<?xml version="1.0" encoding="UTF-8"?>
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<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="es-be-d-so.xsd#es-be-d-so_TotalBSPatrimonioNetoFondosPropiosCapitalFondoDotacion" xlink:label="TotalBSPatrimonioNetoFondosPropiosCapitalFondoDotacion" xlink:title="TotalBSPatrimonioNetoFondosPropiosCapitalFondoDotacion"/>
    <link:label xlink:type="resource" xlink:label="label_TotalBSPatrimonioNetoFondosPropiosCapitalFondoDotacion" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TotalBSPatrimonioNetoFondosPropiosCapitalFondoDotacion" xml:lang="es" id="label_TotalBSPatrimonioNetoFondosPropiosCapitalFondoDotacion">Esta partida se denominará "Capital" en los formatos de Bancos, Cooperativas de crédito 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="TotalBSPatrimonioNetoFondosPropiosCapitalFondoDotacion" xlink:to="label_TotalBSPatrimonioNetoFondosPropiosCapitalFondoDotacion" xlink:title="label: TotalBSPatrimonioNetoFondosPropiosCapitalFondoDotacion to label_TotalBSPatrimonioNetoFondosPropiosCapitalFondoDotacion"/>
    <link:loc xlink:type="locator" xlink:href="es-be-d-so.xsd#es-be-d-so_TotalBSPromemoriaDerivadosFinancieros" xlink:label="TotalBSPromemoriaDerivadosFinancieros" xlink:title="TotalBSPromemoriaDerivadosFinancieros"/>
    <link:label xlink:type="resource" xlink:label="label_TotalBSPromemoriaDerivadosFinancieros" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TotalBSPromemoriaDerivadosFinancieros" xml:lang="es" id="label_TotalBSPromemoriaDerivadosFinancieros">Estos datos se obtendrán de los estados reservados individuales o consolidados según corresponda.</link:label>
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    <link:loc xlink:type="locator" xlink:href="es-be-d-so.xsd#es-be-d-so_TotalBSPromemoriaRestoCuentasOrden" xlink:label="TotalBSPromemoriaRestoCuentasOrden" xlink:title="TotalBSPromemoriaRestoCuentasOrden"/>
    <link:label xlink:type="resource" xlink:label="label_TotalBSPromemoriaRestoCuentasOrden" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TotalBSPromemoriaRestoCuentasOrden" xml:lang="es" id="label_TotalBSPromemoriaRestoCuentasOrden">Estos datos se obtendrán de los estados reservados individuales o consolidados según corresponda.</link:label>
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    <link:loc xlink:type="locator" xlink:href="es-be-rp00.xsd#es-be-rp00_FormRp00" xlink:label="FormRp00" xlink:title="FormRp00"/>
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    <link:loc xlink:type="locator" xlink:href="es-be-rp00.xsd#es-be-rp00_Row1Rp00" xlink:label="Row1Rp00" xlink:title="Row1Rp00"/>
    <link:label xlink:type="resource" xlink:label="label_Row1Rp00" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Row1Rp00" xml:lang="es" id="label_Row1Rp00">Fila RP00</link:label>
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    <link:loc xlink:type="locator" xlink:href="es-be-rp00.xsd#es-be-rp00_Column1Rp00" xlink:label="Column1Rp00" xlink:title="Column1Rp00"/>
    <link:label xlink:type="resource" xlink:label="label_Column1Rp00" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Column1Rp00" xml:lang="es" id="label_Column1Rp00">Columna RP00</link:label>
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    <link:loc xlink:type="locator" xlink:href="es-be-rp00.xsd#es-be-rp00_BalanceContabilidadSolvenciaHypercube" xlink:label="BalanceContabilidadSolvenciaHypercube" xlink:title="BalanceContabilidadSolvenciaHypercube"/>
    <link:label xlink:type="resource" xlink:label="label_BalanceContabilidadSolvenciaHypercube" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BalanceContabilidadSolvenciaHypercube" xml:lang="es" id="label_BalanceContabilidadSolvenciaHypercube">Sección Balance "Enlace Contabilidad-Solvencia"</link:label>
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    <link:loc xlink:type="locator" xlink:href="es-be-rp00.xsd#es-be-rp00_ExcTotalesHypercube" xlink:label="ExcTotalesHypercube" xlink:title="ExcTotalesHypercube"/>
    <link:label xlink:type="resource" xlink:label="label_ExcTotalesHypercube" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExcTotalesHypercube" xml:lang="es" id="label_ExcTotalesHypercube">Excluir Totales</link:label>
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    <link:loc xlink:type="locator" xlink:href="es-be-rp00.xsd#es-be-rp00_ExcCuentasOrdenOtrosSaldosHypercube" xlink:label="ExcCuentasOrdenOtrosSaldosHypercube" xlink:title="ExcCuentasOrdenOtrosSaldosHypercube"/>
    <link:label xlink:type="resource" xlink:label="label_ExcCuentasOrdenOtrosSaldosHypercube" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExcCuentasOrdenOtrosSaldosHypercube" xml:lang="es" id="label_ExcCuentasOrdenOtrosSaldosHypercube">Excluir "Cuentas de Orden" y "Otros Saldos no Contabilizados"</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExcCuentasOrdenOtrosSaldosHypercube" xlink:to="label_ExcCuentasOrdenOtrosSaldosHypercube" xlink:title="label: ExcCuentasOrdenOtrosSaldosHypercube to label_ExcCuentasOrdenOtrosSaldosHypercube"/>
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