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    <link:label id="lab_bbva_ProvisionsOrReversalOfProvisions_documentation_en" xlink:label="lab_bbva_ProvisionsOrReversalOfProvisions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Provisions or reversal of provisions</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_bbva_CollectionsTreasurySharesDisposal" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2022-12-31.xsd#bbva_CollectionsTreasurySharesDisposal"/>
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    <link:label id="lab_bbva_CollectionsFromFinancingActivities_5ca45b4c-dfa2-458b-b225-807965e77c9e_totalLabel_en" xlink:label="lab_bbva_CollectionsFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Collections from financing activities</link:label>
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    <link:label id="lab_bbva_CollectionsFromFinancingActivities_documentation_en" xlink:label="lab_bbva_CollectionsFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Collections from financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CollectionsFromFinancingActivities" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2022-12-31.xsd#bbva_CollectionsFromFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_CollectionsFromFinancingActivities" xlink:to="lab_bbva_CollectionsFromFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_4e243315-8751-4b7c-9276-c3bb147ac17f_negatedTotalLabel_en" xlink:label="lab_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Non current assets and disposal groups held for sale that will be reclassified to profit or loss net of tax</link:label>
    <link:label id="lab_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_label_en" xlink:label="lab_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Non current assets and disposal groups held for sale that will be reclassified to profit or loss net of tax</link:label>
    <link:label id="lab_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_documentation_en" xlink:label="lab_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Non current assets and disposal groups held for sale that will be reclassified to profit or loss net of tax</link:label>
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    <link:label id="lab_bbva_TreasuryStockAcquisitionsFromFinancingActivities_4652834f-34e4-450c-b6d4-e1cdca5aebc5_negatedLabel_en" xlink:label="lab_bbva_TreasuryStockAcquisitionsFromFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Treasury stock acquisitions from financing activities</link:label>
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    <link:label id="lab_bbva_MemorandumLoanCommitmentsGiven_documentation_en" xlink:label="lab_bbva_MemorandumLoanCommitmentsGiven" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Memorandum loan commitments given</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_MemorandumLoanCommitmentsGiven" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2022-12-31.xsd#bbva_MemorandumLoanCommitmentsGiven"/>
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    <link:label id="lab_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet_577b4a6b-9d56-471e-a701-d47f508c4152_totalLabel_en" xlink:label="lab_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Gains or losses on financial assets and liabilities held for trading net</link:label>
    <link:label id="lab_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet_label_en" xlink:label="lab_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Gains or losses on financial assets and liabilities held for trading net</link:label>
    <link:label id="lab_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet_documentation_en" xlink:label="lab_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Gains or losses on financial assets and liabilities held for trading net</link:label>
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    <link:label id="lab_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_ae29e891-2069-4804-ad5b-d5bc9b3fbf6b_totalLabel_en" xlink:label="lab_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Impairment or reversal of impairment on non financial assets</link:label>
    <link:label id="lab_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_label_en" xlink:label="lab_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Impairment or reversal of impairment on non financial assets</link:label>
    <link:label id="lab_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_documentation_en" xlink:label="lab_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Impairment or reversal of impairment on non financial assets</link:label>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_7d606b96-df22-48c0-b3b0-fb7a1c766653_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Cash flows from (used in) financing activities, continuing operations</link:label>
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    <link:label id="lab_bbva_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleThatWillNotBeReclassifiedToProfitOrLoss_label_en" xlink:label="lab_bbva_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleThatWillNotBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Non current assets or disposal groups classified as held for sale that will not be reclassified to profit or loss</link:label>
    <link:label id="lab_bbva_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleThatWillNotBeReclassifiedToProfitOrLoss_documentation_en" xlink:label="lab_bbva_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleThatWillNotBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Non current assets or disposal groups classified as held for sale that will not be reclassified to profit or loss</link:label>
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    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCost_9fca705d-95e1-4945-a852-0498f5e8ef51_totalLabel_en" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCost" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Financial liabilities at amortised cost</link:label>
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    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_f7ad1292-ac39-4ccc-8ba4-c3bffe2b264e_totalLabel_en" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Financial assets at fair value through profit or loss, mandatorily measured at fair value</link:label>
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    <link:label id="lab_ifrs-full_InterestRevenueExpense_e8190255-3c05-41d9-81e2-5ef8c218588b_totalLabel_en" xlink:label="lab_ifrs-full_InterestRevenueExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Interest income or expense</link:label>
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    <link:label id="lab_bbva_TangibleAssets_61e86a24-a6b6-4ca8-898e-1505938894f6_totalLabel_en" xlink:label="lab_bbva_TangibleAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Tangible assets</link:label>
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    <link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_0843d75f-dc57-465d-a856-333f9bcae3b7_totalLabel_en" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Profit (loss), attributable to owners of parent</link:label>
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    <link:label id="lab_bbva_OtherReclassificationsOfNonCurrentAssetsHeldForSale_072c5046-b6f9-4558-b580-acdd4d47566b_negatedLabel_en" xlink:label="lab_bbva_OtherReclassificationsOfNonCurrentAssetsHeldForSale" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Other reclassifications of non current assets held for sale</link:label>
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    <link:label id="lab_bbva_InvestmentNonCurrentAssetsClassifiedAsHeldForSaleAndAssociatedLiabilites_label_en" xlink:label="lab_bbva_InvestmentNonCurrentAssetsClassifiedAsHeldForSaleAndAssociatedLiabilites" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Investment non current assets classified as held for sale and associated liabilites</link:label>
    <link:label id="lab_bbva_InvestmentNonCurrentAssetsClassifiedAsHeldForSaleAndAssociatedLiabilites_documentation_en" xlink:label="lab_bbva_InvestmentNonCurrentAssetsClassifiedAsHeldForSaleAndAssociatedLiabilites" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Investment non current assets classified as held for sale and associated liabilites</link:label>
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    <link:label id="lab_ifrs-full_RevenueFromInterest_4df1b9c0-9078-427d-828e-2c48af1df1d7_totalLabel_en" xlink:label="lab_ifrs-full_RevenueFromInterest" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Interest income</link:label>
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    <link:label id="lab_bbva_CustomerDepositsDesignatedAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_label_en" xlink:label="lab_bbva_CustomerDepositsDesignatedAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently</link:label>
    <link:label id="lab_bbva_CustomerDepositsDesignatedAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_documentation_en" xlink:label="lab_bbva_CustomerDepositsDesignatedAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Customer deposits designated at fair value through profit or loss, designated upon initial recognition or subsequently</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CustomerDepositsDesignatedAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2022-12-31.xsd#bbva_CustomerDepositsDesignatedAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
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    <link:label id="lab_bbva_IncreaseDecreaseInOperatingFinancialLiabilitiesAtAmortizedCost_7b877c6b-6437-4659-b0e8-2139a7c14881_negatedLabel_en" xlink:label="lab_bbva_IncreaseDecreaseInOperatingFinancialLiabilitiesAtAmortizedCost" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Increase decrease in operating finanical liabilities at amortized cost</link:label>
    <link:label id="lab_bbva_IncreaseDecreaseInOperatingFinancialLiabilitiesAtAmortizedCost_label_en" xlink:label="lab_bbva_IncreaseDecreaseInOperatingFinancialLiabilitiesAtAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Increase decrease in operating financial liabilities at amortized cost</link:label>
    <link:label id="lab_bbva_IncreaseDecreaseInOperatingFinancialLiabilitiesAtAmortizedCost_documentation_en" xlink:label="lab_bbva_IncreaseDecreaseInOperatingFinancialLiabilitiesAtAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Increase decrease in operating financial liabilities at amortized cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_IncreaseDecreaseInOperatingFinancialLiabilitiesAtAmortizedCost" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2022-12-31.xsd#bbva_IncreaseDecreaseInOperatingFinancialLiabilitiesAtAmortizedCost"/>
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    <link:label id="lab_ifrs-full_InterestExpense_048260d6-4ac5-47bf-b575-79af360be88c_negatedTerseLabel_en" xlink:label="lab_ifrs-full_InterestExpense" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Interest expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpense" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_InterestExpense"/>
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    <link:label id="lab_bbva_FairValueChangesOfFinancialLiabilitiesAtFairValueThroughProfitOrLossAttributableToChangesInTheirCreditRisk_label_en" xlink:label="lab_bbva_FairValueChangesOfFinancialLiabilitiesAtFairValueThroughProfitOrLossAttributableToChangesInTheirCreditRisk" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk</link:label>
    <link:label id="lab_bbva_FairValueChangesOfFinancialLiabilitiesAtFairValueThroughProfitOrLossAttributableToChangesInTheirCreditRisk_documentation_en" xlink:label="lab_bbva_FairValueChangesOfFinancialLiabilitiesAtFairValueThroughProfitOrLossAttributableToChangesInTheirCreditRisk" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_FairValueChangesOfFinancialLiabilitiesAtFairValueThroughProfitOrLossAttributableToChangesInTheirCreditRisk" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2022-12-31.xsd#bbva_FairValueChangesOfFinancialLiabilitiesAtFairValueThroughProfitOrLossAttributableToChangesInTheirCreditRisk"/>
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    <link:label id="lab_bbva_DebtCertificatesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_label_en" xlink:label="lab_bbva_DebtCertificatesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Debt certificates at fair value through profit or loss designated upon initial recognition or subsequently</link:label>
    <link:label id="lab_bbva_DebtCertificatesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_documentation_en" xlink:label="lab_bbva_DebtCertificatesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Debt certificates at fair value through profit or loss designated upon initial recognition or subsequently</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtCertificatesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2022-12-31.xsd#bbva_DebtCertificatesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_DebtCertificatesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently" xlink:to="lab_bbva_DebtCertificatesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_MemorandumFinancialGuaranteesGiven_label_en" xlink:label="lab_bbva_MemorandumFinancialGuaranteesGiven" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Memorandum financial guarantees given</link:label>
    <link:label id="lab_bbva_MemorandumFinancialGuaranteesGiven_documentation_en" xlink:label="lab_bbva_MemorandumFinancialGuaranteesGiven" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Memorandum financial guarantees given</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_MemorandumFinancialGuaranteesGiven" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2022-12-31.xsd#bbva_MemorandumFinancialGuaranteesGiven"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_MemorandumFinancialGuaranteesGiven" xlink:to="lab_bbva_MemorandumFinancialGuaranteesGiven" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_ChangesInEquityOtherThanTotalIncomeOrExpenseRecognized_label_en" xlink:label="lab_bbva_ChangesInEquityOtherThanTotalIncomeOrExpenseRecognized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Changes in equity other than total income or expense recognized</link:label>
    <link:label id="lab_bbva_ChangesInEquityOtherThanTotalIncomeOrExpenseRecognized_documentation_en" xlink:label="lab_bbva_ChangesInEquityOtherThanTotalIncomeOrExpenseRecognized" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Changes in equity other than total income or expense recognized</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ChangesInEquityOtherThanTotalIncomeOrExpenseRecognized" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2022-12-31.xsd#bbva_ChangesInEquityOtherThanTotalIncomeOrExpenseRecognized"/>
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    <link:label id="lab_bbva_ActuarialGainsOrLossesOnDefinedBenefitPensionPlansThatWillNotBeReclassifiedToProfitOrLoss_label_en" xlink:label="lab_bbva_ActuarialGainsOrLossesOnDefinedBenefitPensionPlansThatWillNotBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Actuarial gains or losses on defined benefit pension plans that will not be reclassified to profit or loss</link:label>
    <link:label id="lab_bbva_ActuarialGainsOrLossesOnDefinedBenefitPensionPlansThatWillNotBeReclassifiedToProfitOrLoss_documentation_en" xlink:label="lab_bbva_ActuarialGainsOrLossesOnDefinedBenefitPensionPlansThatWillNotBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Actuarial gains or losses on defined benefit pension plans that will not be reclassified to profit or loss</link:label>
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    <link:label id="lab_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_824f360d-71ba-43f6-9c29-cc9844cea3ff_negatedTotalLabel_en" xlink:label="lab_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Net increase decrease in operating liabilities from operating activities</link:label>
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    <link:label id="lab_bbva_PaidUpCapital_label_en" xlink:label="lab_bbva_PaidUpCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Paid up capital</link:label>
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    <link:label id="lab_bbva_InvestmentOtherSettlementsRelatedToInvestingActivities_d34ac574-5f80-4a17-9e2c-e9f782876e38_negatedLabel_en" xlink:label="lab_bbva_InvestmentOtherSettlementsRelatedToInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Investment other settlements related to investing activities</link:label>
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    <link:label id="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_3e1663e6-319d-40d2-8650-c4965fbf774c_negatedLabel_en" xlink:label="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Income taxes paid (refund), classified as operating activities</link:label>
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