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<!-- Generated by Fujitsu Interstage XWand B0255 -->
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link: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_ComprehensiveIncome" xlink:label="ComprehensiveIncome" xlink:title="ComprehensiveIncome"/>
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:title="label_ComprehensiveIncome" xml:lang="en" id="label_ComprehensiveIncome">Total comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncome" xlink:to="label_ComprehensiveIncome" xlink:title="label: ComprehensiveIncome to label_ComprehensiveIncome"/>
    <link: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_IncreaseDecreaseInCashAndCashEquivalents" xlink:label="IncreaseDecreaseInCashAndCashEquivalents" xlink:title="IncreaseDecreaseInCashAndCashEquivalents"/>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalents" xlink:to="label_IncreaseDecreaseInCashAndCashEquivalents" xlink:title="label: IncreaseDecreaseInCashAndCashEquivalents to label_IncreaseDecreaseInCashAndCashEquivalents"/>
    <link: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_InterestRevenueExpense" xlink:label="InterestRevenueExpense" xlink:title="InterestRevenueExpense"/>
    <link:label xlink:type="resource" xlink:label="label_InterestRevenueExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_InterestRevenueExpense" xml:lang="en" id="label_InterestRevenueExpense">Net Interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRevenueExpense" xlink:to="label_InterestRevenueExpense" xlink:title="label: InterestRevenueExpense to label_InterestRevenueExpense"/>
    <link: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_OtherComprehensiveIncome" xlink:label="OtherComprehensiveIncome" xlink:title="OtherComprehensiveIncome"/>
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:title="label_OtherComprehensiveIncome" xml:lang="en" id="label_OtherComprehensiveIncome">Net other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncome" xlink:to="label_OtherComprehensiveIncome" xlink:title="label: OtherComprehensiveIncome to label_OtherComprehensiveIncome"/>
    <link: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_OtherIncome" xlink:label="OtherIncome" xlink:title="OtherIncome"/>
    <link:label xlink:type="resource" xlink:label="label_OtherIncome" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherIncome" xml:lang="en" id="label_OtherIncome">Other operating Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIncome" xlink:to="label_OtherIncome" xlink:title="label: OtherIncome to label_OtherIncome"/>
    <link: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_ProfitLoss" xlink:label="ProfitLoss" xlink:title="ProfitLoss"/>
    <link:label xlink:type="resource" xlink:label="label_ProfitLoss" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:title="label_ProfitLoss" xml:lang="en" id="label_ProfitLoss">Profit (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:to="label_ProfitLoss" xlink:title="label: ProfitLoss to label_ProfitLoss"/>
    <link: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_RevenueFromDividends" xlink:label="RevenueFromDividends" xlink:title="RevenueFromDividends"/>
    <link:label xlink:type="resource" xlink:label="label_RevenueFromDividends" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RevenueFromDividends" xml:lang="en" id="label_RevenueFromDividends">Dividends</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromDividends" xlink:to="label_RevenueFromDividends" xlink:title="label: RevenueFromDividends to label_RevenueFromDividends"/>
    <link: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_IssuedCapitalMember" xlink:label="IssuedCapitalMember" xlink:title="IssuedCapitalMember"/>
    <link:label xlink:type="resource" xlink:label="label_IssuedCapitalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IssuedCapitalMember" xml:lang="en" id="label_IssuedCapitalMember">EC Capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapitalMember" xlink:to="label_IssuedCapitalMember" xlink:title="label: IssuedCapitalMember to label_IssuedCapitalMember"/>
    <link: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_SharePremiumMember" xlink:label="SharePremiumMember" xlink:title="SharePremiumMember"/>
    <link:label xlink:type="resource" xlink:label="label_SharePremiumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharePremiumMember" xml:lang="en" id="label_SharePremiumMember">Premium fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharePremiumMember" xlink:to="label_SharePremiumMember" xlink:title="label: SharePremiumMember to label_SharePremiumMember"/>
    <link: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_RetainedEarningsMember" xlink:label="RetainedEarningsMember" xlink:title="RetainedEarningsMember"/>
    <link:label xlink:type="resource" xlink:label="label_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RetainedEarningsMember" xml:lang="en" id="label_RetainedEarningsMember">Earned equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsMember" xlink:to="label_RetainedEarningsMember" xlink:title="label: RetainedEarningsMember to label_RetainedEarningsMember"/>
    <link: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_FeeAndCommissionIncomeExpense" xlink:label="FeeAndCommissionIncomeExpense" xlink:title="FeeAndCommissionIncomeExpense"/>
    <link:label xlink:type="resource" xlink:label="label_FeeAndCommissionIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_FeeAndCommissionIncomeExpense" xml:lang="en" id="label_FeeAndCommissionIncomeExpense">Commission income and other income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FeeAndCommissionIncomeExpense" xlink:to="label_FeeAndCommissionIncomeExpense" xlink:title="label: FeeAndCommissionIncomeExpense to label_FeeAndCommissionIncomeExpense"/>
    <link: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_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:label="IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:title="IncreaseDecreaseThroughTransfersAndOtherChangesEquity"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xml:lang="en" id="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity">Direct recognitions in equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:to="label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:title="label: IncreaseDecreaseThroughTransfersAndOtherChangesEquity to label_IncreaseDecreaseThroughTransfersAndOtherChangesEquity"/>
    <link: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_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:label="IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:title="IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xml:lang="en" id="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl">Direct recognitions in equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:to="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:title="label: IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl to label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl"/>
    <link:loc xlink:type="locator" xlink:href="http://www.esma.europa.eu/taxonomy/2020-03-16/esef_cor.xsd#esef_cor_NotesAccountingPoliciesAndMandatoryTags" xlink:label="NotesAccountingPoliciesAndMandatoryTags" xlink:title="NotesAccountingPoliciesAndMandatoryTags"/>
    <link:label xlink:type="resource" xlink:label="label_NotesAccountingPoliciesAndMandatoryTags" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotesAccountingPoliciesAndMandatoryTags" xml:lang="en" id="label_NotesAccountingPoliciesAndMandatoryTags">Notes Accounting Policies and Mandatory Tags</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotesAccountingPoliciesAndMandatoryTags" xlink:to="label_NotesAccountingPoliciesAndMandatoryTags" xlink:title="label: NotesAccountingPoliciesAndMandatoryTags to label_NotesAccountingPoliciesAndMandatoryTags"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_OtherInterestIncome" xlink:label="OtherInterestIncome" xlink:title="OtherInterestIncome"/>
    <link:label xlink:type="resource" xlink:label="label_OtherInterestIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherInterestIncome" xml:lang="en" id="label_OtherInterestIncome">Other Interest Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInterestIncome" xlink:to="label_OtherInterestIncome" xlink:title="label: OtherInterestIncome to label_OtherInterestIncome"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_OtherInterestIncome" xlink:label="OtherInterestIncome_2" xlink:title="OtherInterestIncome"/>
    <link:label xlink:type="resource" xlink:label="label_OtherInterestIncome_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherInterestIncome" xml:lang="en" id="label_OtherInterestIncome_2">Interest Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInterestIncome_2" xlink:to="label_OtherInterestIncome_2" xlink:title="label: OtherInterestIncome to label_OtherInterestIncome"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_OtherInterestIncome" xlink:label="OtherInterestIncome_3" xlink:title="OtherInterestIncome"/>
    <link:label xlink:type="resource" xlink:label="label_OtherInterestIncome_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherInterestIncome" xml:lang="en" id="label_OtherInterestIncome_3">Interest income (mulig selskapsspesifikk other interest income)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInterestIncome_3" xlink:to="label_OtherInterestIncome_3" xlink:title="label: OtherInterestIncome to label_OtherInterestIncome"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_OtherInterestIncome" xlink:label="OtherInterestIncome_4" xlink:title="OtherInterestIncome"/>
    <link:label xlink:type="resource" xlink:label="label_OtherInterestIncome_4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherInterestIncome" xml:lang="en" id="label_OtherInterestIncome_4">Interest income (mulig selskapsspesifikk other interest income)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInterestIncome_4" xlink:to="label_OtherInterestIncome_4" xlink:title="label: OtherInterestIncome to label_OtherInterestIncome"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_ProfitLossAttributableToAdditionalTier1CapitalHolders" xlink:label="ProfitLossAttributableToAdditionalTier1CapitalHolders" xlink:title="ProfitLossAttributableToAdditionalTier1CapitalHolders"/>
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToAdditionalTier1CapitalHolders" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossAttributableToAdditionalTier1CapitalHolders" xml:lang="en" id="label_ProfitLossAttributableToAdditionalTier1CapitalHolders">Profit (loss), attributable to additional tier1 capital holders</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToAdditionalTier1CapitalHolders" xlink:to="label_ProfitLossAttributableToAdditionalTier1CapitalHolders" xlink:title="label: ProfitLossAttributableToAdditionalTier1CapitalHolders to label_ProfitLossAttributableToAdditionalTier1CapitalHolders"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_ProfitLossAttributableToEquityCapitalCertificateHolders" xlink:label="ProfitLossAttributableToEquityCapitalCertificateHolders" xlink:title="ProfitLossAttributableToEquityCapitalCertificateHolders"/>
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToEquityCapitalCertificateHolders" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossAttributableToEquityCapitalCertificateHolders" xml:lang="en" id="label_ProfitLossAttributableToEquityCapitalCertificateHolders">Profit (loss), attributable to equity capital certificate holders</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToEquityCapitalCertificateHolders" xlink:to="label_ProfitLossAttributableToEquityCapitalCertificateHolders" xlink:title="label: ProfitLossAttributableToEquityCapitalCertificateHolders to label_ProfitLossAttributableToEquityCapitalCertificateHolders"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_ProfitLossAttributableToEquityCapitalCertificateHolders" xlink:label="ProfitLossAttributableToEquityCapitalCertificateHolders_2" xlink:title="ProfitLossAttributableToEquityCapitalCertificateHolders"/>
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToEquityCapitalCertificateHolders_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLossAttributableToEquityCapitalCertificateHolders" xml:lang="en" id="label_ProfitLossAttributableToEquityCapitalCertificateHolders_2">Profit (loss), attributable to ordinary equity holders of parent entity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToEquityCapitalCertificateHolders_2" xlink:to="label_ProfitLossAttributableToEquityCapitalCertificateHolders_2" xlink:title="label: ProfitLossAttributableToEquityCapitalCertificateHolders to label_ProfitLossAttributableToEquityCapitalCertificateHolders"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_ProfitLossAttributableToTheSavingBankReserve" xlink:label="ProfitLossAttributableToTheSavingBankReserve" xlink:title="ProfitLossAttributableToTheSavingBankReserve"/>
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToTheSavingBankReserve" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossAttributableToTheSavingBankReserve" xml:lang="en" id="label_ProfitLossAttributableToTheSavingBankReserve">Profit (loss), attributable to the saving bank reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToTheSavingBankReserve" xlink:to="label_ProfitLossAttributableToTheSavingBankReserve" xlink:title="label: ProfitLossAttributableToTheSavingBankReserve to label_ProfitLossAttributableToTheSavingBankReserve"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_ProfitLossBeforeTaxAndImpairment" xlink:label="ProfitLossBeforeTaxAndImpairment" xlink:title="ProfitLossBeforeTaxAndImpairment"/>
    <link:label xlink:type="resource" xlink:label="label_ProfitLossBeforeTaxAndImpairment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossBeforeTaxAndImpairment" xml:lang="en" id="label_ProfitLossBeforeTaxAndImpairment">Profit (loss), before tax and impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossBeforeTaxAndImpairment" xlink:to="label_ProfitLossBeforeTaxAndImpairment" xlink:title="label: ProfitLossBeforeTaxAndImpairment to label_ProfitLossBeforeTaxAndImpairment"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_RevenueIncome" xlink:label="RevenueIncome" xlink:title="RevenueIncome"/>
    <link:label xlink:type="resource" xlink:label="label_RevenueIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenueIncome" xml:lang="en" id="label_RevenueIncome">Revenue Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueIncome" xlink:to="label_RevenueIncome" xlink:title="label: RevenueIncome to label_RevenueIncome"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_RevenueIncome" xlink:label="RevenueIncome_2" xlink:title="RevenueIncome"/>
    <link:label xlink:type="resource" xlink:label="label_RevenueIncome_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_RevenueIncome" xml:lang="en" id="label_RevenueIncome_2">Total Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueIncome_2" xlink:to="label_RevenueIncome_2" xlink:title="label: RevenueIncome to label_RevenueIncome"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_DividendEqualizationFund" xlink:label="DividendEqualizationFund" xlink:title="DividendEqualizationFund"/>
    <link:label xlink:type="resource" xlink:label="label_DividendEqualizationFund" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendEqualizationFund" xml:lang="en" id="label_DividendEqualizationFund">Dividend Equalization Fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendEqualizationFund" xlink:to="label_DividendEqualizationFund" xlink:title="label: DividendEqualizationFund to label_DividendEqualizationFund"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_DividendAllocation" xlink:label="DividendAllocation" xlink:title="DividendAllocation"/>
    <link:label xlink:type="resource" xlink:label="label_DividendAllocation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendAllocation" xml:lang="en" id="label_DividendAllocation">Dividend Allocation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendAllocation" xlink:to="label_DividendAllocation" xlink:title="label: DividendAllocation to label_DividendAllocation"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_GiftsAllocation" xlink:label="GiftsAllocation" xlink:title="GiftsAllocation"/>
    <link:label xlink:type="resource" xlink:label="label_GiftsAllocation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GiftsAllocation" xml:lang="en" id="label_GiftsAllocation">Gifts Allocation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GiftsAllocation" xlink:to="label_GiftsAllocation" xlink:title="label: GiftsAllocation to label_GiftsAllocation"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_OwnerlessCapital" xlink:label="OwnerlessCapital" xlink:title="OwnerlessCapital"/>
    <link:label xlink:type="resource" xlink:label="label_OwnerlessCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OwnerlessCapital" xml:lang="en" id="label_OwnerlessCapital">Ownerless Capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OwnerlessCapital" xlink:to="label_OwnerlessCapital" xlink:title="label: OwnerlessCapital to label_OwnerlessCapital"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_UnrealizedGainsReserve" xlink:label="UnrealizedGainsReserve" xlink:title="UnrealizedGainsReserve"/>
    <link:label xlink:type="resource" xlink:label="label_UnrealizedGainsReserve" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnrealizedGainsReserve" xml:lang="en" id="label_UnrealizedGainsReserve">Unrealized Gains Reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnrealizedGainsReserve" xlink:to="label_UnrealizedGainsReserve" xlink:title="label: UnrealizedGainsReserve to label_UnrealizedGainsReserve"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_AdditionalTier1Capital" xlink:label="AdditionalTierOneCapital" xlink:title="AdditionalTierOneCapital"/>
    <link:label xlink:type="resource" xlink:label="label_AdditionalTierOneCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalTierOneCapital" xml:lang="en" id="label_AdditionalTierOneCapital">Additional Tier 1 Capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalTierOneCapital" xlink:to="label_AdditionalTierOneCapital" xlink:title="label: AdditionalTierOneCapital to label_AdditionalTierOneCapital"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_ComprehensiveIncomeAttributableToAdditionalTier1CapitalHolders" xlink:label="ComprehensiveIncomeAttributableToAdditionalTier1CapitalHolders" xlink:title="ComprehensiveIncomeAttributableToAdditionalTier1CapitalHolders"/>
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAttributableToAdditionalTier1CapitalHolders" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComprehensiveIncomeAttributableToAdditionalTier1CapitalHolders" xml:lang="en" id="label_ComprehensiveIncomeAttributableToAdditionalTier1CapitalHolders">Comprehensive Income Attributable To Additional Tier1 Capital Holders</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToAdditionalTier1CapitalHolders" xlink:to="label_ComprehensiveIncomeAttributableToAdditionalTier1CapitalHolders" xlink:title="label: ComprehensiveIncomeAttributableToAdditionalTier1CapitalHolders to label_ComprehensiveIncomeAttributableToAdditionalTier1CapitalHolders"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_ComprehensiveIncomeAttributableToEquityCapitalCertificateHolders" xlink:label="ComprehensiveIncomeAttributableToEquityCapitalCertificateHolders" xlink:title="ComprehensiveIncomeAttributableToEquityCapitalCertificateHolders"/>
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAttributableToEquityCapitalCertificateHolders" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComprehensiveIncomeAttributableToEquityCapitalCertificateHolders" xml:lang="en" id="label_ComprehensiveIncomeAttributableToEquityCapitalCertificateHolders">Comprehensive Income Attributable To Equity Capital Certificate Holders</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToEquityCapitalCertificateHolders" xlink:to="label_ComprehensiveIncomeAttributableToEquityCapitalCertificateHolders" xlink:title="label: ComprehensiveIncomeAttributableToEquityCapitalCertificateHolders to label_ComprehensiveIncomeAttributableToEquityCapitalCertificateHolders"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_ComprehensiveIncomeAttributableToTheSavingBankReserve" xlink:label="ComprehensiveIncomeAttributableToTheSavingBankReserve" xlink:title="ComprehensiveIncomeAttributableToTheSavingBankReserve"/>
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAttributableToTheSavingBankReserve" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComprehensiveIncomeAttributableToTheSavingBankReserve" xml:lang="en" id="label_ComprehensiveIncomeAttributableToTheSavingBankReserve">Comprehensive Income Attributable To The Saving Bank Reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToTheSavingBankReserve" xlink:to="label_ComprehensiveIncomeAttributableToTheSavingBankReserve" xlink:title="label: ComprehensiveIncomeAttributableToTheSavingBankReserve to label_ComprehensiveIncomeAttributableToTheSavingBankReserve"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_AdjustmentsForIncreaseDecreaseInDebtInstrumentsHeld" xlink:label="AdjustmentsForIncreaseDecreaseDebtInstrumentsHeld" xlink:title="AdjustmentsForIncreaseDecreaseDebtInstrumentsHeld"/>
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForIncreaseDecreaseDebtInstrumentsHeld" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForIncreaseDecreaseDebtInstrumentsHeld" xml:lang="en" id="label_AdjustmentsForIncreaseDecreaseDebtInstrumentsHeld">Adjustments for increase (decrease) in debt instruments held</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncreaseDecreaseDebtInstrumentsHeld" xlink:to="label_AdjustmentsForIncreaseDecreaseDebtInstrumentsHeld" xlink:title="label: AdjustmentsForIncreaseDecreaseDebtInstrumentsHeld to label_AdjustmentsForIncreaseDecreaseDebtInstrumentsHeld"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_GiftsPaid" xlink:label="GiftsPaid" xlink:title="GiftsPaid"/>
    <link:label xlink:type="resource" xlink:label="label_GiftsPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GiftsPaid" xml:lang="en" id="label_GiftsPaid">Gifts paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GiftsPaid" xlink:to="label_GiftsPaid" xlink:title="label: GiftsPaid to label_GiftsPaid"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_GiftsPaid" xlink:label="GiftsPaid_2" xlink:title="GiftsPaid"/>
    <link:label xlink:type="resource" xlink:label="label_GiftsPaid_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_GiftsPaid" xml:lang="en" id="label_GiftsPaid_2">Disbursed from gift fund</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GiftsPaid_2" xlink:to="label_GiftsPaid_2" xlink:title="label: GiftsPaid to label_GiftsPaid"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_ProceedsFromIssueOfAdditionalTier1Capital" xlink:label="ProceedsFromIssueOfAdditionalTier1Capital" xlink:title="ProceedsFromIssueOfAdditionalTier1Capital"/>
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromIssueOfAdditionalTier1Capital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromIssueOfAdditionalTier1Capital" xml:lang="en" id="label_ProceedsFromIssueOfAdditionalTier1Capital">Proceeds from issue of additional Tier 1 capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssueOfAdditionalTier1Capital" xlink:to="label_ProceedsFromIssueOfAdditionalTier1Capital" xlink:title="label: ProceedsFromIssueOfAdditionalTier1Capital to label_ProceedsFromIssueOfAdditionalTier1Capital"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_ProceedsFromIssueOfAdditionalTier1Capital" xlink:label="ProceedsFromIssueOfAdditionalTier1Capital_2" xlink:title="ProceedsFromIssueOfAdditionalTier1Capital"/>
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromIssueOfAdditionalTier1Capital_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromIssueOfAdditionalTier1Capital" xml:lang="en" id="label_ProceedsFromIssueOfAdditionalTier1Capital_2">Additional Tier 1 Capital issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromIssueOfAdditionalTier1Capital_2" xlink:to="label_ProceedsFromIssueOfAdditionalTier1Capital_2" xlink:title="label: ProceedsFromIssueOfAdditionalTier1Capital to label_ProceedsFromIssueOfAdditionalTier1Capital"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities" xlink:label="InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities" xlink:title="InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities"/>
    <link:label xlink:type="resource" xlink:label="label_InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities" xml:lang="en" id="label_InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities">Interest paid on additional Tier 1 capital classified as financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities" xlink:to="label_InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities" xlink:title="label: InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities to label_InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities" xlink:label="InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities_2" xlink:title="InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities"/>
    <link:label xlink:type="resource" xlink:label="label_InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities" xml:lang="en" id="label_InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities_2">Interest payments additional Tier 1 capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities_2" xlink:to="label_InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities_2" xlink:title="label: InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities to label_InterestPaidOnAdditionalTier1CapitalClassifiedAsFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodNetOfTax" xlink:label="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodNetOfTax" xlink:title="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodNetOfTax"/>
    <link:label xlink:type="resource" xlink:label="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodNetOfTax" xml:lang="en" id="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodNetOfTax">Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodNetOfTax" xlink:to="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodNetOfTax" xlink:title="label: ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodNetOfTax to label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodNetOfTax"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_IssueOfAdditionalTier1Capital" xlink:label="IssueOfAdditionalTier1Capital" xlink:title="IssueOfAdditionalTier1Capital"/>
    <link:label xlink:type="resource" xlink:label="label_IssueOfAdditionalTier1Capital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IssueOfAdditionalTier1Capital" xml:lang="en" id="label_IssueOfAdditionalTier1Capital">Issue of additional Tier 1 capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssueOfAdditionalTier1Capital" xlink:to="label_IssueOfAdditionalTier1Capital" xlink:title="label: IssueOfAdditionalTier1Capital to label_IssueOfAdditionalTier1Capital"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_ReductionOfAdditionalTier1Capital" xlink:label="ReductionOfAdditionalTier1Capital" xlink:title="ReductionOfAdditionalTier1Capital"/>
    <link:label xlink:type="resource" xlink:label="label_ReductionOfAdditionalTier1Capital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReductionOfAdditionalTier1Capital" xml:lang="en" id="label_ReductionOfAdditionalTier1Capital">Reduction of additional Tier 1 capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReductionOfAdditionalTier1Capital" xlink:to="label_ReductionOfAdditionalTier1Capital" xlink:title="label: ReductionOfAdditionalTier1Capital to label_ReductionOfAdditionalTier1Capital"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_InterestPaidOnAdditionalTier1Capital" xlink:label="InterestPaidOnAdditionalTier1Capital" xlink:title="InterestPaidOnAdditionalTier1Capital"/>
    <link:label xlink:type="resource" xlink:label="label_InterestPaidOnAdditionalTier1Capital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestPaidOnAdditionalTier1Capital" xml:lang="en" id="label_InterestPaidOnAdditionalTier1Capital">Interest paid on additional Tier 1 capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPaidOnAdditionalTier1Capital" xlink:to="label_InterestPaidOnAdditionalTier1Capital" xlink:title="label: InterestPaidOnAdditionalTier1Capital to label_InterestPaidOnAdditionalTier1Capital"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_ShareOfOtherTransactionsFromAssociatesAndJointVentures" xlink:label="ShareOfOtherTransactionsFromAssociatesAndJointVentures" xlink:title="ShareOfOtherTransactionsFromAssociatesAndJointVentures"/>
    <link:label xlink:type="resource" xlink:label="label_ShareOfOtherTransactionsFromAssociatesAndJointVentures" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareOfOtherTransactionsFromAssociatesAndJointVentures" xml:lang="en" id="label_ShareOfOtherTransactionsFromAssociatesAndJointVentures">Share of other transactions from associates and joint ventures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfOtherTransactionsFromAssociatesAndJointVentures" xlink:to="label_ShareOfOtherTransactionsFromAssociatesAndJointVentures" xlink:title="label: ShareOfOtherTransactionsFromAssociatesAndJointVentures to label_ShareOfOtherTransactionsFromAssociatesAndJointVentures"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_IncreaseDecreaseThroughChangesInNonControllingInterests" xlink:label="IncreaseDecreaseThroughChangesInNonControllingInterests" xlink:title="IncreaseDecreaseThroughChangesInNonControllingInterests"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughChangesInNonControllingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughChangesInNonControllingInterests" xml:lang="en" id="label_IncreaseDecreaseThroughChangesInNonControllingInterests">Increase (decrease) through changes in non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughChangesInNonControllingInterests" xlink:to="label_IncreaseDecreaseThroughChangesInNonControllingInterests" xlink:title="label: IncreaseDecreaseThroughChangesInNonControllingInterests to label_IncreaseDecreaseThroughChangesInNonControllingInterests"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_IncreaseDecreaseThroughChangesInNonControllingInterests" xlink:label="IncreaseDecreaseThroughChangesInNonControllingInterests_2" xlink:title="IncreaseDecreaseThroughChangesInNonControllingInterests"/>
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughChangesInNonControllingInterests_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughChangesInNonControllingInterests" xml:lang="en" id="label_IncreaseDecreaseThroughChangesInNonControllingInterests_2">Change in non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughChangesInNonControllingInterests_2" xlink:to="label_IncreaseDecreaseThroughChangesInNonControllingInterests_2" xlink:title="label: IncreaseDecreaseThroughChangesInNonControllingInterests to label_IncreaseDecreaseThroughChangesInNonControllingInterests"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_AdditionalTier1CapitalMember" xlink:label="AdditionalTier1CapitalMember" xlink:title="AdditionalTier1CapitalMember"/>
    <link:label xlink:type="resource" xlink:label="label_AdditionalTier1CapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalTier1CapitalMember" xml:lang="en" id="label_AdditionalTier1CapitalMember">Additional Tier 1 Capital [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalTier1CapitalMember" xlink:to="label_AdditionalTier1CapitalMember" xlink:title="label: AdditionalTier1CapitalMember to label_AdditionalTier1CapitalMember"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_OwnerlessCapitalMember" xlink:label="OwnerlessCapitalMember" xlink:title="OwnerlessCapitalMember"/>
    <link:label xlink:type="resource" xlink:label="label_OwnerlessCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OwnerlessCapitalMember" xml:lang="en" id="label_OwnerlessCapitalMember">Ownerless capital [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OwnerlessCapitalMember" xlink:to="label_OwnerlessCapitalMember" xlink:title="label: OwnerlessCapitalMember to label_OwnerlessCapitalMember"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_EqualisationFundMember" xlink:label="EqualisationFundMember" xlink:title="EqualisationFundMember"/>
    <link:label xlink:type="resource" xlink:label="label_EqualisationFundMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EqualisationFundMember" xml:lang="en" id="label_EqualisationFundMember">Equalisation fund [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EqualisationFundMember" xlink:to="label_EqualisationFundMember" xlink:title="label: EqualisationFundMember to label_EqualisationFundMember"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_DividendsAndGiftsMember" xlink:label="DividendsAndGiftsMember" xlink:title="DividendsAndGiftsMember"/>
    <link:label xlink:type="resource" xlink:label="label_DividendsAndGiftsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsAndGiftsMember" xml:lang="en" id="label_DividendsAndGiftsMember">Dividends and gifts [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsAndGiftsMember" xlink:to="label_DividendsAndGiftsMember" xlink:title="label: DividendsAndGiftsMember to label_DividendsAndGiftsMember"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_UnrealisedGainsReserveMember" xlink:label="UnrealisedGainsReserveMember" xlink:title="UnrealisedGainsReserveMember"/>
    <link:label xlink:type="resource" xlink:label="label_UnrealisedGainsReserveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnrealisedGainsReserveMember" xml:lang="en" id="label_UnrealisedGainsReserveMember">Unrealised gains reserve [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnrealisedGainsReserveMember" xlink:to="label_UnrealisedGainsReserveMember" xlink:title="label: UnrealisedGainsReserveMember to label_UnrealisedGainsReserveMember"/>
    <link:loc xlink:type="locator" xlink:href="sb1smn-2021-12-31.xsd#sb1smn_GainsLossesOnFinancialInstruments" xlink:label="GainsLossesOnFinancialInstruments" xlink:title="GainsLossesOnFinancialInstruments"/>
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