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    <link:label id="lab_bbva_TangibleAssetsForOwnUse_label_en" xlink:label="lab_bbva_TangibleAssetsForOwnUse" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Tangible assets for own use</link:label>
    <link:label id="lab_bbva_TangibleAssetsForOwnUse_documentation_en" xlink:label="lab_bbva_TangibleAssetsForOwnUse" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Tangible assets for own use</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TangibleAssetsForOwnUse" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_TangibleAssetsForOwnUse"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_TangibleAssetsForOwnUse" xlink:to="lab_bbva_TangibleAssetsForOwnUse" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterestMember_label_en" xlink:label="lab_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterestMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Accumulated other comprehensive income non controlling interest [Member]</link:label>
    <link:label id="lab_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterestMember_documentation_en" xlink:label="lab_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterestMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Accumulated other comprehensive income non controlling interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterestMember" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterestMember"/>
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    <link:label id="lab_bbva_OtherNonControllingInterestItemsMember_label_en" xlink:label="lab_bbva_OtherNonControllingInterestItemsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other non controlling interest items [Member]</link:label>
    <link:label id="lab_bbva_OtherNonControllingInterestItemsMember_documentation_en" xlink:label="lab_bbva_OtherNonControllingInterestItemsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Other non controlling interest items</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherNonControllingInterestItemsMember" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_OtherNonControllingInterestItemsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_OtherNonControllingInterestItemsMember" xlink:to="lab_bbva_OtherNonControllingInterestItemsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_ReservesOrAccumulatedLossesOfInvestmentsInSubsidiariesJointVenturesAndAssociates_label_en" xlink:label="lab_bbva_ReservesOrAccumulatedLossesOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Reserves or accumulated losses of investments in subsidiaries joint ventures and associates</link:label>
    <link:label id="lab_bbva_ReservesOrAccumulatedLossesOfInvestmentsInSubsidiariesJointVenturesAndAssociates_documentation_en" xlink:label="lab_bbva_ReservesOrAccumulatedLossesOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Reserves or accumulated losses of investments in subsidiaries joint ventures and associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReservesOrAccumulatedLossesOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ReservesOrAccumulatedLossesOfInvestmentsInSubsidiariesJointVenturesAndAssociates"/>
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    <link:label id="lab_bbva_EquityInstrumentsIssuedOtherThanCapitalMember_label_en" xlink:label="lab_bbva_EquityInstrumentsIssuedOtherThanCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Equity instruments issued other than capital [Member]</link:label>
    <link:label id="lab_bbva_EquityInstrumentsIssuedOtherThanCapitalMember_documentation_en" xlink:label="lab_bbva_EquityInstrumentsIssuedOtherThanCapitalMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Equity instruments issued other than capital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_EquityInstrumentsIssuedOtherThanCapitalMember" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_EquityInstrumentsIssuedOtherThanCapitalMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_EquityInstrumentsIssuedOtherThanCapitalMember" xlink:to="lab_bbva_EquityInstrumentsIssuedOtherThanCapitalMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_Other_label_en" xlink:label="lab_bbva_Other" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other</link:label>
    <link:label id="lab_bbva_Other_documentation_en" xlink:label="lab_bbva_Other" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Other</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_Other" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_Other"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_Other" xlink:to="lab_bbva_Other" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_OtherLongTermEmployeeBenefits_label_en" xlink:label="lab_bbva_OtherLongTermEmployeeBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other long term employee benefits</link:label>
    <link:label id="lab_bbva_OtherLongTermEmployeeBenefits_documentation_en" xlink:label="lab_bbva_OtherLongTermEmployeeBenefits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Other long term employee benefits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherLongTermEmployeeBenefits" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_OtherLongTermEmployeeBenefits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_OtherLongTermEmployeeBenefits" xlink:to="lab_bbva_OtherLongTermEmployeeBenefits" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExpenseArisingFromInsuranceContracts_5c607433-8830-4ac2-9770-0b58b358124c_negatedTerseLabel_en" xlink:label="lab_ifrs-full_ExpenseArisingFromInsuranceContracts" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en">Expense arising from insurance contracts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseArisingFromInsuranceContracts" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ExpenseArisingFromInsuranceContracts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpenseArisingFromInsuranceContracts" xlink:to="lab_ifrs-full_ExpenseArisingFromInsuranceContracts" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherAssets_994c4e0c-e8cf-4057-a3b9-d6ddef54b867_totalLabel_en" xlink:label="lab_ifrs-full_OtherAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Other assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherAssets" xlink:to="lab_ifrs-full_OtherAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_OtherInterestIncome_label_en" xlink:label="lab_bbva_OtherInterestIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other interest income</link:label>
    <link:label id="lab_bbva_OtherInterestIncome_documentation_en" xlink:label="lab_bbva_OtherInterestIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Other interest income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherInterestIncome" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_OtherInterestIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_OtherInterestIncome" xlink:to="lab_bbva_OtherInterestIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatMayBeReclassifiedToProfitOrLoss_label_en" xlink:label="lab_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatMayBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Non current assets and disposal groups classified as held for sale that may be reclassified to profit or loss</link:label>
    <link:label id="lab_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatMayBeReclassifiedToProfitOrLoss_documentation_en" xlink:label="lab_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatMayBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Non current assets and disposal groups classified as held for sale that may be reclassified to profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatMayBeReclassifiedToProfitOrLoss" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatMayBeReclassifiedToProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatMayBeReclassifiedToProfitOrLoss" xlink:to="lab_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatMayBeReclassifiedToProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToHeldForTrading_label_en" xlink:label="lab_bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Reclassification of financial assets from fair value through other comprehensive income to held for trading</link:label>
    <link:label id="lab_bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToHeldForTrading_documentation_en" xlink:label="lab_bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Reclassification of financial assets from fair value through other comprehensive income to held for trading</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToHeldForTrading" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToHeldForTrading"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToHeldForTrading" xlink:to="lab_bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToHeldForTrading" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_label_en" xlink:label="lab_bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Reclassification of financial assets from amortized cost to non trading financial assets mandatorily at fair value through profit or loss</link:label>
    <link:label id="lab_bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_documentation_en" xlink:label="lab_bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Reclassification of financial assets from amortized cost to non trading financial assets mandatorily at fair value through profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss"/>
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    <link:label id="lab_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialTangibleAssets_165123f5-7cf5-4b40-a254-85a7a645b2cc_negatedLabel_en" xlink:label="lab_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialTangibleAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en">Impairment or reversal of impairment on non financial tangible assets</link:label>
    <link:label id="lab_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialTangibleAssets_label_en" xlink:label="lab_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialTangibleAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Impairment or reversal of impairment on non financial tangible assets</link:label>
    <link:label id="lab_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialTangibleAssets_documentation_en" xlink:label="lab_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialTangibleAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Impairment or reversal of impairment on non financial tangible assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialTangibleAssets" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialTangibleAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialTangibleAssets" xlink:to="lab_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialTangibleAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_FairValueChangesOfDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLoss_label_en" xlink:label="lab_bbva_FairValueChangesOfDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Fair value changes of debt instruments measured at fair value through other comprehensive income that may be reclassified to profit or loss</link:label>
    <link:label id="lab_bbva_FairValueChangesOfDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLoss_documentation_en" xlink:label="lab_bbva_FairValueChangesOfDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Fair value changes of debt instruments measured at fair value through other comprehensive income that may be reclassified to profit or loss</link:label>
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    <link:label id="lab_bbva_ForeignCurrencyTranslationThatMayBeReclassifiedToProfitOrLoss_label_en" xlink:label="lab_bbva_ForeignCurrencyTranslationThatMayBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Foreign currency translation that may be reclassified to profit or loss</link:label>
    <link:label id="lab_bbva_ForeignCurrencyTranslationThatMayBeReclassifiedToProfitOrLoss_documentation_en" xlink:label="lab_bbva_ForeignCurrencyTranslationThatMayBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Foreign currency translation that may be reclassified to profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ForeignCurrencyTranslationThatMayBeReclassifiedToProfitOrLoss" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ForeignCurrencyTranslationThatMayBeReclassifiedToProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_ForeignCurrencyTranslationThatMayBeReclassifiedToProfitOrLoss" xlink:to="lab_bbva_ForeignCurrencyTranslationThatMayBeReclassifiedToProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_LoansAndAdvancesToCentralBanksHeldForTrading_label_en" xlink:label="lab_bbva_LoansAndAdvancesToCentralBanksHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Loans and advances to central banks held for trading</link:label>
    <link:label id="lab_bbva_LoansAndAdvancesToCentralBanksHeldForTrading_documentation_en" xlink:label="lab_bbva_LoansAndAdvancesToCentralBanksHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Loans and advances to central banks held for trading</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCentralBanksHeldForTrading" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_LoansAndAdvancesToCentralBanksHeldForTrading"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_LoansAndAdvancesToCentralBanksHeldForTrading" xlink:to="lab_bbva_LoansAndAdvancesToCentralBanksHeldForTrading" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_OtherPaymentsRelatingToFinancingActivities_39309c0c-110b-49f3-95b8-27bc0c6a459a_negatedLabel_en" xlink:label="lab_bbva_OtherPaymentsRelatingToFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en">Other payments relating to financing activities</link:label>
    <link:label id="lab_bbva_OtherPaymentsRelatingToFinancingActivities_label_en" xlink:label="lab_bbva_OtherPaymentsRelatingToFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other payments relating to financing activities</link:label>
    <link:label id="lab_bbva_OtherPaymentsRelatingToFinancingActivities_documentation_en" xlink:label="lab_bbva_OtherPaymentsRelatingToFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Other payments relating to financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherPaymentsRelatingToFinancingActivities" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_OtherPaymentsRelatingToFinancingActivities"/>
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    <link:label id="lab_bbva_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_label_en" xlink:label="lab_bbva_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xlink:type="arc" order="1"/>
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    <link:label id="lab_bbva_OtherNonControllingInterestItems_label_en" xlink:label="lab_bbva_OtherNonControllingInterestItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other non controlling interest items</link:label>
    <link:label id="lab_bbva_OtherNonControllingInterestItems_documentation_en" xlink:label="lab_bbva_OtherNonControllingInterestItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Other non controlling interest items</link:label>
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    <link:label id="lab_bbva_ShortPositionsFinancialLiabiltiesHeldForTrading_documentation_en" xlink:label="lab_bbva_ShortPositionsFinancialLiabiltiesHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Short positions financial liabilties held for trading</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToHeldForTrading" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToHeldForTrading"/>
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    <link:label id="lab_bbva_LoansAndAdvancesToCustomersAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_label_en" xlink:label="lab_bbva_LoansAndAdvancesToCustomersAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Loans and advances to customers at fair value through profit or loss mandatorily measured at fair value</link:label>
    <link:label id="lab_bbva_LoansAndAdvancesToCustomersAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_documentation_en" xlink:label="lab_bbva_LoansAndAdvancesToCustomersAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Loans and advances to customers at fair value through profit or loss mandatorily measured at fair value</link:label>
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    <link:label id="lab_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_8e0682b0-2e6d-4fc0-b14d-3600370cb5e6_totalLabel_en" xlink:label="lab_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Items that will not be reclassified to profit or loss</link:label>
    <link:label id="lab_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_label_en" xlink:label="lab_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Items that will not be reclassified to profit or loss</link:label>
    <link:label id="lab_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_documentation_en" xlink:label="lab_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Items that will not be reclassified to profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss"/>
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    <link:label id="lab_bbva_ImpairmentOrReversalOfImpairmentOfInvestmentsInJointVenturesAndAssociates_label_en" xlink:label="lab_bbva_ImpairmentOrReversalOfImpairmentOfInvestmentsInJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Impairment or reversal of impairment of investments in joint ventures and associates</link:label>
    <link:label id="lab_bbva_ImpairmentOrReversalOfImpairmentOfInvestmentsInJointVenturesAndAssociates_documentation_en" xlink:label="lab_bbva_ImpairmentOrReversalOfImpairmentOfInvestmentsInJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Impairment or reversal of impairment of investments in joint ventures and associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentOfInvestmentsInJointVenturesAndAssociates" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ImpairmentOrReversalOfImpairmentOfInvestmentsInJointVenturesAndAssociates"/>
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    <link:label id="lab_ifrs-full_EmployeeBenefitsExpense_7027d39d-9633-4c63-adc3-c171b081b4c4_negatedTerseLabel_en" xlink:label="lab_ifrs-full_EmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en">Employee benefits expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EmployeeBenefitsExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EmployeeBenefitsExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EmployeeBenefitsExpense" xlink:to="lab_ifrs-full_EmployeeBenefitsExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCost_812a5cb3-56c2-4df5-8db1-a65f0bc6e4f3_totalLabel_en" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCost" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Financial liabilities at amortised cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCost" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdministrativeExpense_e2e9bf7c-a6fa-4ef8-94f4-3cbdf261ee0e_negatedTerseLabel_en" xlink:label="lab_ifrs-full_AdministrativeExpense" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en">Administrative expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdministrativeExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdministrativeExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdministrativeExpense" xlink:to="lab_ifrs-full_AdministrativeExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_CustomerDepositsHeldForTrading_label_en" xlink:label="lab_bbva_CustomerDepositsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Customer deposits held for trading</link:label>
    <link:label id="lab_bbva_CustomerDepositsHeldForTrading_documentation_en" xlink:label="lab_bbva_CustomerDepositsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Customer deposits held for trading</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CustomerDepositsHeldForTrading" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_CustomerDepositsHeldForTrading"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_CustomerDepositsHeldForTrading" xlink:to="lab_bbva_CustomerDepositsHeldForTrading" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_a98e8a69-94f0-41f5-9330-77c7a4d17d0b_totalLabel_en" xlink:label="lab_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Items that may be reclassified to profit or loss</link:label>
    <link:label id="lab_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_label_en" xlink:label="lab_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Items that may be reclassified to profit or loss</link:label>
    <link:label id="lab_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_documentation_en" xlink:label="lab_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Items that may be reclassified to profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ItemsThatMayBeReclassifiedToProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss" xlink:to="lab_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_e5bc44bb-67e5-4ff2-b525-7a9cd681fe6f_negatedLabel_en" xlink:label="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en">Income tax relating to components of other comprehensive income that will be reclassified to profit or loss</link:label>
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    <link:label id="lab_bbva_OtherItemsRelatingToFinancingActivities_label_en" xlink:label="lab_bbva_OtherItemsRelatingToFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Other items relating to financing activities</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherItemsRelatingToFinancingActivities" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_OtherItemsRelatingToFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_OtherItemsRelatingToFinancingActivities" xlink:to="lab_bbva_OtherItemsRelatingToFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_64630461-c076-4642-ba56-56146c22b79b_negatedLabel_en" xlink:label="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en">Income taxes paid (refund), classified as operating activities</link:label>
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    <link:label id="lab_bbva_MemorandumItemSubordinatedLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_label_en" xlink:label="lab_bbva_MemorandumItemSubordinatedLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Memorandum Item subordinated liabilities at fair value through profit or loss, designated upon initial recognition or subsequently</link:label>
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    <link:label id="lab_bbva_IssueOfCommonShares_label_en" xlink:label="lab_bbva_IssueOfCommonShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Issue of common shares</link:label>
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    <link:label id="lab_ifrs-full_InterestRevenueExpense_cf233488-7ca7-4240-8929-987ba5cf0369_totalLabel_en" xlink:label="lab_ifrs-full_InterestRevenueExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Interest income or expense</link:label>
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    <link:label id="lab_bbva_TaxLiabilities_documentation_en" xlink:label="lab_bbva_TaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Tax liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TaxLiabilities" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_TaxLiabilities"/>
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    <link:label id="lab_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_label_en" xlink:label="lab_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Net increase decrease in operating assets from operating activities</link:label>
    <link:label id="lab_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_documentation_en" xlink:label="lab_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Net increase decrease in operating assets from operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities"/>
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    <link:label id="lab_bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatWillNotBeReclassifiedToProfitOrLoss_documentation_en" xlink:label="lab_bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatWillNotBeReclassifiedToProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Share of other recognized income and expense of investments in joint ventures and associates that will not be reclassified to profit or loss</link:label>
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    <link:label id="lab_bbva_OfWhichHyperinflationEffectFromOperatingActivities_label_en" xlink:label="lab_bbva_OfWhichHyperinflationEffectFromOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Of Which Hyperinflation Effect From Operating Activities</link:label>
    <link:label id="lab_bbva_OfWhichHyperinflationEffectFromOperatingActivities_documentation_en" xlink:label="lab_bbva_OfWhichHyperinflationEffectFromOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Of Which Hyperinflation Effect From Operating Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OfWhichHyperinflationEffectFromOperatingActivities" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_OfWhichHyperinflationEffectFromOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_OfWhichHyperinflationEffectFromOperatingActivities" xlink:to="lab_bbva_OfWhichHyperinflationEffectFromOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_ReclassificationOfOtherGainsLossesToHeldForTrading_label_en" xlink:label="lab_bbva_ReclassificationOfOtherGainsLossesToHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Reclassification of other gains (losses) to held for trading</link:label>
    <link:label id="lab_bbva_ReclassificationOfOtherGainsLossesToHeldForTrading_documentation_en" xlink:label="lab_bbva_ReclassificationOfOtherGainsLossesToHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Reclassification of other gains (losses) to held for trading</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfOtherGainsLossesToHeldForTrading" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ReclassificationOfOtherGainsLossesToHeldForTrading"/>
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    <link:label id="lab_bbva_LoansAndAdvancesToCreditInstitutionsAtFairValueThroughOtherComprehensiveIncome_label_en" xlink:label="lab_bbva_LoansAndAdvancesToCreditInstitutionsAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Loans and advances to credit institutions at fair value through other comprehensive income</link:label>
    <link:label id="lab_bbva_LoansAndAdvancesToCreditInstitutionsAtFairValueThroughOtherComprehensiveIncome_documentation_en" xlink:label="lab_bbva_LoansAndAdvancesToCreditInstitutionsAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Loans and advances to credit institutions at fair value through other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCreditInstitutionsAtFairValueThroughOtherComprehensiveIncome" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_LoansAndAdvancesToCreditInstitutionsAtFairValueThroughOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_LoansAndAdvancesToCreditInstitutionsAtFairValueThroughOtherComprehensiveIncome" xlink:to="lab_bbva_LoansAndAdvancesToCreditInstitutionsAtFairValueThroughOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_NetIncreaseDecreaseInOtherFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_label_en" xlink:label="lab_bbva_NetIncreaseDecreaseInOtherFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Net increase decrease in other financial assets designated at fair value through profit or loss</link:label>
    <link:label id="lab_bbva_NetIncreaseDecreaseInOtherFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_documentation_en" xlink:label="lab_bbva_NetIncreaseDecreaseInOtherFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Net increase decrease in other financial assets designated at fair value through profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOtherFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_NetIncreaseDecreaseInOtherFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss"/>
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    <link:label id="lab_bbva_ValuationGainsLossesTakenToEquityNonCurrentAssetsHeldForSale_b7d81395-91b3-48f1-bc9c-e479253797da_negatedLabel_en" xlink:label="lab_bbva_ValuationGainsLossesTakenToEquityNonCurrentAssetsHeldForSale" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en">Valuation gains losses taken to equity non current assets held for sale</link:label>
    <link:label id="lab_bbva_ValuationGainsLossesTakenToEquityNonCurrentAssetsHeldForSale_label_en" xlink:label="lab_bbva_ValuationGainsLossesTakenToEquityNonCurrentAssetsHeldForSale" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Valuation gains losses taken to equity non current assets held for sale</link:label>
    <link:label id="lab_bbva_ValuationGainsLossesTakenToEquityNonCurrentAssetsHeldForSale_documentation_en" xlink:label="lab_bbva_ValuationGainsLossesTakenToEquityNonCurrentAssetsHeldForSale" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Valuation gains losses taken to equity non current assets held for sale</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ValuationGainsLossesTakenToEquityNonCurrentAssetsHeldForSale" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ValuationGainsLossesTakenToEquityNonCurrentAssetsHeldForSale"/>
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    <link:label id="lab_bbva_ProvisionsOrReversalOfProvisions_f3b273ae-9afc-4e8a-b0e5-a0af5c20073c_negatedLabel_en" xlink:label="lab_bbva_ProvisionsOrReversalOfProvisions" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en">Provisions or reversal of provisions</link:label>
    <link:label id="lab_bbva_ProvisionsOrReversalOfProvisions_label_en" xlink:label="lab_bbva_ProvisionsOrReversalOfProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Provisions or reversal of provisions</link:label>
    <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" xml:lang="en">Provisions or reversal of provisions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ProvisionsOrReversalOfProvisions" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ProvisionsOrReversalOfProvisions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_ProvisionsOrReversalOfProvisions" xlink:to="lab_bbva_ProvisionsOrReversalOfProvisions" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterest_label_en" xlink:label="lab_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Accumulated other comprehensive income non controlling interest</link:label>
    <link:label id="lab_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterest_documentation_en" xlink:label="lab_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Accumulated other comprehensive income non controlling interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterest" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterest" xlink:to="lab_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_CollectionsTreasurySharesDisposal_label_en" xlink:label="lab_bbva_CollectionsTreasurySharesDisposal" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Collections Treasury shares disposal</link:label>
    <link:label id="lab_bbva_CollectionsTreasurySharesDisposal_documentation_en" xlink:label="lab_bbva_CollectionsTreasurySharesDisposal" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Collections Treasury shares disposal</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CollectionsTreasurySharesDisposal" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_CollectionsTreasurySharesDisposal"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_CollectionsTreasurySharesDisposal" xlink:to="lab_bbva_CollectionsTreasurySharesDisposal" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_CollectionsFromFinancingActivities_c3f04ae7-ad10-4f10-a56d-ed7b8a5fb933_totalLabel_en" xlink:label="lab_bbva_CollectionsFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Collections from financing activities</link:label>
    <link:label id="lab_bbva_CollectionsFromFinancingActivities_label_en" xlink:label="lab_bbva_CollectionsFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Collections from financing activities</link:label>
    <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" xml:lang="en">Collections from financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CollectionsFromFinancingActivities" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.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_dca7d77b-6bd8-428e-9b22-f0c782ac53b0_negatedTotalLabel_en" xlink:label="lab_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" 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" 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" 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:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
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    <link:label id="lab_ifrs-full_RevenueFromInterest_27ce5aac-3051-4aa6-b860-7558ef5e5b22_totalLabel_en" xlink:label="lab_ifrs-full_RevenueFromInterest" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Interest income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromInterest" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RevenueFromInterest"/>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_eb519532-edec-4c8e-93e2-035f5b99d5d7_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Cash flows from (used in) financing activities, continuing operations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_DebtSecuritiesHeldForTrading_label_en" xlink:label="lab_bbva_DebtSecuritiesHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Debt securities held for trading</link:label>
    <link:label id="lab_bbva_DebtSecuritiesHeldForTrading_documentation_en" xlink:label="lab_bbva_DebtSecuritiesHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Debt securities held for trading</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtSecuritiesHeldForTrading" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_DebtSecuritiesHeldForTrading"/>
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    <link:label id="lab_bbva_LoansAndAdvancesToCreditInstitutionsHeldForTrading_label_en" xlink:label="lab_bbva_LoansAndAdvancesToCreditInstitutionsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Loans and advances to credit institutions held for trading</link:label>
    <link:label id="lab_bbva_LoansAndAdvancesToCreditInstitutionsHeldForTrading_documentation_en" xlink:label="lab_bbva_LoansAndAdvancesToCreditInstitutionsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Loans and advances to credit institutions held for trading</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCreditInstitutionsHeldForTrading" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_LoansAndAdvancesToCreditInstitutionsHeldForTrading"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_LoansAndAdvancesToCreditInstitutionsHeldForTrading" xlink:to="lab_bbva_LoansAndAdvancesToCreditInstitutionsHeldForTrading" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_DepositsFromCreditInstitutionsHeldForTrading_label_en" xlink:label="lab_bbva_DepositsFromCreditInstitutionsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Deposits from credit institutions held for trading</link:label>
    <link:label id="lab_bbva_DepositsFromCreditInstitutionsHeldForTrading_documentation_en" xlink:label="lab_bbva_DepositsFromCreditInstitutionsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Deposits from credit institutions held for trading</link:label>
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    <link:label id="lab_bbva_OtherCollectionsRelatedToInvestingActivities_documentation_en" xlink:label="lab_bbva_OtherCollectionsRelatedToInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Other collections related to investing activities</link:label>
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    <link:label id="lab_bbva_TreasuryStockAcquisitionsFromFinancingActivities_documentation_en" xlink:label="lab_bbva_TreasuryStockAcquisitionsFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Treasury stock acquisitions from financing activities</link:label>
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    <link:label id="lab_bbva_MemorandumOtherCommitmentsGiven_documentation_en" xlink:label="lab_bbva_MemorandumOtherCommitmentsGiven" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Memorandum other commitments given</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_MemorandumOtherCommitmentsGiven" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_MemorandumOtherCommitmentsGiven"/>
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    <link:label id="lab_bbva_GainsLossesOnDerecognitionOfFinancialAssetsAtAmortizedCost_documentation_en" xlink:label="lab_bbva_GainsLossesOnDerecognitionOfFinancialAssetsAtAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Gains Losses On Derecognition Of Financial Assets At Amortized Cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsLossesOnDerecognitionOfFinancialAssetsAtAmortizedCost" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_GainsLossesOnDerecognitionOfFinancialAssetsAtAmortizedCost"/>
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    <link:label id="lab_bbva_ShareholdersEquity_b145be9e-9b34-4555-9f47-6a48999b4b2a_totalLabel_en" xlink:label="lab_bbva_ShareholdersEquity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Shareholders Equity</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShareholdersEquity" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_ShareholdersEquity"/>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossOnFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ImpairmentLossOnFinancialAssets"/>
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    <link:label id="lab_bbva_MemorandumLoanCommitmentsGiven_label_en" xlink:label="lab_bbva_MemorandumLoanCommitmentsGiven" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Memorandum loan commitments given</link:label>
    <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" xml:lang="en">Memorandum loan commitments given</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_MemorandumLoanCommitmentsGiven" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_MemorandumLoanCommitmentsGiven"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bbva_MemorandumLoanCommitmentsGiven" xlink:to="lab_bbva_MemorandumLoanCommitmentsGiven" xlink:type="arc" order="1"/>
    <link:label id="lab_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet_3567882c-a945-428c-b8cb-ccae416520ea_totalLabel_en" xlink:label="lab_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" 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" 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" xml:lang="en">Gains or losses on financial assets and liabilities held for trading net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet"/>
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    <link:label id="lab_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_c6b42a2b-26a9-4534-95fc-a792bfc48872_negatedTotalLabel_en" xlink:label="lab_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en">Impairment or reversal of impairment on non financial assets</link:label>
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    <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" xml:lang="en">Impairment or reversal of impairment on non financial assets</link:label>
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    <link:label id="lab_bbva_DepositsFromCentralBanksAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_label_en" xlink:label="lab_bbva_DepositsFromCentralBanksAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Deposits from central banks at fair value through profit or loss, designated upon initial recognition or subsequently</link:label>
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    <link:label id="lab_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet_c5abf54c-296e-4bdf-b164-b02fedc666a4_totalLabel_en" xlink:label="lab_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Gains or lossess on derecognition of financial assets and liabilities not measured at fair value through profit or loss net</link:label>
    <link:label id="lab_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet_label_en" xlink:label="lab_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Gains or losses on derecognition of financial assets and liabilities not measured at fair value through profit or loss net</link:label>
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    <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" xml:lang="en">Memorandum financial guarantees given</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_MemorandumFinancialGuaranteesGiven" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2024-12-31.xsd#bbva_MemorandumFinancialGuaranteesGiven"/>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InterestExpense"/>
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    <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" xml:lang="en">Changes in equity other than total income or expense recognized</link:label>
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    <link:label id="lab_ifrs-full_InflowsOfCashFromInvestingActivities_3dfbd461-6028-4a24-a720-e91212ad568f_totalLabel_en" xlink:label="lab_ifrs-full_InflowsOfCashFromInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Inflows of cash from investing activities</link:label>
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