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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ChangesInGoodwill_verboseLabel_labelen" xml:lang="en">Changes in goodwill</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="CashFlowsFromUsedInInvestingActivities_verboseLabel_labelen" xml:lang="en">Net increase (decrease) in cash and cash equivalents related to investing activities</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="CashFlowsFromUsedInFinancingActivities_verboseLabel_labelen" xml:lang="en">Net increase (decrease) in cash and cash equivalents related to financing activities</link:label>
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    <link:loc xlink:type="locator" xlink:label="CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_verboseLabel_labelen" xml:lang="en">Balance of cash and cash equivalent accounts at the start of the period</link:label>
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    <link:loc xlink:type="locator" xlink:label="ComprehensiveIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ComprehensiveIncome_verboseLabel_labelen" xml:lang="en">Total Comprehensive income</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ComprehensiveIncomeAttributableToOwnersOfParent_verboseLabel_labelen" xml:lang="en">Comprehensive income attributable to minority interests</link:label>
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    <link:loc xlink:type="locator" xlink:label="DilutedEarningsLossPerShare" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DilutedEarningsLossPerShare" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="DilutedEarningsLossPerShare_verboseLabel_labelen" xml:lang="en">Diluted earnings per share</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="DividendsRecognisedAsDistributionsToOwnersOfParent_verboseLabel_labelen" xml:lang="en">Remuneration on preferred shares and undated super subordinated notes</link:label>
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    <link:loc xlink:type="locator" xlink:label="EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" />
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    <link:loc xlink:type="locator" xlink:label="Equity" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Equity" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="Equity_verboseLabel_labelen" xml:lang="en">Total Equity</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="Equity_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="EmployeeBenefitsExpense" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EmployeeBenefitsExpense" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="EmployeeBenefitsExpense_verboseLabel_labelen" xml:lang="en">Salary and employee benefit expense</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsExpense" xlink:to="EmployeeBenefitsExpense_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="EquityAttributableToOwnersOfParent" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="EquityAttributableToOwnersOfParent_verboseLabel_labelen" xml:lang="en">Shareholders’ equity</link:label>
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    <link:loc xlink:type="locator" xlink:label="EquityAttributableToOwnersOfParentMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember" />
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParentMember" xlink:to="EquityAttributableToOwnersOfParentMember_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="EquityAndLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="EquityAndLiabilities_verboseLabel_labelen" xml:lang="en">Total Liabilities and equity</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAndLiabilities" xlink:to="EquityAndLiabilities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="EquityMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="EquityMember_verboseLabel_labelen" xml:lang="en">Total equity (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMember" xlink:to="EquityMember_verboseLabel_labelen" xlink:type="arc" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="FeeAndCommissionExpense_verboseLabel_labelen" xml:lang="en">Commission expense</link:label>
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    <link:loc xlink:type="locator" xlink:label="FeeAndCommissionIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FeeAndCommissionIncome" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="FeeAndCommissionIncome_verboseLabel_labelen" xml:lang="en">Commission income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FeeAndCommissionIncome" xlink:to="FeeAndCommissionIncome_verboseLabel_labelen" xlink:type="arc" />
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    <link:loc xlink:type="locator" xlink:label="Goodwill" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Goodwill" />
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    <link:loc xlink:type="locator" xlink:label="IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_verboseLabel_labelen" xml:lang="en">Items that are or may be reclassified to profit or loss, Income tax</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:to="IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IncomeTaxesPaidRefundClassifiedAsOperatingActivities_verboseLabel_labelen" xml:lang="en">Taxes paid</link:label>
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    <link:loc xlink:type="locator" xlink:label="IncreaseDecreaseInCashAndCashEquivalents" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IncreaseDecreaseInCashAndCashEquivalents_verboseLabel_labelen" xml:lang="en">Net increase (decrease) in cash and cash equivalents</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalents" xlink:to="IncreaseDecreaseInCashAndCashEquivalents_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncreaseDecreaseInCashAndCashEquivalentsDiscontinuedOperations" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IncreaseDecreaseInCashAndCashEquivalentsDiscontinuedOperations_verboseLabel_labelen" xml:lang="en">Net increase (decrease) in cash and cash equivalents from discontinued activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInCashAndCashEquivalentsDiscontinuedOperations" xlink:to="IncreaseDecreaseInCashAndCashEquivalentsDiscontinuedOperations_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" />
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:to="IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IncreaseDecreaseThroughSharebasedPaymentTransactions_verboseLabel_labelen" xml:lang="en">Movements through share-based payments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:to="IncreaseDecreaseThroughSharebasedPaymentTransactions_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IncreaseDecreaseThroughTransfersAndOtherChangesEquity_verboseLabel_labelen" xml:lang="en">Other movements</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:to="IncreaseDecreaseThroughTransfersAndOtherChangesEquity_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncreaseDecreaseThroughTreasuryShareTransactions" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTreasuryShareTransactions" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IncreaseDecreaseThroughTreasuryShareTransactions_verboseLabel_labelen" xml:lang="en">Movements in own equity instruments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTreasuryShareTransactions" xlink:to="IncreaseDecreaseThroughTreasuryShareTransactions_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IncreaseDecreaseThroughAppropriationOfRetainedEarnings" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughAppropriationOfRetainedEarnings" />
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughAppropriationOfRetainedEarnings" xlink:to="IncreaseDecreaseThroughAppropriationOfRetainedEarnings_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IntangibleAssetsOtherThanGoodwill" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IntangibleAssetsOtherThanGoodwill_verboseLabel_labelen" xml:lang="en">Intangible assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsOtherThanGoodwill" xlink:to="IntangibleAssetsOtherThanGoodwill_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="InterestExpense" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestExpense" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="InterestExpense_verboseLabel_labelen" xml:lang="en">Interest expense</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpense" xlink:to="InterestExpense_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="InvestmentAccountedForUsingEquityMethod" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="InvestmentAccountedForUsingEquityMethod_verboseLabel_labelen" xml:lang="en">Equity-method investments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentAccountedForUsingEquityMethod" xlink:to="InvestmentAccountedForUsingEquityMethod_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="Liabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Liabilities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="Liabilities_verboseLabel_labelen" xml:lang="en">Total Liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Liabilities" xlink:to="Liabilities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="LiabilitiesArisingFromInsuranceContracts" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiabilitiesArisingFromInsuranceContracts" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="LiabilitiesArisingFromInsuranceContracts_verboseLabel_labelen" xml:lang="en">Technical reserves and other insurance liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesArisingFromInsuranceContracts" xlink:to="LiabilitiesArisingFromInsuranceContracts_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="LiabilitiesDueToCentralBanks" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiabilitiesDueToCentralBanks" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="LiabilitiesDueToCentralBanks_verboseLabel_labelen" xml:lang="en">Deposits from central banks</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesDueToCentralBanks" xlink:to="LiabilitiesDueToCentralBanks_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_verboseLabel_labelen" xml:lang="en">Liabilities associated with assets held for sale</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:to="LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="MiscellaneousOtherOperatingIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MiscellaneousOtherOperatingIncome" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="MiscellaneousOtherOperatingIncome_verboseLabel_labelen" xml:lang="en">Income from other activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousOtherOperatingIncome" xlink:to="MiscellaneousOtherOperatingIncome_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="MiscellaneousOtherOperatingExpense" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MiscellaneousOtherOperatingExpense" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="MiscellaneousOtherOperatingExpense_verboseLabel_labelen" xml:lang="en">Expense on other activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousOtherOperatingExpense" xlink:to="MiscellaneousOtherOperatingExpense_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="IssueOfEquity" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssueOfEquity" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="IssueOfEquity_verboseLabel_labelen" xml:lang="en">Increases in capital and issues</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssueOfEquity" xlink:to="IssueOfEquity_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="NoncontrollingInterestsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterestsMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="NoncontrollingInterestsMember_verboseLabel_labelen" xml:lang="en">Minority interests (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestsMember" xlink:to="NoncontrollingInterestsMember_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="NoncontrollingInterests" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="NoncontrollingInterests_verboseLabel_labelen" xml:lang="en">Minority interests</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterests" xlink:to="NoncontrollingInterests_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_verboseLabel_labelen" xml:lang="en">Assets held for sale</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:to="NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" />
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    <link:loc xlink:type="locator" xlink:label="OtherComprehensiveIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherComprehensiveIncome_verboseLabel_labelen" xml:lang="en">Changes in assets and liabilities recognised directly in equity</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncome" xlink:to="OtherComprehensiveIncome_verboseLabel_labelen" xlink:type="arc" />
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    <link:loc xlink:type="locator" xlink:label="OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" />
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    <link:loc xlink:type="locator" xlink:label="OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation" />
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    <link:loc xlink:type="locator" xlink:label="OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherAdjustmentsToReconcileProfitLoss_verboseLabel_labelen" xml:lang="en">Adjustments for pther movements</link:label>
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    <link:loc xlink:type="locator" xlink:label="OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_verboseLabel_labelen" xml:lang="en">Items that are or may be reclassified to profit or loss</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:to="OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ProfitLossAttributableToNoncontrollingInterests" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ProfitLossAttributableToNoncontrollingInterests_verboseLabel_labelen" xml:lang="en">Net income attributable to minority interests</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToNoncontrollingInterests" xlink:to="ProfitLossAttributableToNoncontrollingInterests_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ProfitLossAttributableToOwnersOfParent" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ProfitLossAttributableToOwnersOfParent_verboseLabel_labelen" xml:lang="en">Net income attributable to equity holders</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToOwnersOfParent" xlink:to="ProfitLossAttributableToOwnersOfParent_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ProfitLoss" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLoss" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ProfitLoss_verboseLabel_labelen" xml:lang="en">Net income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:to="ProfitLoss_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ProfitLossFromDiscontinuedOperations" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ProfitLossFromDiscontinuedOperations_verboseLabel_labelen" xml:lang="en">Net income from discontinued activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromDiscontinuedOperations" xlink:to="ProfitLossFromDiscontinuedOperations_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ProfitLossFromContinuingOperations" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromContinuingOperations" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ProfitLossFromContinuingOperations_verboseLabel_labelen" xml:lang="en">Net income from continuing activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromContinuingOperations" xlink:to="ProfitLossFromContinuingOperations_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ProfitLossFromOperatingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromOperatingActivities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ProfitLossFromOperatingActivities_verboseLabel_labelen" xml:lang="en">Operating income from continuing activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromOperatingActivities" xlink:to="ProfitLossFromOperatingActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ProfitLossBeforeTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossBeforeTax" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ProfitLossBeforeTax_verboseLabel_labelen" xml:lang="en">Pre-tax income from continuing activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossBeforeTax" xlink:to="ProfitLossBeforeTax_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="Provisions" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Provisions" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="Provisions_verboseLabel_labelen" xml:lang="en">Provisions for contingencies and charges</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Provisions" xlink:to="Provisions_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_verboseLabel_labelen" xml:lang="en">Changes in fair value of hedging instruments, Changes in fair value reported in net income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xlink:to="ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember_verboseLabel_labelen" xml:lang="en">Financial assets designated as at fair value through equity (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember" xlink:to="ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ReductionOfIssuedCapital" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReductionOfIssuedCapital" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ReductionOfIssuedCapital_verboseLabel_labelen" xml:lang="en">Reduction or redemption of capital</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReductionOfIssuedCapital" xlink:to="ReductionOfIssuedCapital_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityMember_verboseLabel_labelen" xml:lang="en">Own-credit valuation adjustment of debt securities designated as at fair value through profit or loss (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityMember" xlink:to="ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityMember_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ReserveOfRemeasurementsOfDefinedBenefitPlansMember_verboseLabel_labelen" xml:lang="en">Remeasurement gains (losses) related to post-employment benefits plans (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xlink:to="ReserveOfRemeasurementsOfDefinedBenefitPlansMember_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ReserveOfCashFlowHedgesMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfCashFlowHedgesMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ReserveOfCashFlowHedgesMember_verboseLabel_labelen" xml:lang="en">Derivatives used for hedging purposes (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfCashFlowHedgesMember" xlink:to="ReserveOfCashFlowHedgesMember_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ReserveOfExchangeDifferencesOnTranslationMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ReserveOfExchangeDifferencesOnTranslationMember_verboseLabel_labelen" xml:lang="en">Exchange differences (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="ReserveOfExchangeDifferencesOnTranslationMember_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="RetainedEarningsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RetainedEarningsMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="RetainedEarningsMember_verboseLabel_labelen" xml:lang="en">Non-distributed reserves (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsMember" xlink:to="RetainedEarningsMember_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax_verboseLabel_labelen" xml:lang="en">Items that are or may be reclassified to profit or loss, Changes in equity-method investments, after tax</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:to="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="RevenueFromInterest" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueFromInterest" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="RevenueFromInterest_verboseLabel_labelen" xml:lang="en">Interest income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromInterest" xlink:to="RevenueFromInterest_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="SubordinatedLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SubordinatedLiabilities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SubordinatedLiabilities_verboseLabel_labelen" xml:lang="en">Financial liabilities at amortised cost, Subordinated debt</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SubordinatedLiabilities" xlink:to="SubordinatedLiabilities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax_verboseLabel_labelen" xml:lang="en">Items that will not be reclassified to profit or loss, Changes in equity-method investments, after tax</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_verboseLabel_labelen" xml:lang="en">Share of earnings of equity-method entities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="AdjustmentsForNetAdditionToProvisions" xlink:href="bnpp-2021-12-31.xsd#bnpp_AdjustmentsForNetAdditionToProvisions" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="AdjustmentsForNetAdditionToProvisions_label_labelen" xml:lang="en">Adjustments For Net Addition To Provisions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForNetAdditionToProvisions" xlink:to="AdjustmentsForNetAdditionToProvisions_label_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="AdjustmentsForNetAdditionToProvisions_verboseLabel_labelen" xml:lang="en">Adjustments for net addition to provisions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForNetAdditionToProvisions" xlink:to="AdjustmentsForNetAdditionToProvisions_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="DeductionOfReceivablesAndAccruedInterestOnCashAndCashEquivalents" xlink:href="bnpp-2021-12-31.xsd#bnpp_DeductionOfReceivablesAndAccruedInterestOnCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="DeductionOfReceivablesAndAccruedInterestOnCashAndCashEquivalents_verboseLabel_labelen" xml:lang="en">Deduction of receivables and accrued interest on cash and cash equivalents</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeductionOfReceivablesAndAccruedInterestOnCashAndCashEquivalents" xlink:to="DeductionOfReceivablesAndAccruedInterestOnCashAndCashEquivalents_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ChangesInFairValueOfFinancialAssetsAtFairValueThroughEquityChangesInFairValueReportedInNetIncomeNoninsuranceActivities" xlink:href="bnpp-2021-12-31.xsd#bnpp_ChangesInFairValueOfFinancialAssetsAtFairValueThroughEquityChangesInFairValueReportedInNetIncomeNoninsuranceActivities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ChangesInFairValueOfFinancialAssetsAtFairValueThroughEquityChangesInFairValueReportedInNetIncomeNoninsuranceActivities_label_labelen" xml:lang="en">Changes In Fair Value Of Financial Assets At Fair Value Through Equity Changes In Fair Value Reported In Net Income Noninsurance Activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInFairValueOfFinancialAssetsAtFairValueThroughEquityChangesInFairValueReportedInNetIncomeNoninsuranceActivities" xlink:to="ChangesInFairValueOfFinancialAssetsAtFairValueThroughEquityChangesInFairValueReportedInNetIncomeNoninsuranceActivities_label_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ChangesInFairValueOfFinancialAssetsAtFairValueThroughEquityChangesInFairValueReportedInNetIncomeNoninsuranceActivities_verboseLabel_labelen" xml:lang="en">Changes in fair value of financial assets at fair value through equity, Changes in fair value reported in net income (non-insurance activities)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInFairValueOfFinancialAssetsAtFairValueThroughEquityChangesInFairValueReportedInNetIncomeNoninsuranceActivities" xlink:to="ChangesInFairValueOfFinancialAssetsAtFairValueThroughEquityChangesInFairValueReportedInNetIncomeNoninsuranceActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="DerivativesLiabilitiesUsedForHedgingPurposesNoninsuranceActivities" xlink:href="bnpp-2021-12-31.xsd#bnpp_DerivativesLiabilitiesUsedForHedgingPurposesNoninsuranceActivities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="DerivativesLiabilitiesUsedForHedgingPurposesNoninsuranceActivities_verboseLabel_labelen" xml:lang="en">Derivatives liabilities used for hedging purposes (non-insurance activities)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativesLiabilitiesUsedForHedgingPurposesNoninsuranceActivities" xlink:to="DerivativesLiabilitiesUsedForHedgingPurposesNoninsuranceActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="DerivativesLiabilitiesUsedForHedgingPurposesNoninsuranceActivities_label_labelen" xml:lang="en">Derivatives Liabilities Used For Hedging Purposes Noninsurance Activities</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedExpensesAndOtherLiabilities" xlink:to="AccruedExpensesAndOtherLiabilities_verboseLabel_labelen" xlink:type="arc" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="FinancialLiabilitiesAtFairValueThroughProfitOrLossDerivativeFinancialInstrumentsNoninsuranceActivities_label_labelen" xml:lang="en">Financial Liabilities At Fair Value Through Profit Or Loss Derivative Financial Instruments Noninsurance Activities</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccruedIncomeAndOtherAssets" xlink:to="AccruedIncomeAndOtherAssets_label_labelen" xlink:type="arc" />
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInAssetsAndLiabilitiesRecognisedDirectlyInEquityThatMayBeReclassifiedToProfitOrLossMember" xlink:to="ChangesInAssetsAndLiabilitiesRecognisedDirectlyInEquityThatMayBeReclassifiedToProfitOrLossMember_verboseLabel_labelen" xlink:type="arc" />
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInAssetsAndLiabilitiesRecognisedDirectlyInEquityThatMayBeReclassifiedToProfitOrLossMember" xlink:to="ChangesInAssetsAndLiabilitiesRecognisedDirectlyInEquityThatMayBeReclassifiedToProfitOrLossMember_label_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="FinancialLiabilitiesAtFairValueThroughProfitOrLossDepositsAndRepurchaseAgreementsNoninsuranceActivities" xlink:href="bnpp-2021-12-31.xsd#bnpp_FinancialLiabilitiesAtFairValueThroughProfitOrLossDepositsAndRepurchaseAgreementsNoninsuranceActivities" />
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInAssetsAndLiabilitiesRecognisedDirectlyInEquityThatWillNotBeReclassifiedToProfitOrLossMember" xlink:to="ChangesInAssetsAndLiabilitiesRecognisedDirectlyInEquityThatWillNotBeReclassifiedToProfitOrLossMember_verboseLabel_labelen" xlink:type="arc" />
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesAtAmortisedCostDepositsFromCustomersNoninsuranceActivities" xlink:to="FinancialLiabilitiesAtAmortisedCostDepositsFromCustomersNoninsuranceActivities_verboseLabel_labelen" xlink:type="arc" />
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesAtAmortisedCostDepositsFromCustomersNoninsuranceActivities" xlink:to="FinancialLiabilitiesAtAmortisedCostDepositsFromCustomersNoninsuranceActivities_label_labelen" xlink:type="arc" />
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncreaseDecreaseRelatedToAssetsAndLiabilitiesGeneratedByOperatingActivities" xlink:to="NetIncreaseDecreaseRelatedToAssetsAndLiabilitiesGeneratedByOperatingActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="NetIncreaseDecreaseRelatedToAssetsAndLiabilitiesGeneratedByOperatingActivities_label_labelen" xml:lang="en">Net Increase Decrease Related To Assets And Liabilities Generated By Operating Activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncreaseDecreaseRelatedToAssetsAndLiabilitiesGeneratedByOperatingActivities" xlink:to="NetIncreaseDecreaseRelatedToAssetsAndLiabilitiesGeneratedByOperatingActivities_label_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CashAndCashEquivalentAccountsClassifiedAsAssetsHeldForSale" xlink:href="bnpp-2021-12-31.xsd#bnpp_CashAndCashEquivalentAccountsClassifiedAsAssetsHeldForSale" />
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentAccountsClassifiedAsAssetsHeldForSale" xlink:to="CashAndCashEquivalentAccountsClassifiedAsAssetsHeldForSale_label_labelen" xlink:type="arc" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="FinancialLiabilitiesAtFairValueThroughProfitOrLossSecuritiesNoninsuranceActivities_verboseLabel_labelen" xml:lang="en">Financial liabilities at fair value through profit or loss, Securities (non-insurance activities)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesAtFairValueThroughProfitOrLossSecuritiesNoninsuranceActivities" xlink:to="FinancialLiabilitiesAtFairValueThroughProfitOrLossSecuritiesNoninsuranceActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="FinancialLiabilitiesAtFairValueThroughProfitOrLossSecuritiesNoninsuranceActivities_label_labelen" xml:lang="en">Financial Liabilities At Fair Value Through Profit Or Loss Securities Noninsurance Activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesAtFairValueThroughProfitOrLossSecuritiesNoninsuranceActivities" xlink:to="FinancialLiabilitiesAtFairValueThroughProfitOrLossSecuritiesNoninsuranceActivities_label_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="NetIncreaseDecreaseRelatedToTransactionsInvolvingOtherFinancialAssetsAndLiabilities" xlink:href="bnpp-2021-12-31.xsd#bnpp_NetIncreaseDecreaseRelatedToTransactionsInvolvingOtherFinancialAssetsAndLiabilities" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="NetIncreaseDecreaseRelatedToTransactionsInvolvingOtherFinancialAssetsAndLiabilities_verboseLabel_labelen" xml:lang="en">Net increase (decrease) related to transactions involving other financial assets and liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncreaseDecreaseRelatedToTransactionsInvolvingOtherFinancialAssetsAndLiabilities" xlink:to="NetIncreaseDecreaseRelatedToTransactionsInvolvingOtherFinancialAssetsAndLiabilities_verboseLabel_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="NetIncreaseDecreaseRelatedToTransactionsInvolvingOtherFinancialAssetsAndLiabilities_label_labelen" xml:lang="en">Net Increase Decrease Related To Transactions Involving Other Financial Assets And Liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncreaseDecreaseRelatedToTransactionsInvolvingOtherFinancialAssetsAndLiabilities" xlink:to="NetIncreaseDecreaseRelatedToTransactionsInvolvingOtherFinancialAssetsAndLiabilities_label_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="CurrentAndDeferredTaxAssets" xlink:href="bnpp-2021-12-31.xsd#bnpp_CurrentAndDeferredTaxAssets" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="CurrentAndDeferredTaxAssets_label_labelen" xml:lang="en">Current And Deferred Tax Assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAndDeferredTaxAssets" xlink:to="CurrentAndDeferredTaxAssets_label_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="CurrentAndDeferredTaxAssets_verboseLabel_labelen" xml:lang="en">Current and deferred tax assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAndDeferredTaxAssets" xlink:to="CurrentAndDeferredTaxAssets_verboseLabel_labelen" xlink:type="arc" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="FinancialAssetsAtFairValueThroughProfitOrLossSecuritiesNoninsuranceActivities_verboseLabel_labelen" xml:lang="en">Financial assets at fair value through profit or loss, Securities (non-insurance activities)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsAtFairValueThroughProfitOrLossSecuritiesNoninsuranceActivities" xlink:to="FinancialAssetsAtFairValueThroughProfitOrLossSecuritiesNoninsuranceActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="FinancialAssetsAtFairValueThroughProfitOrLossSecuritiesNoninsuranceActivities_label_labelen" xml:lang="en">Financial Assets At Fair Value Through Profit Or Loss Securities Noninsurance Activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsAtFairValueThroughProfitOrLossSecuritiesNoninsuranceActivities" xlink:to="FinancialAssetsAtFairValueThroughProfitOrLossSecuritiesNoninsuranceActivities_label_labelen" xlink:type="arc" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="RealisedGainsOrLossesReclassifiedToRetainedEarnings_verboseLabel_labelen" xml:lang="en">Realised gains or losses reclassified to retained earnings</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealisedGainsOrLossesReclassifiedToRetainedEarnings" xlink:to="RealisedGainsOrLossesReclassifiedToRetainedEarnings_verboseLabel_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="RealisedGainsOrLossesReclassifiedToRetainedEarnings_label_labelen" xml:lang="en">Realised Gains Or Losses Reclassified To Retained Earnings</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RealisedGainsOrLossesReclassifiedToRetainedEarnings" xlink:to="RealisedGainsOrLossesReclassifiedToRetainedEarnings_label_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="RemeasurementAdjustmentOnInterestrateRiskHedgedPortfoliosAssets" xlink:href="bnpp-2021-12-31.xsd#bnpp_RemeasurementAdjustmentOnInterestrateRiskHedgedPortfoliosAssets" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="CapitalAndRetainedEarningsMember_verboseLabel_labelen" xml:lang="en">Capital and retained earnings (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalAndRetainedEarningsMember" xlink:to="CapitalAndRetainedEarningsMember_verboseLabel_labelen" xlink:type="arc" />
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalAndRetainedEarningsMember" xlink:to="CapitalAndRetainedEarningsMember_label_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="ChangesInFairValueOfFinancialAssetsAtFairValueThroughEquityChangesInFairValueRecognisedInEquityNoninsuranceActivities" xlink:href="bnpp-2021-12-31.xsd#bnpp_ChangesInFairValueOfFinancialAssetsAtFairValueThroughEquityChangesInFairValueRecognisedInEquityNoninsuranceActivities" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ChangesInFairValueOfFinancialAssetsAtFairValueThroughEquityChangesInFairValueRecognisedInEquityNoninsuranceActivities_label_labelen" xml:lang="en">Changes In Fair Value Of Financial Assets At Fair Value Through Equity Changes In Fair Value Recognised In Equity Noninsurance Activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChangesInFairValueOfFinancialAssetsAtFairValueThroughEquityChangesInFairValueRecognisedInEquityNoninsuranceActivities" xlink:to="ChangesInFairValueOfFinancialAssetsAtFairValueThroughEquityChangesInFairValueRecognisedInEquityNoninsuranceActivities_label_labelen" xlink:type="arc" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="FinancialLiabilitiesAtAmortisedCostDepositsFromCreditInstitutionsNoninsuranceActivities_label_labelen" xml:lang="en">Financial Liabilities At Amortised Cost Deposits From Credit Institutions Noninsurance Activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesAtAmortisedCostDepositsFromCreditInstitutionsNoninsuranceActivities" xlink:to="FinancialLiabilitiesAtAmortisedCostDepositsFromCreditInstitutionsNoninsuranceActivities_label_labelen" xlink:type="arc" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="RevenuesFromContinuingActivities_verboseLabel_labelen" xml:lang="en">Revenues from continuing activities</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsAtFairValueThroughEquityDebtSecuritiesNoninsuranceActivities" xlink:to="FinancialAssetsAtFairValueThroughEquityDebtSecuritiesNoninsuranceActivities_verboseLabel_labelen" xlink:type="arc" />
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsAtFairValueThroughEquityDebtSecuritiesNoninsuranceActivities" xlink:to="FinancialAssetsAtFairValueThroughEquityDebtSecuritiesNoninsuranceActivities_label_labelen" xlink:type="arc" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="FinancialLiabilitiesAtFairValueThroughProfitOrLossIssuedDebtSecuritiesNoninsuranceActivities_verboseLabel_labelen" xml:lang="en">Financial liabilities at fair value through profit or loss, Issued debt securities (non-insurance activities)</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesAtFairValueThroughProfitOrLossIssuedDebtSecuritiesNoninsuranceActivities" xlink:to="FinancialLiabilitiesAtFairValueThroughProfitOrLossIssuedDebtSecuritiesNoninsuranceActivities_label_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ItemsThatWillNotBeReclassifiedToProfitOrLossChangesInDiscontinuedActivitiesAfterTax_label_labelen" xml:lang="en">Items That Will Not Be Reclassified To Profit Or Loss Changes In Discontinued Activities After Tax</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="NetIncreaseDecreaseRelatedToTransactionsWithCustomersAndCreditInstitutions_verboseLabel_labelen" xml:lang="en">Net increase (decrease) related to transactions with customers and credit institutions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncreaseDecreaseRelatedToTransactionsWithCustomersAndCreditInstitutions" xlink:to="NetIncreaseDecreaseRelatedToTransactionsWithCustomersAndCreditInstitutions_verboseLabel_labelen" xlink:type="arc" />
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncreaseDecreaseRelatedToTransactionsWithCustomersAndCreditInstitutions" xlink:to="NetIncreaseDecreaseRelatedToTransactionsWithCustomersAndCreditInstitutions_label_labelen" xlink:type="arc" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="UndatedSuperSubordinatedNotesMember_verboseLabel_labelen" xml:lang="en">Undated Super Subordinated Notes (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UndatedSuperSubordinatedNotesMember" xlink:to="UndatedSuperSubordinatedNotesMember_verboseLabel_labelen" xlink:type="arc" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="FinancialInvestmentsOfInsuranceActivities_verboseLabel_labelen" xml:lang="en">Financial investments of insurance activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsOfInsuranceActivities" xlink:to="FinancialInvestmentsOfInsuranceActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="FinancialInvestmentsOfInsuranceActivities_label_labelen" xml:lang="en">Financial Investments Of Insurance Activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInvestmentsOfInsuranceActivities" xlink:to="FinancialInvestmentsOfInsuranceActivities_label_labelen" xlink:type="arc" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="NetExpenseIncomeFromInvestingActivities_verboseLabel_labelen" xml:lang="en">Net expense (income) from investing activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetExpenseIncomeFromInvestingActivities" xlink:to="NetExpenseIncomeFromInvestingActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="NetExpenseIncomeFromInvestingActivities_label_labelen" xml:lang="en">Net Expense Income From Investing Activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetExpenseIncomeFromInvestingActivities" xlink:to="NetExpenseIncomeFromInvestingActivities_label_labelen" xlink:type="arc" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ReclassificationOfDiscontinuedActivities_label_labelen" xml:lang="en">Reclassification Of Discontinued Activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReclassificationOfDiscontinuedActivities" xlink:to="ReclassificationOfDiscontinuedActivities_label_labelen" xlink:type="arc" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ReclassificationOfDiscontinuedActivities_verboseLabel_labelen" xml:lang="en">Reclassification of discontinued activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReclassificationOfDiscontinuedActivities" xlink:to="ReclassificationOfDiscontinuedActivities_verboseLabel_labelen" xlink:type="arc" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="DerivativesAssetsUsedForHedgingPurposesNoninsuranceActivities_label_labelen" xml:lang="en">Derivatives Assets Used For Hedging Purposes Noninsurance Activities</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativesAssetsUsedForHedgingPurposesNoninsuranceActivities" xlink:to="DerivativesAssetsUsedForHedgingPurposesNoninsuranceActivities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="FinancialAssetsAtFairValueThroughEquityMember" xlink:href="bnpp-2021-12-31.xsd#bnpp_FinancialAssetsAtFairValueThroughEquityMember" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="FinancialAssetsAtFairValueThroughEquityMember_label_labelen" xml:lang="en">Financial Assets At Fair Value Through Equity Member</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="FinancialAssetsAtFairValueThroughEquityMember_verboseLabel_labelen" xml:lang="en">Financial assets at fair value through equity (member)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsAtFairValueThroughEquityMember" xlink:to="FinancialAssetsAtFairValueThroughEquityMember_verboseLabel_labelen" xlink:type="arc" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="NetIncreaseDecreaseRelatedToAcquisitionsAndDisposalsOfConsolidatedEntities_label_labelen" xml:lang="en">Net Increase Decrease Related To Acquisitions And Disposals Of Consolidated Entities</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="NetIncreaseDecreaseRelatedToAcquisitionsAndDisposalsOfConsolidatedEntities_verboseLabel_labelen" xml:lang="en">Net increase (decrease) related to acquisitions and disposals of consolidated entities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetIncreaseDecreaseRelatedToAcquisitionsAndDisposalsOfConsolidatedEntities" xlink:to="NetIncreaseDecreaseRelatedToAcquisitionsAndDisposalsOfConsolidatedEntities_verboseLabel_labelen" xlink:type="arc" />
    <link:loc xlink:type="locator" xlink:label="PretaxIncomeFromContinuingActivities" xlink:href="bnpp-2021-12-31.xsd#bnpp_PretaxIncomeFromContinuingActivities" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="PropertyPlantAndEquipmentAndInvestmentProperty_verboseLabel_labelen" xml:lang="en">Property, plant and equipment and investment property</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="NetIncomeFromInsuranceActivities_label_labelen" xml:lang="en">Net Income From Insurance Activities</link:label>
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