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    <labelArc xlink:type="arc" xlink:from="ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" xlink:to="label_SEB_ifrs-fullCashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_PeriodEnd" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <label xlink:label="label_SEB_sebNetFinancialIncome_Standard" id="SEB_sebNetFinancialIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Nettoresultat av finansiella transaktioner</label>
    <label xlink:label="label_SEB_sebNetOtherIncome_Standard" id="SEB_sebNetOtherIncome_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övriga intäkter, netto</label>
    <label xlink:label="label_SEB_sebProfitBeforeCreditLosses_Standard" id="SEB_sebProfitBeforeCreditLosses_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Resultat före kreditförluster och påförda avgifter</label>
    <label xlink:label="label_SEB_sebImposedLeviesRiskTaxAndResolitionFees_Standard" id="SEB_sebImposedLeviesRiskTaxAndResolitionFees_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Påförda avgifter: riskskatt och resolutionsavgifter</label>
    <label xlink:label="label_SEB_sebOperatingProfitBeforeItemsAffectingComparability_Standard" id="SEB_sebOperatingProfitBeforeItemsAffectingComparability_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Rörelseresultat före jämförelsestörande poster</label>
    <label xlink:label="label_SEB_sebItemsAffectingComparability_Standard" id="SEB_sebItemsAffectingComparability_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Jämförelsestörande poster</label>
    <label xlink:label="label_SEB_sebInterestExpenseCalculatedUsingEffectiveInterestMethod_Standard" id="SEB_sebInterestExpenseCalculatedUsingEffectiveInterestMethod_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Räntekostnader beräknade med effektivräntemetoden</label>
    <label xlink:label="label_SEB_sebRemeasurementOfPensionObligationsIncludingSpecialSalaryTax_Standard" id="SEB_sebRemeasurementOfPensionObligationsIncludingSpecialSalaryTax_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Omvärdering av förmånsbestämda pensionsåtaganden, inklusive särskild löneskatt</label>
    <label xlink:label="label_SEB_sebValuationGainsLossesOnPlanAssetsDuringTheYear_Standard" id="SEB_sebValuationGainsLossesOnPlanAssetsDuringTheYear_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Vinster och förluster vid omvärdering av förvaltningstillgångar under året</label>
    <label xlink:label="label_SEB_sebLoansToCentralBanks_Standard" id="SEB_sebLoansToCentralBanks_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Utlåning till centralbanker</label>
    <label xlink:label="label_SEB_sebLoansToCreditInstitutions_Standard" id="SEB_sebLoansToCreditInstitutions_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Utlåning till kreditinstitut</label>
    <label xlink:label="label_SEB_sebDebtSecuritiesAssets_Standard" id="SEB_sebDebtSecuritiesAssets_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Räntebärande värdepapper</label>
    <label xlink:label="label_SEB_sebInvestmentsInSubsidiariesAssociatesAndJointVentures_Standard" id="SEB_sebInvestmentsInSubsidiariesAssociatesAndJointVentures_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Innehav i dotterbolag, intressebolag och joint ventures</label>
    <label xlink:label="label_SEB_sebNominalValuePerAShare_Standard" id="SEB_sebNominalValuePerAShare_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Nominellt värde per A aktie</label>
    <label xlink:label="label_SEB_sebNominalValuePerCShare_Standard" id="SEB_sebNominalValuePerCShare_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Nominellt värde per C aktie</label>
    <label xlink:label="label_SEB_sebDeductionFromShareholdersEquity_Standard" id="SEB_sebDeductionFromShareholdersEquity_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Ackumulerat avdrag från eget kapital</label>
    <label xlink:label="label_SEB_sebAcquisitionCost_Standard" id="SEB_sebAcquisitionCost_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Årets avdrag från eget kapital</label>
    <label xlink:label="label_SEB_sebCommissionReceived_Standard" id="SEB_sebCommissionReceived_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Erhållna provisioner</label>
    <label xlink:label="label_SEB_sebCommissionPaid_Standard" id="SEB_sebCommissionPaid_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Betalda provisioner</label>
    <label xlink:label="label_SEB_sebNetReceivedFromFinancialTransactions_Standard" id="SEB_sebNetReceivedFromFinancialTransactions_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Erhållet netto av finansiella transaktioner</label>
    <label xlink:label="label_SEB_sebCashFlowFromTheIncomeStatement_Standard" id="SEB_sebCashFlowFromTheIncomeStatement_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kassaflöde från resultaträkningen</label>
    <label xlink:label="label_SEB_sebIncreaseDecreaseInPortfolios_Standard" id="SEB_sebIncreaseDecreaseInPortfolios_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Ökning (–)/minskning (+) i portföljer</label>
    <label xlink:label="label_SEB_sebIncreaseDecreaseInIssuedSecurities_Standard" id="SEB_sebIncreaseDecreaseInIssuedSecurities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Ökning (+)/minskning (–) i emitterade värdepapper</label>
    <label xlink:label="label_SEB_sebIncreaseDecreaseInLendingToCreditInstitutionsAndCentralBanks_Standard" id="SEB_sebIncreaseDecreaseInLendingToCreditInstitutionsAndCentralBanks_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Ökad (–)/minskad (+) utlåning till kreditinstitut och centralbanker</label>
    <label xlink:label="label_SEB_sebIncreaseDecreaseInLendingToThePublic_Standard" id="SEB_sebIncreaseDecreaseInLendingToThePublic_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Ökad (–)/minskad (+) utlåning till allmänheten</label>
    <label xlink:label="label_SEB_sebIncreaseDecreaseInLiabilitiesToCreditInstitutions_Standard" id="SEB_sebIncreaseDecreaseInLiabilitiesToCreditInstitutions_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Ökad (+)/minskad (–) upplåning från kreditinstitut</label>
    <label xlink:label="label_SEB_sebIncreaseDecreaseInDepositsAndBorrowingsFromThePublic_Standard" id="SEB_sebIncreaseDecreaseInDepositsAndBorrowingsFromThePublic_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Ökad (+)/minskad (–) in- och upplåning från allmänheten</label>
    <label xlink:label="label_SEB_sebIncreaseDecreaseInInsurancePortfolios_Standard" id="SEB_sebIncreaseDecreaseInInsurancePortfolios_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Ökning (–)/minskning (+) i försäkringsportföljer</label>
    <label xlink:label="label_SEB_sebSalesOfIntangibleAndTangibleFixedAssets_Standard" id="SEB_sebSalesOfIntangibleAndTangibleFixedAssets_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Försäljning av immateriella och materiella anläggningstillgångar</label>
    <label xlink:label="label_SEB_ifrs-fullCashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_PeriodStart" id="SEB_ifrs-fullCashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_PeriodStart" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="sv">Kassa och likvida medel vid årets början</label>
    <label xlink:label="label_SEB_ifrs-fullCashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_PeriodEnd" id="SEB_ifrs-fullCashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_PeriodEnd" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="sv">KASSA OCH LIKVIDA MEDEL VID PERIODENS SLUT</label>
  </labelLink>
</linkbase>