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    <label xlink:label="label_avanza_ifrs-fullIssuedCapital_Standard" id="avanza_ifrs-fullIssuedCapital_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Issued capital</label>
    <label xlink:label="label_avanza_ifrs-fullAdditionalPaidinCapital_Standard" id="avanza_ifrs-fullAdditionalPaidinCapital_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Additional paid-in capital</label>
    <label xlink:label="label_avanza_ifrs-fullReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_Standard" id="avanza_ifrs-fullReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Reserv of gains and losses on financial assets measured at fair value trough other comprehensive income</label>
    <label xlink:label="label_avanza_ifrs-fullRetainedEarnings_Standard" id="avanza_ifrs-fullRetainedEarnings_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Retained earnings</label>
    <label xlink:label="label_avanza_ifrs-fullEquityAttributableToOwnersOfParent_Standard" id="avanza_ifrs-fullEquityAttributableToOwnersOfParent_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Equity attributable to owners of parent</label>
    <label xlink:label="label_avanza_ifrs-fullEquityAndLiabilities_Standard" id="avanza_ifrs-fullEquityAndLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Equity and liabilities</label>
    <label xlink:label="label_StatementOfChangesInEquityAbstract" id="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_avanza_ifrs-fullEquity_PeriodEnd" id="avanza_ifrs-fullEquity_PeriodEnd" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="sv">Equity attributable to owners of parent</label>
    <label xlink:label="label_avanza_ifrs-fullProfitLoss_PeriodEnd" id="avanza_ifrs-fullProfitLoss_PeriodEnd" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="sv">Profit (loss)</label>
    <label xlink:label="label_avanza_ifrs-fullOtherComprehensiveIncome_PeriodEnd" id="avanza_ifrs-fullOtherComprehensiveIncome_PeriodEnd" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="sv">Other comprehensive income</label>
    <label xlink:label="label_avanza_ifrs-fullComprehensiveIncome_PeriodEnd" id="avanza_ifrs-fullComprehensiveIncome_PeriodEnd" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="sv">Comprehensive income</label>
    <label xlink:label="label_avanza_ifrs-fullIncreaseDecreaseThroughTransfersAndOtherChangesEquity_PeriodEnd" id="avanza_ifrs-fullIncreaseDecreaseThroughTransfersAndOtherChangesEquity_PeriodEnd" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="sv">Increse (decrese) trough other changes, equity</label>
    <label xlink:label="label_avanza_ifrs-fullDividendsPaid_PeriodEnd" id="avanza_ifrs-fullDividendsPaid_PeriodEnd" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="sv">Dividend recognised as distributors to owners</label>
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    <label xlink:label="label_avanza_avanzaWarrantsIssue_Standard" id="avanza_avanzaWarrantsIssue_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Warrants issue</label>
    <label xlink:label="label_StatementOfCashFlowsAbstract" id="StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Rapport över kassaflöden</label>
    <label xlink:label="label_avanza_ifrs-fullInterestReceivedClassifiedAsOperatingActivities_Standard" id="avanza_ifrs-fullInterestReceivedClassifiedAsOperatingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">whereof interest payments received</label>
    <label xlink:label="label_avanza_ifrs-fullInterestPaidClassifiedAsOperatingActivities_Standard" id="avanza_ifrs-fullInterestPaidClassifiedAsOperatingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">whereof interest expenses paid</label>
    <label xlink:label="label_avanza_ifrs-fullAdjustmentsForDepreciationAndAmortisationExpense_Standard" id="avanza_ifrs-fullAdjustmentsForDepreciationAndAmortisationExpense_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Depreciations of tangible and intangible fixed assets</label>
    <label xlink:label="label_avanza_avanzaInterestExpensesOnLeaseLiability_Standard" id="avanza_avanzaInterestExpensesOnLeaseLiability_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Interest expenses on lease liability</label>
    <label xlink:label="label_avanza_avanzaChangedAccountingPrincipleInterestBearingSecurities_Standard" id="avanza_avanzaChangedAccountingPrincipleInterestBearingSecurities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Changed accounting principle interest-bearing securities</label>
    <label xlink:label="label_avanza_ifrs-fullIncomeTaxesPaidClassifiedAsOperatingActivities_Standard" id="avanza_ifrs-fullIncomeTaxesPaidClassifiedAsOperatingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Income tax paid</label>
    <label xlink:label="label_avanza_ifrs-fullCashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_Standard" id="avanza_ifrs-fullCashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Cash flow in operating activities before changes in operating activities’ assets and liabilities</label>
    <label xlink:label="label_avanza_ifrs-fullAdjustmentsForDecreaseIncreaseInLoansAndAdvancesToBanks_Standard" id="avanza_ifrs-fullAdjustmentsForDecreaseIncreaseInLoansAndAdvancesToBanks_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Increase (–)/decrease (+) in lending to credit institutions</label>
    <label xlink:label="label_avanza_ifrs-fullAdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers_Standard" id="avanza_ifrs-fullAdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Increase (–)/decrease (+) in lending to the public</label>
    <label xlink:label="label_avanza_avanzaIncreaseDecreaseInSecurities_Standard" id="avanza_avanzaIncreaseDecreaseInSecurities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Ökning (–) / minskning (+) av värdepapper</label>
    <label xlink:label="label_avanza_ifrs-fullAdjustmentsForDecreaseIncreaseInOtherAssets_Standard" id="avanza_ifrs-fullAdjustmentsForDecreaseIncreaseInOtherAssets_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Increase (–)/decrease (+) in other assets</label>
    <label xlink:label="label_avanza_ifrs-fullAdjustmentsForIncreaseDecreaseInDepositsFromCustomers_Standard" id="avanza_ifrs-fullAdjustmentsForIncreaseDecreaseInDepositsFromCustomers_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Increase (+)/decrease (–) in deposits by the public</label>
    <label xlink:label="label_avanza_ifrs-fullAdjustmentsForIncreaseDecreaseInOtherLiabilities_Standard" id="avanza_ifrs-fullAdjustmentsForIncreaseDecreaseInOtherLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Increase (+)/decrease (–) in other liabilities</label>
    <label xlink:label="label_avanza_ifrs-fullIncreaseDecreaseInWorkingCapital_Standard" id="avanza_ifrs-fullIncreaseDecreaseInWorkingCapital_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Cash flow from operating activities’ assets and liabilities</label>
    <label xlink:label="label_avanza_ifrs-fullCashFlowsFromUsedInOperatingActivities_Standard" id="avanza_ifrs-fullCashFlowsFromUsedInOperatingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Cash flow from operating activities</label>
    <label xlink:label="label_avanza_avanzaAcquisitionOfTreasuryBillsEligibleForRefinancing_Standard" id="avanza_avanzaAcquisitionOfTreasuryBillsEligibleForRefinancing_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Acquisition of treasury bills eligible for refinancing</label>
    <label xlink:label="label_avanza_ifrs-fullPurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_Standard" id="avanza_ifrs-fullPurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Acquisition of intangible fixed asset</label>
    <label xlink:label="label_avanza_ifrs-fullPurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_Standard" id="avanza_ifrs-fullPurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Acquisition and disposals of tangible fixed assets</label>
    <label xlink:label="label_avanza_ifrs-fullPurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_Standard" id="avanza_ifrs-fullPurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Acquisition of shares and participations</label>
    <label xlink:label="label_avanza_ifrs-fullPurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_Standard" id="avanza_ifrs-fullPurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Investment in bonds</label>
    <label xlink:label="label_avanza_ifrs-fullCashFlowsFromUsedInInvestingActivities_Standard" id="avanza_ifrs-fullCashFlowsFromUsedInInvestingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Cash flow from investment activities</label>
    <label xlink:label="label_avanza_ifrs-fullPaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_Standard" id="avanza_ifrs-fullPaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Amortisation lease liability</label>
    <label xlink:label="label_avanza_ifrs-fullDividendsPaidClassifiedAsFinancingActivities_Standard" id="avanza_ifrs-fullDividendsPaidClassifiedAsFinancingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Cash dividend</label>
    <label xlink:label="label_avanza_ifrs-fullRepaymentsOfSubordinatedLiabilities_Standard" id="avanza_ifrs-fullRepaymentsOfSubordinatedLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Subordinated bond</label>
    <label xlink:label="label_avanza_ifrs-fullProceedsFromExerciseOfOptions_Standard" id="avanza_ifrs-fullProceedsFromExerciseOfOptions_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Warrant issue</label>
    <label xlink:label="label_avanza_ifrs-fullProceedsFromIssuingOtherEquityInstruments_Standard" id="avanza_ifrs-fullProceedsFromIssuingOtherEquityInstruments_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Exercise of share warrant</label>
    <label xlink:label="label_avanza_ifrs-fullCashFlowsFromUsedInFinancingActivities_Standard" id="avanza_ifrs-fullCashFlowsFromUsedInFinancingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Cash flow from financing activities</label>
    <label xlink:label="label_avanza_ifrs-fullIncreaseDecreaseInCashAndCashEquivalents_Standard" id="avanza_ifrs-fullIncreaseDecreaseInCashAndCashEquivalents_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Cash flow for the year</label>
    <label xlink:label="label_avanza_ifrs-fullCashAndCashEquivalents_PeriodStart" id="avanza_ifrs-fullCashAndCashEquivalents_PeriodStart" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="sv">Liquid assets at beginning of year</label>
    <label xlink:label="label_avanza_ifrs-fullCashAndCashEquivalents_Standard" id="avanza_ifrs-fullCashAndCashEquivalents_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Liquid assets at end of year</label>
    <label xlink:label="label_avanza_ifrs-fullFinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities_Standard" id="avanza_ifrs-fullFinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Pledged assets</label>
    <label xlink:label="label_avanza_ifrs-fullNameOfReportingEntityOrOtherMeansOfIdentification_Standard" id="avanza_ifrs-fullNameOfReportingEntityOrOtherMeansOfIdentification_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Name of reporting entity or other means of identification</label>
    <label xlink:label="label_avanza_ifrs-fullLegalFormOfEntity_Standard" id="avanza_ifrs-fullLegalFormOfEntity_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Legal form of entity</label>
    <label xlink:label="label_avanza_ifrs-fullDomicileOfEntity_Standard" id="avanza_ifrs-fullDomicileOfEntity_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Domicile of entity</label>
    <label xlink:label="label_avanza_ifrs-fullAddressOfRegisteredOfficeOfEntity_Standard" id="avanza_ifrs-fullAddressOfRegisteredOfficeOfEntity_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Address of entity's registered office</label>
    <label xlink:label="label_avanza_ifrs-fullCountryOfIncorporation_Standard" id="avanza_ifrs-fullCountryOfIncorporation_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Country of incorporation</label>
    <label xlink:label="label_avanza_ifrs-fullNameOfParentEntity_Standard" id="avanza_ifrs-fullNameOfParentEntity_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Name of parent entity</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NameOfUltimateParentOfGroup" xlink:label="ifrs-full_NameOfUltimateParentOfGroup" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PrincipalPlaceOfBusiness" xlink:label="ifrs-full_PrincipalPlaceOfBusiness" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xlink:label="ifrs-full_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" />
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    <labelArc xlink:type="arc" xlink:from="ifrs-full_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xlink:to="label_avanza_ifrs-fullDescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_NameOfUltimateParentOfGroup" xlink:to="label_avanza_ifrs-fullNameOfUltimateParentOfGroup_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <label xlink:label="label_avanza_ifrs-fullPrincipalPlaceOfBusiness_Standard" id="avanza_ifrs-fullPrincipalPlaceOfBusiness_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Principal place of business</label>
    <label xlink:label="label_avanza_ifrs-fullDescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_Standard" id="avanza_ifrs-fullDescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Description of nature of entity's operations and principal activities</label>
    <label xlink:label="label_avanza_ifrs-fullNameOfUltimateParentOfGroup_Standard" id="avanza_ifrs-fullNameOfUltimateParentOfGroup_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Name of ultimate parent of group</label>
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