nordea_nordeaBetaldRantaOvrigtPrimarkapital_Standard" id="nordea_nordeaBetaldRantaOvrigtPrimarkapital_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">BetaldRantaOvrigtPrimarkapital</label>
    <label xlink:label="label_nordea_nordeaForandingIInnehavareAvPrimarkapital_Standard" id="nordea_nordeaForandingIInnehavareAvPrimarkapital_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Forandringiinnehavareavprimarkapital</label>
    <label xlink:label="label_nordea_ifrs-fullIncreaseDecreaseThroughSharebasedPaymentTransactions_Standard" id="nordea_ifrs-fullIncreaseDecreaseThroughSharebasedPaymentTransactions_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Aktierelaterade ersättningar</label>
    <label xlink:label="label_nordea_ifrs-fullDividendsPaid_Standard" id="nordea_ifrs-fullDividendsPaid_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Utdelning</label>
    <label xlink:label="label_nordea_ifrs-fullIncreaseDecreaseThroughTreasuryShareTransactions_Standard" id="nordea_ifrs-fullIncreaseDecreaseThroughTreasuryShareTransactions_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Köp av egna aktier</label>
    <label xlink:label="label_nordea_ifrs-fullIncreaseDecreaseThroughTransfersAndOtherChangesEquity_Standard" id="nordea_ifrs-fullIncreaseDecreaseThroughTransfersAndOtherChangesEquity_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övriga förändringar</label>
    <label xlink:label="label_nordea_nordeaForandringIMinoritetsintressen_Standard" id="nordea_nordeaForandringIMinoritetsintressen_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring i minoritetsintressen</label>
    <label xlink:label="label_nordea_ifrs-fullEquity_PeriodEnd" id="nordea_ifrs-fullEquity_PeriodEnd" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="sv">Balance as at 31 dec 2022</label>
    <label xlink:label="label_nordea_nordeaAktieaterkop_Standard" id="nordea_nordeaAktieaterkop_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Aktieaterkop</label>
    <label xlink:label="label_nordea_nordeaTransaktionskostnader_Standard" id="nordea_nordeaTransaktionskostnader_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Transaktionskostnader</label>
    <label xlink:label="label_nordea_ifrs-fullEquity_Total" id="nordea_ifrs-fullEquity_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Balance as at 31 dec 2022</label>
    <label xlink:label="label_nordea_ifrs-fullOtherAdjustmentsForNoncashItems_Standard" id="nordea_ifrs-fullOtherAdjustmentsForNoncashItems_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_nordea_ifrs-fullIncomeTaxesPaidClassifiedAsOperatingActivities_Standard" id="nordea_ifrs-fullIncomeTaxesPaidClassifiedAsOperatingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Betalda inkomstskatter</label>
    <label xlink:label="label_nordea_ifrs-fullCashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_Standard" id="nordea_ifrs-fullCashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kassaflöde från den löpande verksamhetens före förändring av tillgångar och skulder</label>
    <label xlink:label="label_nordea_nordeaFoeraendringAvUtlaningTillCentralbanker_Standard" id="nordea_nordeaFoeraendringAvUtlaningTillCentralbanker_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_nordea_nordeaFoeraendringAvUtlaningTillKreditinstitut_Standard" id="nordea_nordeaFoeraendringAvUtlaningTillKreditinstitut_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_nordea_nordeaFoeraendringAvUtlaningTillAllmaenheten_Standard" id="nordea_nordeaFoeraendringAvUtlaningTillAllmaenheten_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_nordea_nordeaFoeraendringAvRaentebaerandeVaerdepapper_Standard" id="nordea_nordeaFoeraendringAvRaentebaerandeVaerdepapper_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_nordea_nordeaFoeraendringAvPantsattanansiellaInstrument_Standard" id="nordea_nordeaFoeraendringAvPantsattanansiellaInstrument_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_nordea_nordeaFoeraendringAvAktierOchAndelar_Standard" id="nordea_nordeaFoeraendringAvAktierOchAndelar_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_nordea_nordeaFoeraendringAvDerivatinstrumentNetto_Standard" id="nordea_nordeaFoeraendringAvDerivatinstrumentNetto_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_nordea_nordeaFoeraendringAvFoervaltningsfastigheter_Standard" id="nordea_nordeaFoeraendringAvFoervaltningsfastigheter_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring av förvaltningsfastigheter</label>
    <label xlink:label="label_nordea_ifrs-fullAdjustmentsForDecreaseIncreaseInOtherAssets_Standard" id="nordea_ifrs-fullAdjustmentsForDecreaseIncreaseInOtherAssets_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_nordea_ifrs-fullDividendsReceivedClassifiedAsOperatingActivities_Standard" id="nordea_ifrs-fullDividendsReceivedClassifiedAsOperatingActivities_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_nordea_nordeaFoeraendringAvSkulderTillKreditinstitut_Standard" id="nordea_nordeaFoeraendringAvSkulderTillKreditinstitut_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_nordea_nordeaFoeraendringAvInOchUpplaningFranAllmaenheten_Standard" id="nordea_nordeaFoeraendringAvInOchUpplaningFranAllmaenheten_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_nordea_ifrs-fullAdjustmentsForIncreaseDecreaseInInsuranceReinsuranceAndInvestmentContractLiabilities_Standard" id="nordea_ifrs-fullAdjustmentsForIncreaseDecreaseInInsuranceReinsuranceAndInvestmentContractLiabilities_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_nordea_nordeaFoeraendringAvEmitteradeVaerdepapper_Standard" id="nordea_nordeaFoeraendringAvEmitteradeVaerdepapper_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_nordea_ifrs-fullAdjustmentsForIncreaseDecreaseInOtherLiabilities_Standard" id="nordea_ifrs-fullAdjustmentsForIncreaseDecreaseInOtherLiabilities_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_nordea_ifrs-fullCashFlowsFromUsedInOperations_Standard" id="nordea_ifrs-fullCashFlowsFromUsedInOperations_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_nordea_ifrs-fullPurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_Standard" id="nordea_ifrs-fullPurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förvärv av rörelser</label>
    <label xlink:label="label_nordea_ifrs-fullProceedsFromSalesOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_Standard" id="nordea_ifrs-fullProceedsFromSalesOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Avyttring av rörelser</label>
    <label xlink:label="label_nordea_ifrs-fullPurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod_Standard" id="nordea_ifrs-fullPurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod_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_nordea_ifrs-fullProceedsFromSalesOfInterestsInAssociates_Standard" id="nordea_ifrs-fullProceedsFromSalesOfInterestsInAssociates_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Avyttring av intresseföretag</label>
    <label xlink:label="label_nordea_ifrs-fullPurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_Standard" id="nordea_ifrs-fullPurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_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_nordea_ifrs-fullProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_Standard" id="nordea_ifrs-fullProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_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_nordea_ifrs-fullPurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_Standard" id="nordea_ifrs-fullPurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_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_nordea_ifrs-fullCashFlowsFromUsedInInvestingActivities_Standard" id="nordea_ifrs-fullCashFlowsFromUsedInInvestingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kassaflöde från investeringsverksamheten</label>
    <label xlink:label="label_nordea_ifrs-fullProceedsFromIssueOfSubordinatedLiabilities_Standard" id="nordea_ifrs-fullProceedsFromIssueOfSubordinatedLiabilities_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_nordea_ifrs-fullRepaymentsOfSubordinatedLiabilities_Standard" id="nordea_ifrs-fullRepaymentsOfSubordinatedLiabilities_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_nordea_ifrs-fullProceedsFromSaleOrIssueOfTreasuryShares_Standard" id="nordea_ifrs-fullProceedsFromSaleOrIssueOfTreasuryShares_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_nordea_ifrs-fullDividendsPaidClassifiedAsFinancingActivities_Standard" id="nordea_ifrs-fullDividendsPaidClassifiedAsFinancingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Utbetald utdelning</label>
    <label xlink:label="label_nordea_nordeaBetaldRantaPaOvrigtPrimarkapital_Standard" id="nordea_nordeaBetaldRantaPaOvrigtPrimarkapital_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_nordea_ifrs-fullPaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_Standard" id="nordea_ifrs-fullPaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kapitalandelen av leasingutbetalningar</label>
    <label xlink:label="label_nordea_ifrs-fullCashFlowsFromUsedInFinancingActivities_Standard" id="nordea_ifrs-fullCashFlowsFromUsedInFinancingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kassaflöde från ﬁnansieringsverksamheten</label>
    <label xlink:label="label_nordea_ifrs-fullIncreaseDecreaseInCashAndCashEquivalents_Standard" id="nordea_ifrs-fullIncreaseDecreaseInCashAndCashEquivalents_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Årets kassaflöde</label>
    <label xlink:label="label_nordea_ifrs-fullCashAndCashEquivalents_PeriodStart" id="nordea_ifrs-fullCashAndCashEquivalents_PeriodStart" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="sv">Likvida medel vid årets början</label>
    <label xlink:label="label_nordea_ifrs-fullEffectOfExchangeRateChangesOnCashAndCashEquivalents_Standard" id="nordea_ifrs-fullEffectOfExchangeRateChangesOnCashAndCashEquivalents_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Omräkningsdifferens</label>
    <label xlink:label="label_nordea_ifrs-fullCashAndCashEquivalents_PeriodEnd" id="nordea_ifrs-fullCashAndCashEquivalents_PeriodEnd" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="sv">Likvida medel vid årets slut</label>
    <label xlink:label="label_nordea_nordeaFoeraendring_Standard" id="nordea_nordeaFoeraendring_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring</label>
    <label xlink:label="label_nordea_nordeaKöpeskilling_Standard" id="nordea_nordeaKöpeskilling_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Köpeskilling</label>
    <label xlink:label="label_nordea_nordeaKassabehållning_Standard" id="nordea_nordeaKassabehållning_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kassabehållning</label>
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