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    <link:label id="lab_bawaggroupag_IssuedBondsSubordinatedAndSupplementaryCapital_documentation_de" xlink:label="lab_bawaggroupag_IssuedBondsSubordinatedAndSupplementaryCapital" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">Begebene Schuldverschreibungen, Nachrang- und Ergänzungskapital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_IssuedBondsSubordinatedAndSupplementaryCapital" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_IssuedBondsSubordinatedAndSupplementaryCapital"/>
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    <link:label id="lab_bawaggroupag_GainsAndLossesOnFinancialAssetsAndLiabilities_534ccdad-589d-4bf0-9151-76724d806319_negatedTerseLabel_de" xlink:label="lab_bawaggroupag_GainsAndLossesOnFinancialAssetsAndLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="de">Gewinne und Verluste aus finanziellen Vermögenswerten und Schulden</link:label>
    <link:label id="lab_bawaggroupag_GainsAndLossesOnFinancialAssetsAndLiabilities_label_de" xlink:label="lab_bawaggroupag_GainsAndLossesOnFinancialAssetsAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="de">Gewinne und Verluste aus finanziellen Vermögenswerten und Schulden</link:label>
    <link:label id="lab_bawaggroupag_GainsAndLossesOnFinancialAssetsAndLiabilities_documentation_de" xlink:label="lab_bawaggroupag_GainsAndLossesOnFinancialAssetsAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">Gewinne und Verluste aus finanziellen Vermögenswerten und Schulden</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_GainsAndLossesOnFinancialAssetsAndLiabilities" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_GainsAndLossesOnFinancialAssetsAndLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bawaggroupag_GainsAndLossesOnFinancialAssetsAndLiabilities" xlink:to="lab_bawaggroupag_GainsAndLossesOnFinancialAssetsAndLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_bawaggroupag_BrandNameAndCustomerRelationships_cdbce281-6356-45d2-8a53-965efd3cacd0_terseLabel_de" xlink:label="lab_bawaggroupag_BrandNameAndCustomerRelationships" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="de">Markennamen und Kundenstöcke</link:label>
    <link:label id="lab_bawaggroupag_BrandNameAndCustomerRelationships_label_de" xlink:label="lab_bawaggroupag_BrandNameAndCustomerRelationships" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="de">Markennamen und Kundenstöcke</link:label>
    <link:label id="lab_bawaggroupag_BrandNameAndCustomerRelationships_documentation_de" xlink:label="lab_bawaggroupag_BrandNameAndCustomerRelationships" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">Markennamen und Kundenstöcke</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_BrandNameAndCustomerRelationships" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_BrandNameAndCustomerRelationships"/>
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    <link:label id="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_d2cd079d-2f32-43e5-babb-758b875b2a7f_negatedLabel_de" xlink:label="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="de">Ertragsteuern im Zusammenhang mit Bestandteilen des sonstigen Ergebnisses, die nicht in den Gewinn oder Verlust umgegliedert werden</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss"/>
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    <link:label id="lab_bawaggroupag_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesMeasuredAtAmortisedCosts_4fe38ccf-739a-4d24-a2c6-2629acff5ef7_terseLabel_de" xlink:label="lab_bawaggroupag_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesMeasuredAtAmortisedCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="de">Finanzielle Verbindlichkeiten zu fortgeführten Anschaffungskosten</link:label>
    <link:label id="lab_bawaggroupag_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesMeasuredAtAmortisedCosts_label_de" xlink:label="lab_bawaggroupag_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesMeasuredAtAmortisedCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="de">Anpassungen für die Veränderung aus Finanziellen Verbindlichkeiten zu fortgeführten Anschaffungskosten</link:label>
    <link:label id="lab_bawaggroupag_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesMeasuredAtAmortisedCosts_documentation_de" xlink:label="lab_bawaggroupag_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesMeasuredAtAmortisedCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">Anpassungen für die Veränderung aus Finanziellen Verbindlichkeiten zu fortgeführten Anschaffungskosten</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesMeasuredAtAmortisedCosts" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesMeasuredAtAmortisedCosts"/>
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    <link:label id="lab_bawaggroupag_TotalChangesOfAdditionalTier1Capital_label_de" xlink:label="lab_bawaggroupag_TotalChangesOfAdditionalTier1Capital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="de">TotalChangesOfAdditionalTier1Capital</link:label>
    <link:label id="lab_bawaggroupag_TotalChangesOfAdditionalTier1Capital_documentation_de" xlink:label="lab_bawaggroupag_TotalChangesOfAdditionalTier1Capital" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">TotalChangesOfAdditionalTier1Capital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_TotalChangesOfAdditionalTier1Capital" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_TotalChangesOfAdditionalTier1Capital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bawaggroupag_TotalChangesOfAdditionalTier1Capital" xlink:to="lab_bawaggroupag_TotalChangesOfAdditionalTier1Capital" xlink:type="arc" order="1"/>
    <link:label id="lab_bawaggroupag_PurchaseOfDebtInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities_6a9b7b51-6b9a-4211-a7bd-3c9a066a0900_negatedTerseLabel_de" xlink:label="lab_bawaggroupag_PurchaseOfDebtInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="de">Schuldverschreibungen und anderen festverzinsten Wertpapieren zu fortgeführten Anschaffungskosten</link:label>
    <link:label id="lab_bawaggroupag_PurchaseOfDebtInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities_label_de" xlink:label="lab_bawaggroupag_PurchaseOfDebtInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="de">Schuldverschreibungen und anderen festverzinsten Wertpapieren zu fortgeführten Anschaffungskosten</link:label>
    <link:label id="lab_bawaggroupag_PurchaseOfDebtInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities_documentation_de" xlink:label="lab_bawaggroupag_PurchaseOfDebtInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">Schuldverschreibungen und anderen festverzinsten Wertpapieren zu fortgeführten Anschaffungskosten</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_PurchaseOfDebtInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_PurchaseOfDebtInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bawaggroupag_PurchaseOfDebtInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities" xlink:to="lab_bawaggroupag_PurchaseOfDebtInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_bawaggroupag_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsNotIncludingInvestingActivities_4fb6ca8a-f4dd-4829-a1f4-02757ea89a8c_terseLabel_de" xlink:label="lab_bawaggroupag_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsNotIncludingInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="de">Sonstige finanzielle Vermögenswerte (exklusive Investitionstätigkeit)</link:label>
    <link:label id="lab_bawaggroupag_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsNotIncludingInvestingActivities_label_de" xlink:label="lab_bawaggroupag_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsNotIncludingInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="de">Anpassungen für die Veränderung aus Sonstigen finanziellen Vermögenswerten (exklusive Investitionstätigkeit)</link:label>
    <link:label id="lab_bawaggroupag_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsNotIncludingInvestingActivities_documentation_de" xlink:label="lab_bawaggroupag_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsNotIncludingInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">Anpassungen für die Veränderung aus Sonstigen finanziellen Vermögenswerten (exklusive Investitionstätigkeit)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsNotIncludingInvestingActivities" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsNotIncludingInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bawaggroupag_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsNotIncludingInvestingActivities" xlink:to="lab_bawaggroupag_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsNotIncludingInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities_6c58283e-f12c-4b06-aa5e-386b7ae2b9e4_negatedTerseLabel_de" xlink:label="lab_bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="de">Schuldverschreibungen und anderen festverzinsten Wertpapieren zu fortgeführten Anschaffungskosten</link:label>
    <link:label id="lab_bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities_label_de" xlink:label="lab_bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="de">Schuldverschreibungen und anderen festverzinsten Wertpapieren zu fortgeführten Anschaffungskosten</link:label>
    <link:label id="lab_bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities_documentation_de" xlink:label="lab_bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">Schuldverschreibungen und anderen festverzinsten Wertpapieren zu fortgeführten Anschaffungskosten</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities" xlink:to="lab_bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtAmortisedCostsClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OperatingExpense_50828831-d385-45e8-8291-e6155a155974_negatedLabel_de" xlink:label="lab_ifrs-full_OperatingExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="de">Betriebliche Aufwendungen</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OperatingExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OperatingExpense"/>
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    <link:label id="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_89bfa308-8543-4d48-a29d-87f16098cfdc_negatedLabel_de" xlink:label="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="de">Erwerb von Sachanlagen, immateriellen Vermögenswerten außer dem Geschäfts- oder Firmenwert, als Finanzinvestition gehaltenen Immobilien und sonstigen langfristigen Vermögenswerten</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:to="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities_0887b619-1638-4ee1-8e95-65798b7cef81_negatedLabel_de" xlink:label="lab_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="de">Gezahlte Ertragsteuern, als betriebliche Tätigkeit eingestuft</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_bawaggroupag_SoftwareUndAndereImmaterielleVermoegenswerte_db138538-a31f-4a30-987f-82ff895f43c4_terseLabel_de" xlink:label="lab_bawaggroupag_SoftwareUndAndereImmaterielleVermoegenswerte" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="de">Software und andere immaterielle Vermögenswerte</link:label>
    <link:label id="lab_bawaggroupag_SoftwareUndAndereImmaterielleVermoegenswerte_label_de" xlink:label="lab_bawaggroupag_SoftwareUndAndereImmaterielleVermoegenswerte" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="de">Software und andere immaterielle Vermögenswerte</link:label>
    <link:label id="lab_bawaggroupag_SoftwareUndAndereImmaterielleVermoegenswerte_documentation_de" xlink:label="lab_bawaggroupag_SoftwareUndAndereImmaterielleVermoegenswerte" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">Software und andere immaterielle Vermögenswerte</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_SoftwareUndAndereImmaterielleVermoegenswerte" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_SoftwareUndAndereImmaterielleVermoegenswerte"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bawaggroupag_SoftwareUndAndereImmaterielleVermoegenswerte" xlink:to="lab_bawaggroupag_SoftwareUndAndereImmaterielleVermoegenswerte" xlink:type="arc" order="1"/>
    <link:label id="lab_bawaggroupag_PaymentsOfAdditionalTier1Coupon_99a77cd4-5a20-4a38-8109-89e3d65d304f_negatedTerseLabel_de" xlink:label="lab_bawaggroupag_PaymentsOfAdditionalTier1Coupon" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="de">AT1-Kupon</link:label>
    <link:label id="lab_bawaggroupag_PaymentsOfAdditionalTier1Coupon_label_de" xlink:label="lab_bawaggroupag_PaymentsOfAdditionalTier1Coupon" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="de">Zahlung AT1-Kupon</link:label>
    <link:label id="lab_bawaggroupag_PaymentsOfAdditionalTier1Coupon_documentation_de" xlink:label="lab_bawaggroupag_PaymentsOfAdditionalTier1Coupon" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">Zahlung AT1-Kupon</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bawaggroupag_PaymentsOfAdditionalTier1Coupon" xlink:to="lab_bawaggroupag_PaymentsOfAdditionalTier1Coupon" xlink:type="arc" order="1"/>
    <link:label id="lab_bawaggroupag_InterestExpenscalculatedatamortisedcost_24b87e2f-5cd9-48a2-aa5e-c8465af28287_terseLabel_de" xlink:label="lab_bawaggroupag_InterestExpenscalculatedatamortisedcost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="de">davon mittels Effektivzinsmethode ermittelt</link:label>
    <link:label id="lab_bawaggroupag_InterestExpenscalculatedatamortisedcost_label_de" xlink:label="lab_bawaggroupag_InterestExpenscalculatedatamortisedcost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="de">InterestExpenscalculatedatamortisedcost</link:label>
    <link:label id="lab_bawaggroupag_InterestExpenscalculatedatamortisedcost_documentation_de" xlink:label="lab_bawaggroupag_InterestExpenscalculatedatamortisedcost" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">InterestExpenscalculatedatamortisedcost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_InterestExpenscalculatedatamortisedcost" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_InterestExpenscalculatedatamortisedcost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bawaggroupag_InterestExpenscalculatedatamortisedcost" xlink:to="lab_bawaggroupag_InterestExpenscalculatedatamortisedcost" xlink:type="arc" order="1"/>
    <link:label id="lab_bawaggroupag_PurchaseOfOtherInvestmentsInFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities_25aaa324-1e71-42a8-a992-163a98bd386f_negatedTerseLabel_de" xlink:label="lab_bawaggroupag_PurchaseOfOtherInvestmentsInFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="de">Im sonstigen Ergebnis ausgewiesenen zum beizulegenden Zeitwert bewerteten finanziellen Vermögenswerten – Sonstige Anteile</link:label>
    <link:label id="lab_bawaggroupag_PurchaseOfOtherInvestmentsInFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities_label_de" xlink:label="lab_bawaggroupag_PurchaseOfOtherInvestmentsInFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="de">Im sonstigen Ergebnis ausgewiesenen zum beizulegenden Zeitwert bewerteten finanziellen Vermögenswerten – Sonstige Anteile</link:label>
    <link:label id="lab_bawaggroupag_PurchaseOfOtherInvestmentsInFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities_documentation_de" xlink:label="lab_bawaggroupag_PurchaseOfOtherInvestmentsInFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">Im sonstigen Ergebnis ausgewiesenen zum beizulegenden Zeitwert bewerteten finanziellen Vermögenswerten – Sonstige Anteile</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_PurchaseOfOtherInvestmentsInFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_PurchaseOfOtherInvestmentsInFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bawaggroupag_PurchaseOfOtherInvestmentsInFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities" xlink:to="lab_bawaggroupag_PurchaseOfOtherInvestmentsInFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherExpenseByNature_680e25b4-9724-4dd0-8972-a51a3f4f9d82_negatedLabel_de" xlink:label="lab_ifrs-full_OtherExpenseByNature" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="de">Sonstige Aufwendungen, nach Art</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherExpenseByNature" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherExpenseByNature"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherExpenseByNature" xlink:to="lab_ifrs-full_OtherExpenseByNature" xlink:type="arc" order="1"/>
    <link:label id="lab_bawaggroupag_NetInterestIncome_0b144617-2f8f-436f-8cf8-21edc5884e5d_terseLabel_de" xlink:label="lab_bawaggroupag_NetInterestIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="de">Nettozinsertrag</link:label>
    <link:label id="lab_bawaggroupag_NetInterestIncome_label_de" xlink:label="lab_bawaggroupag_NetInterestIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="de">Nettozinsertrag</link:label>
    <link:label id="lab_bawaggroupag_NetInterestIncome_documentation_de" xlink:label="lab_bawaggroupag_NetInterestIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">Nettozinsertrag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_NetInterestIncome" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_NetInterestIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bawaggroupag_NetInterestIncome" xlink:to="lab_bawaggroupag_NetInterestIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_f2a9c2ef-99b5-4753-b89b-3e0ed545f29d_negatedLabel_de" xlink:label="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="de">Als Finanzierungstätigkeiten eingestufte Zahlungen von Leasingverbindlichkeiten</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FeeAndCommissionExpense_c326da58-2393-40c5-b428-ddee984f84b5_negatedLabel_de" xlink:label="lab_ifrs-full_FeeAndCommissionExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="de">Aufwendungen für Gebühren und Provisionen</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FeeAndCommissionExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FeeAndCommissionExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FeeAndCommissionExpense" xlink:to="lab_ifrs-full_FeeAndCommissionExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_bawaggroupag_RiskCosts_dfba270b-c72d-433b-b814-3751db822657_negatedTerseLabel_de" xlink:label="lab_bawaggroupag_RiskCosts" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="de">Risikokosten</link:label>
    <link:label id="lab_bawaggroupag_RiskCosts_label_de" xlink:label="lab_bawaggroupag_RiskCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="de">Risikokosten</link:label>
    <link:label id="lab_bawaggroupag_RiskCosts_documentation_de" xlink:label="lab_bawaggroupag_RiskCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">Risikokosten</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_RiskCosts" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_RiskCosts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bawaggroupag_RiskCosts" xlink:to="lab_bawaggroupag_RiskCosts" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestExpense_65b98f08-bd5e-4894-be86-8df419333e29_negatedLabel_de" xlink:label="lab_ifrs-full_InterestExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="de">Zinsaufwendungen</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InterestExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpense" xlink:to="lab_ifrs-full_InterestExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_bawaggroupag_AdministrativeExpenses_c5eaf54a-e128-490c-afc3-d178ba2a8be0_negatedTerseLabel_de" xlink:label="lab_bawaggroupag_AdministrativeExpenses" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="de">davon Verwaltungsaufwand</link:label>
    <link:label id="lab_bawaggroupag_AdministrativeExpenses_label_de" xlink:label="lab_bawaggroupag_AdministrativeExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="de">davon Verwaltungsaufwand</link:label>
    <link:label id="lab_bawaggroupag_AdministrativeExpenses_documentation_de" xlink:label="lab_bawaggroupag_AdministrativeExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">davon Verwaltungsaufwand</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_AdministrativeExpenses" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_AdministrativeExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bawaggroupag_AdministrativeExpenses" xlink:to="lab_bawaggroupag_AdministrativeExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_bawaggroupag_IssueOfAT1Capital_label_de" xlink:label="lab_bawaggroupag_IssueOfAT1Capital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="de">IssueOfAT1Capital</link:label>
    <link:label id="lab_bawaggroupag_IssueOfAT1Capital_documentation_de" xlink:label="lab_bawaggroupag_IssueOfAT1Capital" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">IssueOfAT1Capital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_IssueOfAT1Capital" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_IssueOfAT1Capital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bawaggroupag_IssueOfAT1Capital" xlink:to="lab_bawaggroupag_IssueOfAT1Capital" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_4f3bb5fc-3ff8-4377-bc9b-c62389e3f9f0_negatedLabel_de" xlink:label="lab_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="de">Erwerb von nicht nach der Equity-Methode bilanzierten Finanzanlagen</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_bawaggroupag_AdditionalTier1Coupon_label_de" xlink:label="lab_bawaggroupag_AdditionalTier1Coupon" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="de">AT1-Kupon</link:label>
    <link:label id="lab_bawaggroupag_AdditionalTier1Coupon_documentation_de" xlink:label="lab_bawaggroupag_AdditionalTier1Coupon" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">AT1-Kupon</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_AdditionalTier1Coupon" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_AdditionalTier1Coupon"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bawaggroupag_AdditionalTier1Coupon" xlink:to="lab_bawaggroupag_AdditionalTier1Coupon" xlink:type="arc" order="1"/>
    <link:label id="lab_bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities_33087803-a3f1-4797-9df8-5a62f67a5952_negatedTerseLabel_de" xlink:label="lab_bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="de">Im sonstigen Ergebnis ausgewiesenen zum beizulegenden Zeitwert bewerteten finanziellen Vermögenswerten – Schuldverschreibungen, andere festverzinste Wertpapiere und sonstige Anteile</link:label>
    <link:label id="lab_bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities_label_de" xlink:label="lab_bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="de">Im sonstigen Ergebnis ausgewiesenen zum beizulegenden Zeitwert bewerteten finanziellen Vermögenswerten – Schuldverschreibungen, andere festverzinste Wertpapiere und sonstige Anteile</link:label>
    <link:label id="lab_bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities_documentation_de" xlink:label="lab_bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">Im sonstigen Ergebnis ausgewiesenen zum beizulegenden Zeitwert bewerteten finanziellen Vermögenswerten – Schuldverschreibungen, andere festverzinste Wertpapiere und sonstige Anteile</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities" xlink:to="lab_bawaggroupag_ProceedsFromSalesOrMaturityOfFinancialInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_bawaggroupag_ValuationAdjustmentOnInterestRateRiskHedgedPortfoliosLiabilities_label_de" xlink:label="lab_bawaggroupag_ValuationAdjustmentOnInterestRateRiskHedgedPortfoliosLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="de">Bewertungsanpassungen für gegen Zinsrisiken abgesicherte Portfolien</link:label>
    <link:label id="lab_bawaggroupag_ValuationAdjustmentOnInterestRateRiskHedgedPortfoliosLiabilities_0bbcc33c-1cb1-4686-b3d8-3d093493067e_terseLabel_de" xlink:label="lab_bawaggroupag_ValuationAdjustmentOnInterestRateRiskHedgedPortfoliosLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="de">Bewertungsanpassungen für gegen Zinsrisiken abgesicherte Portfolien</link:label>
    <link:label id="lab_bawaggroupag_ValuationAdjustmentOnInterestRateRiskHedgedPortfoliosLiabilities_documentation_de" xlink:label="lab_bawaggroupag_ValuationAdjustmentOnInterestRateRiskHedgedPortfoliosLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">Bewertungsanpassungen für gegen Zinsrisiken abgesicherte Portfolien</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_ValuationAdjustmentOnInterestRateRiskHedgedPortfoliosLiabilities" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_ValuationAdjustmentOnInterestRateRiskHedgedPortfoliosLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bawaggroupag_ValuationAdjustmentOnInterestRateRiskHedgedPortfoliosLiabilities" xlink:to="lab_bawaggroupag_ValuationAdjustmentOnInterestRateRiskHedgedPortfoliosLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities_eb2e5055-aeed-4a6f-83fc-2cf1e346a937_negatedLabel_de" xlink:label="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="de">Gezahlte Zinsen, als betriebliche Tätigkeit eingestuft</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InterestPaidClassifiedAsOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DividendsPaidClassifiedAsFinancingActivities_9607ec7e-a2a4-44a8-8516-4b44625f2d84_negatedLabel_de" xlink:label="lab_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="de">Als Finanzierungstätigkeiten eingestuft gezahlte Dividenden</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_da88b8dc-0c56-4017-abba-1b9796143641_negatedLabel_de" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="de">Steueraufwand (Steuerertrag)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_d4ed205a-455a-454b-b9be-6b3b30a87b0d_negatedLabel_de" xlink:label="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="de">Anpassungen für nicht ausgeschüttete Gewinne nach der Equity-Methode bilanzierter Finanzanlagen</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_bawaggroupag_PurchaseOfDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities_fabe377f-1c86-4ea2-bb1b-8ef47b92e37b_negatedTerseLabel_de" xlink:label="lab_bawaggroupag_PurchaseOfDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="de">Im sonstigen Ergebnis ausgewiesenen zum beizulegenden Zeitwert bewerteten finanziellen Vermögenswerten – Schuldverschreibungen und andere festverzinste Wertpapiere</link:label>
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    <link:label id="lab_bawaggroupag_AdjustmentsForDecreaseIncreaseInFinancialAssetsMeasuredAtAmortisedCosts_documentation_de" xlink:label="lab_bawaggroupag_AdjustmentsForDecreaseIncreaseInFinancialAssetsMeasuredAtAmortisedCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">Anpassungen für die Veränderung aus Finanziellen Vermögenswerten zu fortgeführten Anschaffungskosten</link:label>
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    <link:label id="lab_bawaggroupag_EquityattributabletoownersoftheparentwithoutAT1_09faed30-4ef5-4664-b4ca-a0697c44affe_terseLabel_de" xlink:label="lab_bawaggroupag_EquityattributabletoownersoftheparentwithoutAT1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="de">Eigenkapital, den Eigentümern des Mutterunternehmens zurechenbar (ex AT1-Kapital)</link:label>
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    <link:label id="lab_bawaggroupag_ValuationAdjustmentOnInterestRateRiskHedgedPortfoliosAssets_ac85586e-651c-405b-abd2-bb9d5c965720_terseLabel_de" xlink:label="lab_bawaggroupag_ValuationAdjustmentOnInterestRateRiskHedgedPortfoliosAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="de">Bewertungsanpassungen für gegen Zinsrisiken abgesicherte Portfolien</link:label>
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    <link:label id="lab_bawaggroupag_ValuationAdjustmentOnInterestRateRiskHedgedPortfoliosAssets_documentation_de" xlink:label="lab_bawaggroupag_ValuationAdjustmentOnInterestRateRiskHedgedPortfoliosAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">Bewertungsanpassungen für gegen Zinsrisiken abgesicherte Portfolien</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_ValuationAdjustmentOnInterestRateRiskHedgedPortfoliosAssets" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_ValuationAdjustmentOnInterestRateRiskHedgedPortfoliosAssets"/>
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    <link:label id="lab_bawaggroupag_AdjustmentsForIncreaseDecreaseInOtherFinancialLiabilitiesNotIncludingFinancingActivities_documentation_de" xlink:label="lab_bawaggroupag_AdjustmentsForIncreaseDecreaseInOtherFinancialLiabilitiesNotIncludingFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">Anpassungen für die Veränderung aus Sonstigen finanziellen Verbindlichkeiten (exklusive Finanzierungstätigkeit)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_AdjustmentsForIncreaseDecreaseInOtherFinancialLiabilitiesNotIncludingFinancingActivities" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_AdjustmentsForIncreaseDecreaseInOtherFinancialLiabilitiesNotIncludingFinancingActivities"/>
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    <link:label id="lab_bawaggroupag_BuybackOfAT1Capital_documentation_de" xlink:label="lab_bawaggroupag_BuybackOfAT1Capital" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">BuybackOfAT1Capital</link:label>
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    <link:label id="lab_bawaggroupag_DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsOperatingActivities_02da127e-60aa-44f9-86f7-00de604f0f85_terseLabel_de" xlink:label="lab_bawaggroupag_DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="de">Dividenden von Unternehmen, die nach der Equity-Methode bilanziert werden</link:label>
    <link:label id="lab_bawaggroupag_DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsOperatingActivities_label_de" xlink:label="lab_bawaggroupag_DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="de">Dividenden von Unternehmen, die nach der Equity-Methode bilanziert werden</link:label>
    <link:label id="lab_bawaggroupag_DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsOperatingActivities_documentation_de" xlink:label="lab_bawaggroupag_DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="de">Dividenden von Unternehmen, die nach der Equity-Methode bilanziert werden</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bawaggroupag_DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsOperatingActivities" xlink:href="bawaggroupag-2024-12-31.xsd#bawaggroupag_DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsOperatingActivities"/>
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