<link:linkbase
    xmlns:link="http://www.xbrl.org/2003/linkbase"
    xmlns:xlink="http://www.w3.org/1999/xlink"
    >
   <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_ActuarialGainsLossesOnEmployeeTerminationBenefits" xlink:label="ext_ActuarialGainsLossesOnEmployeeTerminationBenefits" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_ActuarialGainsLossesOnEmployeeTerminationBenefits" xlink:to="ext_ActuarialGainsLossesOnEmployeeTerminationBenefits_lbl" xlink:type="arc"/>
      <link:label id="id_1" xlink:label="ext_ActuarialGainsLossesOnEmployeeTerminationBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Actuarial gains losses on employee termination benefits</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_AllDimensionsAbstract" xlink:label="ext_AllDimensionsAbstract" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AllDimensionsAbstract" xlink:to="ext_AllDimensionsAbstract_lbl" xlink:type="arc"/>
      <link:label id="id_2" xlink:label="ext_AllDimensionsAbstract_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">All Dimensions [abstract]</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_AllDimensionsLineItems" xlink:label="ext_AllDimensionsLineItems" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_AllDimensionsLineItems" xlink:to="ext_AllDimensionsLineItems_lbl" xlink:type="arc"/>
      <link:label id="id_3" xlink:label="ext_AllDimensionsLineItems_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">All Dimensions [line items]</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_CashAndCashEquivalentsRestrictedAndUnrestricted" xlink:label="ext_CashAndCashEquivalentsRestrictedAndUnrestricted" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_CashAndCashEquivalentsRestrictedAndUnrestricted" xlink:to="ext_CashAndCashEquivalentsRestrictedAndUnrestricted_lbl" xlink:type="arc"/>
      <link:label id="id_4" xlink:label="ext_CashAndCashEquivalentsRestrictedAndUnrestricted_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash and cash equivalents restricted and unrestricted</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_CashAndCashEquivalentsUnrestrictedAndRestricted" xlink:label="ext_CashAndCashEquivalentsUnrestrictedAndRestricted" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_CashAndCashEquivalentsUnrestrictedAndRestricted" xlink:to="ext_CashAndCashEquivalentsUnrestrictedAndRestricted_lbl" xlink:type="arc"/>
      <link:label id="id_5" xlink:label="ext_CashAndCashEquivalentsUnrestrictedAndRestricted_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash and cash equivalents unrestricted and restricted </link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_CashAndDepositsAttributableToBancoPosta" xlink:label="ext_CashAndDepositsAttributableToBancoPosta" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_CashAndDepositsAttributableToBancoPosta" xlink:to="ext_CashAndDepositsAttributableToBancoPosta_lbl" xlink:type="arc"/>
      <link:label id="id_6" xlink:label="ext_CashAndDepositsAttributableToBancoPosta_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash and deposits attributable to BancoPosta</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_CashGeneratedByUsedForFinancialAssetsLiabilitiesAttributableToFinancialActivitiesPaymentsCardsAndAcquiringAndInsurance" xlink:label="ext_CashGeneratedByUsedForFinancialAssetsLiabilitiesAttributableToFinancialActivitiesPaymentsCardsAndAcquiringAndInsurance" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_CashGeneratedByUsedForFinancialAssetsLiabilitiesAttributableToFinancialActivitiesPaymentsCardsAndAcquiringAndInsurance" xlink:to="ext_CashGeneratedByUsedForFinancialAssetsLiabilitiesAttributableToFinancialActivitiesPaymentsCardsAndAcquiringAndInsurance_lbl" xlink:type="arc"/>
      <link:label id="id_7" xlink:label="ext_CashGeneratedByUsedForFinancialAssetsLiabilitiesAttributableToFinancialActivitiesPaymentsCardsAndAcquiringAndInsurance_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash generated by used for financial assets liabilities attributable to financial activities, payments, cards and acquiring and insurance</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_ChangeInScopeOfConsolidation" xlink:label="ext_ChangeInScopeOfConsolidation" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_ChangeInScopeOfConsolidation" xlink:to="ext_ChangeInScopeOfConsolidation_lbl" xlink:type="arc"/>
      <link:label id="id_8" xlink:label="ext_ChangeInScopeOfConsolidation_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Change in scope of consolidation</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_ChangeInTaxCreditsLaw772020" xlink:label="ext_ChangeInTaxCreditsLaw772020" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_ChangeInTaxCreditsLaw772020" xlink:to="ext_ChangeInTaxCreditsLaw772020_lbl" xlink:type="arc"/>
      <link:label id="id_9" xlink:label="ext_ChangeInTaxCreditsLaw772020_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Change in tax credits Law 77 2020</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_ChangeInTechnicalProvisionsForInsuranceBusinessAndOtherClaimExpense" xlink:label="ext_ChangeInTechnicalProvisionsForInsuranceBusinessAndOtherClaimExpense" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_ChangeInTechnicalProvisionsForInsuranceBusinessAndOtherClaimExpense" xlink:to="ext_ChangeInTechnicalProvisionsForInsuranceBusinessAndOtherClaimExpense_lbl" xlink:type="arc"/>
      <link:label id="id_10" xlink:label="ext_ChangeInTechnicalProvisionsForInsuranceBusinessAndOtherClaimExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Change in technical provisions for insurance business and other claim expense</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_CostOfGoodsAndServices" xlink:label="ext_CostOfGoodsAndServices" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_CostOfGoodsAndServices" xlink:to="ext_CostOfGoodsAndServices_lbl" xlink:type="arc"/>
      <link:label id="id_11" xlink:label="ext_CostOfGoodsAndServices_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cost of goods and services</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_EmployeeTerminationBenefits" xlink:label="ext_EmployeeTerminationBenefits" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_EmployeeTerminationBenefits" xlink:to="ext_EmployeeTerminationBenefits_lbl" xlink:type="arc"/>
      <link:label id="id_12" xlink:label="ext_EmployeeTerminationBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Employee termination benefits</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_EquityInstrumentsPerpetualHybridBonds" xlink:label="ext_EquityInstrumentsPerpetualHybridBonds" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_EquityInstrumentsPerpetualHybridBonds" xlink:to="ext_EquityInstrumentsPerpetualHybridBonds_lbl" xlink:type="arc"/>
      <link:label id="id_13" xlink:label="ext_EquityInstrumentsPerpetualHybridBonds_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Equity instruments perpetual hybrid bonds</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_ExpensesFromFinancialActivities" xlink:label="ext_ExpensesFromFinancialActivities" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_ExpensesFromFinancialActivities" xlink:to="ext_ExpensesFromFinancialActivities_lbl" xlink:type="arc"/>
      <link:label id="id_14" xlink:label="ext_ExpensesFromFinancialActivities_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Expenses from financial activities</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_FinanceIncomeInFormOfInterest" xlink:label="ext_FinanceIncomeInFormOfInterest" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_FinanceIncomeInFormOfInterest" xlink:to="ext_FinanceIncomeInFormOfInterest_lbl" xlink:type="arc"/>
      <link:label id="id_15" xlink:label="ext_FinanceIncomeInFormOfInterest_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Finance income in form of interest</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_ImpairmentLossesAndReversalsOfImpairmentLossesOnFinancialAssets" xlink:label="ext_ImpairmentLossesAndReversalsOfImpairmentLossesOnFinancialAssets" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_ImpairmentLossesAndReversalsOfImpairmentLossesOnFinancialAssets" xlink:to="ext_ImpairmentLossesAndReversalsOfImpairmentLossesOnFinancialAssets_lbl" xlink:type="arc"/>
      <link:label id="id_16" xlink:label="ext_ImpairmentLossesAndReversalsOfImpairmentLossesOnFinancialAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Impairment losses and reversals of impairment losses on financial assets </link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_ImpairmentLossesReversalsOfImpairmentLossesOnDebtInstrumentsReceivablesAndOtherAssets" xlink:label="ext_ImpairmentLossesReversalsOfImpairmentLossesOnDebtInstrumentsReceivablesAndOtherAssets" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_ImpairmentLossesReversalsOfImpairmentLossesOnDebtInstrumentsReceivablesAndOtherAssets" xlink:to="ext_ImpairmentLossesReversalsOfImpairmentLossesOnDebtInstrumentsReceivablesAndOtherAssets_lbl" xlink:type="arc"/>
      <link:label id="id_17" xlink:label="ext_ImpairmentLossesReversalsOfImpairmentLossesOnDebtInstrumentsReceivablesAndOtherAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Impairment losses reversals of impairment losses on debt instruments, receivables and other assets</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_ImpairmentLossesReversalsOfImpairmentLossesOnFinancialAssets" xlink:label="ext_ImpairmentLossesReversalsOfImpairmentLossesOnFinancialAssets" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_ImpairmentLossesReversalsOfImpairmentLossesOnFinancialAssets" xlink:to="ext_ImpairmentLossesReversalsOfImpairmentLossesOnFinancialAssets_lbl" xlink:type="arc"/>
      <link:label id="id_18" xlink:label="ext_ImpairmentLossesReversalsOfImpairmentLossesOnFinancialAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Impairment losses reversals of impairment losses on financial assets</link:label>
      <link:label id="id_19" xlink:label="ext_ImpairmentLossesReversalsOfImpairmentLossesOnFinancialAssets_lbl" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">The amount of the impairment loss, the impairment loss or the reversal of value that is recognized in profit or loss in accordance with paragraph 5.5.8 of IFRS 9 and it derives from the application of the provisions on impairment pursuant to section 5.5 of IFRS 9.</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_ImpairmentsReversalsOfImpairmentsOfInvestments" xlink:label="ext_ImpairmentsReversalsOfImpairmentsOfInvestments" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_ImpairmentsReversalsOfImpairmentsOfInvestments" xlink:to="ext_ImpairmentsReversalsOfImpairmentsOfInvestments_lbl" xlink:type="arc"/>
      <link:label id="id_20" xlink:label="ext_ImpairmentsReversalsOfImpairmentsOfInvestments_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Impairments reversals of impairments of investments</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_IncreaseDecreaseForExpectedLosses" xlink:label="ext_IncreaseDecreaseForExpectedLosses" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_IncreaseDecreaseForExpectedLosses" xlink:to="ext_IncreaseDecreaseForExpectedLosses_lbl" xlink:type="arc"/>
      <link:label id="id_21" xlink:label="ext_IncreaseDecreaseForExpectedLosses_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Increase decrease for expected losses</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_IncreaseDecreaseInCashAndDepositsAttributableToBancoPosta" xlink:label="ext_IncreaseDecreaseInCashAndDepositsAttributableToBancoPosta" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_IncreaseDecreaseInCashAndDepositsAttributableToBancoPosta" xlink:to="ext_IncreaseDecreaseInCashAndDepositsAttributableToBancoPosta_lbl" xlink:type="arc"/>
      <link:label id="id_22" xlink:label="ext_IncreaseDecreaseInCashAndDepositsAttributableToBancoPosta_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Increase decrease in Cash and deposits attributable to BancoPosta</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_IncreaseDecreaseInLiabilitiesAttributableToFinancialActivitiesPaymentsCardsAndAcquiringAndInsurance" xlink:label="ext_IncreaseDecreaseInLiabilitiesAttributableToFinancialActivitiesPaymentsCardsAndAcquiringAndInsurance" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_IncreaseDecreaseInLiabilitiesAttributableToFinancialActivitiesPaymentsCardsAndAcquiringAndInsurance" xlink:to="ext_IncreaseDecreaseInLiabilitiesAttributableToFinancialActivitiesPaymentsCardsAndAcquiringAndInsurance_lbl" xlink:type="arc"/>
      <link:label id="id_23" xlink:label="ext_IncreaseDecreaseInLiabilitiesAttributableToFinancialActivitiesPaymentsCardsAndAcquiringAndInsurance_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Increase decrease in liabilities attributable to financial activities, payments, cards and acquiring and insurance</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_NetCashGeneratedByUsedForFinancialAssetsAndTaxCreditsLaw772020AttributableToFinancialActivitiesPaymentsCardsAndAcquiringAndInsurance" xlink:label="ext_NetCashGeneratedByUsedForFinancialAssetsAndTaxCreditsLaw772020AttributableToFinancialActivitiesPaymentsCardsAndAcquiringAndInsurance" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_NetCashGeneratedByUsedForFinancialAssetsAndTaxCreditsLaw772020AttributableToFinancialActivitiesPaymentsCardsAndAcquiringAndInsurance" xlink:to="ext_NetCashGeneratedByUsedForFinancialAssetsAndTaxCreditsLaw772020AttributableToFinancialActivitiesPaymentsCardsAndAcquiringAndInsurance_lbl" xlink:type="arc"/>
      <link:label id="id_24" xlink:label="ext_NetCashGeneratedByUsedForFinancialAssetsAndTaxCreditsLaw772020AttributableToFinancialActivitiesPaymentsCardsAndAcquiringAndInsurance_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Net cash generated by used for financial assets and tax credits Law 77 2020 attributable to financial activities, payments, cards and acquiring and insurance</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_NetOperatingRevenue" xlink:label="ext_NetOperatingRevenue" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_NetOperatingRevenue" xlink:to="ext_NetOperatingRevenue_lbl" xlink:type="arc"/>
      <link:label id="id_25" xlink:label="ext_NetOperatingRevenue_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Net operating revenue</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_NetRevenueFromFinancialServices" xlink:label="ext_NetRevenueFromFinancialServices" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_NetRevenueFromFinancialServices" xlink:to="ext_NetRevenueFromFinancialServices_lbl" xlink:type="arc"/>
      <link:label id="id_26" xlink:label="ext_NetRevenueFromFinancialServices_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Net revenue from Financial Services</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_NonRecurringFinanceIncome" xlink:label="ext_NonRecurringFinanceIncome" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_NonRecurringFinanceIncome" xlink:to="ext_NonRecurringFinanceIncome_lbl" xlink:type="arc"/>
      <link:label id="id_27" xlink:label="ext_NonRecurringFinanceIncome_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Non recurring finance income</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_NonRecurringIncomeTaxExpense" xlink:label="ext_NonRecurringIncomeTaxExpense" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_NonRecurringIncomeTaxExpense" xlink:to="ext_NonRecurringIncomeTaxExpense_lbl" xlink:type="arc"/>
      <link:label id="id_28" xlink:label="ext_NonRecurringIncomeTaxExpense_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Non recurring income tax expense</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_ProceedsFromRepaymentsOfLongTermBorrowings" xlink:label="ext_ProceedsFromRepaymentsOfLongTermBorrowings" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_ProceedsFromRepaymentsOfLongTermBorrowings" xlink:to="ext_ProceedsFromRepaymentsOfLongTermBorrowings_lbl" xlink:type="arc"/>
      <link:label id="id_29" xlink:label="ext_ProceedsFromRepaymentsOfLongTermBorrowings_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Proceeds from Repayments of long term borrowings</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_ProvisionsForEmployeeTerminationBenefits" xlink:label="ext_ProvisionsForEmployeeTerminationBenefits" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_ProvisionsForEmployeeTerminationBenefits" xlink:to="ext_ProvisionsForEmployeeTerminationBenefits_lbl" xlink:type="arc"/>
      <link:label id="id_30" xlink:label="ext_ProvisionsForEmployeeTerminationBenefits_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Provisions for employee termination benefits</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_PurchaseSaleOfTreasuryShares" xlink:label="ext_PurchaseSaleOfTreasuryShares" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_PurchaseSaleOfTreasuryShares" xlink:to="ext_PurchaseSaleOfTreasuryShares_lbl" xlink:type="arc"/>
      <link:label id="id_31" xlink:label="ext_PurchaseSaleOfTreasuryShares_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Purchase Sale of treasury shares</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_RestrictedCashAndCashEquivalentsAtEndOfYear" xlink:label="ext_RestrictedCashAndCashEquivalentsAtEndOfYear" xlink:type="locator"/>
      <link:labelArc order="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ext_RestrictedCashAndCashEquivalentsAtEndOfYear" xlink:to="ext_RestrictedCashAndCashEquivalentsAtEndOfYear_lbl" xlink:type="arc"/>
      <link:label id="id_32" xlink:label="ext_RestrictedCashAndCashEquivalentsAtEndOfYear_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Restricted cash and cash equivalents at end of year</link:label>

      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_RevenueFromFinancialServices" xlink:label="ext_RevenueFromFinancialServices" xlink:type="locator"/>
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      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_UseOfProvisionsForRisksAndCharges" xlink:label="ext_UseOfProvisionsForRisksAndCharges" xlink:type="locator"/>
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      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_BancoPostaRFCReserveMember" xlink:label="ext_BancoPostaRFCReserveMember" xlink:type="locator"/>
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      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_EquityInstrumentsPerpetualHybridBondsMember" xlink:label="ext_EquityInstrumentsPerpetualHybridBondsMember" xlink:type="locator"/>
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      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_ReserveForInvesteesAccountedForUsingEquityMethodMember" xlink:label="ext_ReserveForInvesteesAccountedForUsingEquityMethodMember" xlink:type="locator"/>
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      <link:loc xlink:href="815600354DEDBD0BA991-2021-12-31.xsd#ext_AllDimensionsTable" xlink:label="ext_AllDimensionsTable" xlink:type="locator"/>
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      <link:label id="id_44" xlink:label="ext_AllDimensionsTable_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">All Dimensions [table]</link:label>

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