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  <link:roleRef roleURI="http://www.bde.es/es/fr/esrs/finrep/6-2008/2008-11-26/role/EstadoTotalCambiosPatrimonioNetoPublicoConsolidado" xlink:type="simple" xlink:href="es-be-FINREP-rol.xsd#EstadoTotalCambiosPatrimonioNetoPublicoConsolidado"/>
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    <link:loc xlink:type="locator" xlink:href="es-be-d-FINREP-EstadoTotalCambiosPatrimonioNeto.xsd#es-be-d-FR-pn_TotalOtrosInstrumentosCapital" xlink:label="TotalOtrosInstrumentosCapital" xlink:title="TotalOtrosInstrumentosCapital"/>
    <link:label xlink:type="resource" xlink:label="label_TotalOtrosInstrumentosCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TotalOtrosInstrumentosCapital" xml:lang="es" id="label_TotalOtrosInstrumentosCapital">Otros instrumentos de capital</link:label>
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    <link:loc xlink:type="locator" xlink:href="es-be-d-FINREP-EstadoTotalCambiosPatrimonioNeto.xsd#es-be-d-FR-pn_ResultadoEjercicio" xlink:label="ResultadoEjercicio" xlink:title="ResultadoEjercicio"/>
    <link:label xlink:type="resource" xlink:label="label_ResultadoEjercicio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ResultadoEjercicio" xml:lang="es" id="label_ResultadoEjercicio">Resultado del ejercicio atribuido a la entidad dominante</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResultadoEjercicio" xlink:to="label_ResultadoEjercicio" xlink:title="label: ResultadoEjercicio to label_ResultadoEjercicio"/>
    <link:loc xlink:type="locator" xlink:href="es-be-d-FINREP-EstadoTotalCambiosPatrimonioNeto.xsd#es-be-d-FR-pn_TotalAjustesValoracion" xlink:label="TotalAjustesValoracion" xlink:title="TotalAjustesValoracion"/>
    <link:label xlink:type="resource" xlink:label="label_TotalAjustesValoracion" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TotalAjustesValoracion" xml:lang="es" id="label_TotalAjustesValoracion">Ajustes por valoración</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TotalAjustesValoracion" xlink:to="label_TotalAjustesValoracion" xlink:title="label: TotalAjustesValoracion to label_TotalAjustesValoracion"/>
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    <link:loc xlink:type="locator" xlink:href="es-be-d-FINREP-EstadoTotalCambiosPatrimonioNeto.xsd#es-be-d-FR-pn_CapitalFondoDotacion" xlink:label="CapitalFondoDotacion" xlink:title="CapitalFondoDotacion"/>
    <link:label xlink:type="resource" xlink:label="label_CapitalFondoDotacion" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CapitalFondoDotacion" xml:lang="es" id="label_CapitalFondoDotacion">"Esta partida se denominará ""Capital"" en los formatos de Bancos, Cooperativas y Establecimientos financieros de crédito y ""Fondo de dotación"" en los de cajas de ahorros"</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalFondoDotacion" xlink:to="label_CapitalFondoDotacion" xlink:title="label: CapitalFondoDotacion to label_CapitalFondoDotacion"/>
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    <link:label xlink:type="resource" xlink:label="label_AumentosCapitalFondoDotacion" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AumentosCapitalFondoDotacion" xml:lang="es" id="label_AumentosCapitalFondoDotacion">Esta partida se denominará "Aumentos de capital" en los formatos de Bancos, Cooperativas de crédito y Establecimientos financieros de crédito y "Aumentos de fondo de dotación" en los de Cajas de ahorros</link:label>
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    <link:loc xlink:type="locator" xlink:href="es-be-p-FINREP.xsd#es-be-p-FINREP_DistribucionDividendosRemuneracionSocios" xlink:label="DistribucionDividendosRemuneracionSocios" xlink:title="DistribucionDividendosRemuneracionSocios"/>
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    <link:label xlink:type="resource" xlink:label="label_Formulario" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Formulario" xml:lang="es" id="label_Formulario">Formulario III.4</link:label>
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    <link:loc xlink:type="locator" xlink:href="es-be-t-FINREP-III4-EstadoTotalCambiosPatrimonioNetoPublicoConsolidado.xsd#es-be-t-FR-PNPC_Fila1" xlink:label="Columna1" xlink:title="Columna1"/>
    <link:label xlink:type="resource" xlink:label="label_Columna1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Columna1" xml:lang="es" id="label_Columna1">Fila 1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Columna1" xlink:to="label_Columna1" xlink:title="label: Columna1 to label_Columna1"/>
    <link:loc xlink:type="locator" xlink:href="es-be-t-FINREP-III4-EstadoTotalCambiosPatrimonioNetoPublicoConsolidado.xsd#es-be-t-FR-PNPC_PatrimonioNetoPublicoConsolidadoHypercube" xlink:label="PatrimonioNetoPublicoConsolidadoHypercube" xlink:title="PatrimonioNetoPublicoConsolidadoHypercube"/>
    <link:label xlink:type="resource" xlink:label="label_PatrimonioNetoPublicoConsolidadoHypercube" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PatrimonioNetoPublicoConsolidadoHypercube" xml:lang="es" id="label_PatrimonioNetoPublicoConsolidadoHypercube">Patrimonio Neto Publico Consolidado (Hypercube)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PatrimonioNetoPublicoConsolidadoHypercube" xlink:to="label_PatrimonioNetoPublicoConsolidadoHypercube" xlink:title="label: PatrimonioNetoPublicoConsolidadoHypercube to label_PatrimonioNetoPublicoConsolidadoHypercube"/>
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