<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
<!--Generated by ThunderDome XBRL - 11:21PM UTC 2026-06-02--><link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" xlink:type="simple"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" xlink:type="simple"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" xlink:type="simple"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" xlink:type="simple"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" xlink:type="simple"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" xlink:type="simple"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" xlink:type="simple"/>
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:label="ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DividendsPaidClassifiedAsFinancingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DividendsPaidClassifiedAsFinancingActivities</link:label>
    <link:label xlink:label="ifrs-full_DividendsPaidClassifiedAsFinancingActivities-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividends paid</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:to="ifrs-full_DividendsPaidClassifiedAsFinancingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_Statement1Table" xlink:label="versb_Statement1Table" xlink:type="locator"/>
    <link:label xlink:label="versb_Statement1Table-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement Table [Table]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_Statement1Table" xlink:to="versb_Statement1Table-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_Statement1LineItems" xlink:label="versb_Statement1LineItems" xlink:type="locator"/>
    <link:label xlink:label="versb_Statement1LineItems-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement Line Items [Line Items]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_Statement1LineItems" xlink:to="versb_Statement1LineItems-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_DisclosureOfSignificantAccountingPoliciesAbstract" xlink:label="versb_DisclosureOfSignificantAccountingPoliciesAbstract" xlink:type="locator"/>
    <link:label xlink:label="versb_DisclosureOfSignificantAccountingPoliciesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Discloure of Significant Accounting Policies</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_DisclosureOfSignificantAccountingPoliciesAbstract" xlink:to="versb_DisclosureOfSignificantAccountingPoliciesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_DocumentAndEntityInformation" xlink:label="versb_DocumentAndEntityInformation" xlink:type="locator"/>
    <link:label xlink:label="versb_DocumentAndEntityInformation-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document And Entity Information</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_DocumentAndEntityInformation" xlink:to="versb_DocumentAndEntityInformation-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_NoteToFinancialStatementDetailsTextual" xlink:label="versb_NoteToFinancialStatementDetailsTextual" xlink:type="locator"/>
    <link:label xlink:label="versb_NoteToFinancialStatementDetailsTextual-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note To Financial Statement Details Textual</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_NoteToFinancialStatementDetailsTextual" xlink:to="versb_NoteToFinancialStatementDetailsTextual-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-tables" xlink:label="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-tables" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 5 - Credit Assets, Net of Allowance for Credit Losses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-tables" xlink:to="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-6-other-assets-tables" xlink:label="versb_statement-statement-note-6-other-assets-tables" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-6-other-assets-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 6 - Other Assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-6-other-assets-tables" xlink:to="versb_statement-statement-note-6-other-assets-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProceedsFromIssuingShares" xlink:label="ifrs-full_ProceedsFromIssuingShares" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProceedsFromIssuingShares-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issuance of common shares, net of issue costs</link:label>
    <link:label xlink:label="ifrs-full_ProceedsFromIssuingShares-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from issuing shares</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromIssuingShares" xlink:to="ifrs-full_ProceedsFromIssuingShares-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-7-subordinated-notes-payable-tables" xlink:label="versb_statement-statement-note-7-subordinated-notes-payable-tables" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-7-subordinated-notes-payable-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 7 - Subordinated Notes Payable</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-7-subordinated-notes-payable-tables" xlink:to="versb_statement-statement-note-7-subordinated-notes-payable-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NotionalAmount" xlink:label="ifrs-full_NotionalAmount" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NotionalAmount-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Principal amount</link:label>
    <link:label xlink:label="ifrs-full_NotionalAmount-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Principal amount</link:label>
    <link:label xlink:label="ifrs-full_NotionalAmount-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notional amount</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotionalAmount" xlink:to="ifrs-full_NotionalAmount-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-8-other-liabilities-tables" xlink:label="versb_statement-statement-note-8-other-liabilities-tables" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-8-other-liabilities-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 8 - Other Liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-8-other-liabilities-tables" xlink:to="versb_statement-statement-note-8-other-liabilities-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-9-share-capital-tables" xlink:label="versb_statement-statement-note-9-share-capital-tables" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-9-share-capital-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 9 - Share Capital</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-9-share-capital-tables" xlink:to="versb_statement-statement-note-9-share-capital-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-11-income-per-common-share-tables" xlink:label="versb_statement-statement-note-11-income-per-common-share-tables" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-11-income-per-common-share-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 11 - Income Per Common Share</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-11-income-per-common-share-tables" xlink:to="versb_statement-statement-note-11-income-per-common-share-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-13-commitments-and-contingencies-tables" xlink:label="versb_statement-statement-note-13-commitments-and-contingencies-tables" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-13-commitments-and-contingencies-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 13 - Commitments and Contingencies</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-13-commitments-and-contingencies-tables" xlink:to="versb_statement-statement-note-13-commitments-and-contingencies-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FloatingInterestRateMember" xlink:label="ifrs-full_FloatingInterestRateMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FloatingInterestRateMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Floating interest rate [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FloatingInterestRateMember" xlink:to="ifrs-full_FloatingInterestRateMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_CashFlowsFromUsedInInvestingActivities</link:label>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) investing activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-15-capital-management-tables" xlink:label="versb_statement-statement-note-15-capital-management-tables" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-15-capital-management-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 15 - Capital Management</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-15-capital-management-tables" xlink:to="versb_statement-statement-note-15-capital-management-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-16-interest-rate-risk-position-tables" xlink:label="versb_statement-statement-note-16-interest-rate-risk-position-tables" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-16-interest-rate-risk-position-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 16 - Interest Rate Risk Position</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-16-interest-rate-risk-position-tables" xlink:to="versb_statement-statement-note-16-interest-rate-risk-position-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-17-fair-value-of-financial-instruments-tables" xlink:label="versb_statement-statement-note-17-fair-value-of-financial-instruments-tables" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-17-fair-value-of-financial-instruments-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 17 - Fair Value of Financial Instruments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-17-fair-value-of-financial-instruments-tables" xlink:to="versb_statement-statement-note-17-fair-value-of-financial-instruments-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-18-operating-segmentation-tables" xlink:label="versb_statement-statement-note-18-operating-segmentation-tables" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-18-operating-segmentation-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 18 - Operating Segmentation</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-18-operating-segmentation-tables" xlink:to="versb_statement-statement-note-18-operating-segmentation-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-portfolio-analysis-details" xlink:label="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-portfolio-analysis-details" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-portfolio-analysis-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 5 - Credit Assets, Net of Allowance for Credit Losses - Portfolio Analysis (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-portfolio-analysis-details" xlink:to="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-portfolio-analysis-details-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TypesOfInterestRatesAxis" xlink:label="ifrs-full_TypesOfInterestRatesAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TypesOfInterestRatesAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of interest rates [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfInterestRatesAxis" xlink:to="ifrs-full_TypesOfInterestRatesAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-summary-of-loan-ecl-and-el-amounts-by-lending-asset-category-details" xlink:label="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-summary-of-loan-ecl-and-el-amounts-by-lending-asset-category-details" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-summary-of-loan-ecl-and-el-amounts-by-lending-asset-category-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 5 - Credit Assets, Net of Allowance for Credit Losses - Summary of Loan, ECL, and EL Amounts by Lending Asset Category (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-summary-of-loan-ecl-and-el-amounts-by-lending-asset-category-details" xlink:to="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-summary-of-loan-ecl-and-el-amounts-by-lending-asset-category-details-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-expected-credit-loss-sensitivity-details" xlink:label="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-expected-credit-loss-sensitivity-details" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-expected-credit-loss-sensitivity-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 5 - Credit Assets, Net of Allowance for Credit Losses - Expected Credit Loss Sensitivity (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-expected-credit-loss-sensitivity-details" xlink:to="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-expected-credit-loss-sensitivity-details-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-reconciliation-of-ecl-allowance-by-lending-asset-category-details" xlink:label="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-reconciliation-of-ecl-allowance-by-lending-asset-category-details" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-reconciliation-of-ecl-allowance-by-lending-asset-category-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 5 - Credit Assets, Net of Allowance for Credit Losses - Reconciliation of ECL Allowance by Lending Asset Category (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-reconciliation-of-ecl-allowance-by-lending-asset-category-details" xlink:to="versb_statement-statement-note-5-credit-assets-net-of-allowance-for-credit-losses-reconciliation-of-ecl-allowance-by-lending-asset-category-details-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about borrowings [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-6-other-assets-schedule-of-other-assets-details" xlink:label="versb_statement-statement-note-6-other-assets-schedule-of-other-assets-details" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-6-other-assets-schedule-of-other-assets-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 6 - Other Assets - Schedule of Other Assets (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-6-other-assets-schedule-of-other-assets-details" xlink:to="versb_statement-statement-note-6-other-assets-schedule-of-other-assets-details-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-7-subordinated-notes-payable-schedule-of-subordinated-notes-payable-details" xlink:label="versb_statement-statement-note-7-subordinated-notes-payable-schedule-of-subordinated-notes-payable-details" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-7-subordinated-notes-payable-schedule-of-subordinated-notes-payable-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 7 - Subordinated Notes Payable - Schedule of Subordinated Notes Payable (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-7-subordinated-notes-payable-schedule-of-subordinated-notes-payable-details" xlink:to="versb_statement-statement-note-7-subordinated-notes-payable-schedule-of-subordinated-notes-payable-details-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-7-subordinated-notes-payable-schedule-of-subordinated-notes-payable-details-parentheticals" xlink:label="versb_statement-statement-note-7-subordinated-notes-payable-schedule-of-subordinated-notes-payable-details-parentheticals" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-7-subordinated-notes-payable-schedule-of-subordinated-notes-payable-details-parentheticals-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 7 - Subordinated Notes Payable - Schedule of Subordinated Notes Payable (Details) (Parentheticals)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-7-subordinated-notes-payable-schedule-of-subordinated-notes-payable-details-parentheticals" xlink:to="versb_statement-statement-note-7-subordinated-notes-payable-schedule-of-subordinated-notes-payable-details-parentheticals-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-8-other-liabilities-schedule-of-other-liabilities-details" xlink:label="versb_statement-statement-note-8-other-liabilities-schedule-of-other-liabilities-details" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-8-other-liabilities-schedule-of-other-liabilities-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 8 - Other Liabilities - Schedule of Other Liabilities (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-8-other-liabilities-schedule-of-other-liabilities-details" xlink:to="versb_statement-statement-note-8-other-liabilities-schedule-of-other-liabilities-details-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-9-share-capital-stock-option-transactions-details" xlink:label="versb_statement-statement-note-9-share-capital-stock-option-transactions-details" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-9-share-capital-stock-option-transactions-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 9 - Share Capital - Stock Option Transactions (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-9-share-capital-stock-option-transactions-details" xlink:to="versb_statement-statement-note-9-share-capital-stock-option-transactions-details-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-11-income-per-common-share-basic-and-diluted-income-per-common-share-details" xlink:label="versb_statement-statement-note-11-income-per-common-share-basic-and-diluted-income-per-common-share-details" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-11-income-per-common-share-basic-and-diluted-income-per-common-share-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 11 - Income Per Common Share - Basic and Diluted Income Per Common Share (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-11-income-per-common-share-basic-and-diluted-income-per-common-share-details" xlink:to="versb_statement-statement-note-11-income-per-common-share-basic-and-diluted-income-per-common-share-details-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-13-commitments-and-contingencies-credit-related-commitments-details" xlink:label="versb_statement-statement-note-13-commitments-and-contingencies-credit-related-commitments-details" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-13-commitments-and-contingencies-credit-related-commitments-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 13 - Commitments and Contingencies - Credit Related Commitments (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-13-commitments-and-contingencies-credit-related-commitments-details" xlink:to="versb_statement-statement-note-13-commitments-and-contingencies-credit-related-commitments-details-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-15-capital-management-riskbased-capital-ratios-details" xlink:label="versb_statement-statement-note-15-capital-management-riskbased-capital-ratios-details" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-15-capital-management-riskbased-capital-ratios-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 15 - Capital Management - Risk-based Capital Ratios (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-15-capital-management-riskbased-capital-ratios-details" xlink:to="versb_statement-statement-note-15-capital-management-riskbased-capital-ratios-details-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about financial instruments [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-16-interest-rate-risk-position-analysis-of-sensitivity-to-market-interest-rates-details" xlink:label="versb_statement-statement-note-16-interest-rate-risk-position-analysis-of-sensitivity-to-market-interest-rates-details" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-16-interest-rate-risk-position-analysis-of-sensitivity-to-market-interest-rates-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 16 - Interest Rate Risk Position - Analysis of Sensitivity to Market Interest Rates (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-16-interest-rate-risk-position-analysis-of-sensitivity-to-market-interest-rates-details" xlink:to="versb_statement-statement-note-16-interest-rate-risk-position-analysis-of-sensitivity-to-market-interest-rates-details-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-17-fair-value-of-financial-instruments-fair-value-of-financial-instruments-details" xlink:label="versb_statement-statement-note-17-fair-value-of-financial-instruments-fair-value-of-financial-instruments-details" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-17-fair-value-of-financial-instruments-fair-value-of-financial-instruments-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 17 - Fair Value of Financial Instruments - Fair Value of Financial Instruments (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-17-fair-value-of-financial-instruments-fair-value-of-financial-instruments-details" xlink:to="versb_statement-statement-note-17-fair-value-of-financial-instruments-fair-value-of-financial-instruments-details-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_statement-statement-note-18-operating-segmentation-results-of-reportable-operating-segments-details" xlink:label="versb_statement-statement-note-18-operating-segmentation-results-of-reportable-operating-segments-details" xlink:type="locator"/>
    <link:label xlink:label="versb_statement-statement-note-18-operating-segmentation-results-of-reportable-operating-segments-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 18 - Operating Segmentation - Results of Reportable Operating Segments (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_statement-statement-note-18-operating-segmentation-results-of-reportable-operating-segments-details" xlink:to="versb_statement-statement-note-18-operating-segmentation-results-of-reportable-operating-segments-details-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_HedgedItemAssets" xlink:label="ifrs-full_HedgedItemAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_HedgedItemAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_HedgedItemAssets</link:label>
    <link:label xlink:label="ifrs-full_HedgedItemAssets-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Hedged item, assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgedItemAssets" xlink:to="ifrs-full_HedgedItemAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_NotesToFinancialStatements" xlink:label="versb_NotesToFinancialStatements" xlink:type="locator"/>
    <link:label xlink:label="versb_NotesToFinancialStatements-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes To Financial Statements</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_NotesToFinancialStatements" xlink:to="versb_NotesToFinancialStatements-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_NotesToFinancialStatementsAbstract" xlink:label="versb_NotesToFinancialStatementsAbstract" xlink:type="locator"/>
    <link:label xlink:label="versb_NotesToFinancialStatementsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes To Financial Statements [Abstract]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_NotesToFinancialStatementsAbstract" xlink:to="versb_NotesToFinancialStatementsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_OtherDebtInstrumentsHeldMember" xlink:label="versb_OtherDebtInstrumentsHeldMember" xlink:type="locator"/>
    <link:label xlink:label="versb_OtherDebtInstrumentsHeldMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other debt instruments held [member]</link:label>
    <link:label xlink:label="versb_OtherDebtInstrumentsHeldMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Relating to other securities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_OtherDebtInstrumentsHeldMember" xlink:to="versb_OtherDebtInstrumentsHeldMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PurchaseOfInterestsInAssociates" xlink:label="ifrs-full_PurchaseOfInterestsInAssociates" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PurchaseOfInterestsInAssociates-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_PurchaseOfInterestsInAssociates</link:label>
    <link:label xlink:label="ifrs-full_PurchaseOfInterestsInAssociates-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase of interests in associates</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfInterestsInAssociates" xlink:to="ifrs-full_PurchaseOfInterestsInAssociates-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RightofuseAssets" xlink:label="ifrs-full_RightofuseAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_RightofuseAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Right-of-use assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RightofuseAssets" xlink:to="ifrs-full_RightofuseAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LeaseLiabilities" xlink:label="ifrs-full_LeaseLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LeaseLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease obligations</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LeaseLiabilities" xlink:to="ifrs-full_LeaseLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory" xlink:label="ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of loans and advances to customers [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory" xlink:to="ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities</link:label>
    <link:label xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchase of property and equipment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_CashFlowsFromUsedInOperatingActivities</link:label>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) operating activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:label="ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities</link:label>
    <link:label xlink:label="ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Income taxes paid</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:to="ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_PaymentsForProceedsFromLeaseObligationsClassifiedAsFinancingActivities" xlink:label="versb_PaymentsForProceedsFromLeaseObligationsClassifiedAsFinancingActivities" xlink:type="locator"/>
    <link:label xlink:label="versb_PaymentsForProceedsFromLeaseObligationsClassifiedAsFinancingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_PaymentsForProceedsFromLeaseObligationsClassifiedAsFinancingActivities</link:label>
    <link:label xlink:label="versb_PaymentsForProceedsFromLeaseObligationsClassifiedAsFinancingActivities-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayment of lease obligations</link:label>
    <link:label xlink:label="versb_PaymentsForProceedsFromLeaseObligationsClassifiedAsFinancingActivities-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash outflow (inflow) for payment of (proceeds from) lease obligations, classified as financing activities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_PaymentsForProceedsFromLeaseObligationsClassifiedAsFinancingActivities" xlink:to="versb_PaymentsForProceedsFromLeaseObligationsClassifiedAsFinancingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_AverageDailyTradingVolume" xlink:label="versb_AverageDailyTradingVolume" xlink:type="locator"/>
    <link:label xlink:label="versb_AverageDailyTradingVolume-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_AverageDailyTradingVolume</link:label>
    <link:label xlink:label="versb_AverageDailyTradingVolume-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Average daily trading volume (in shares)</link:label>
    <link:label xlink:label="versb_AverageDailyTradingVolume-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The average daily trading volume of an entities shares over a period of time.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_AverageDailyTradingVolume" xlink:to="versb_AverageDailyTradingVolume-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:label="ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InterestPaidClassifiedAsOperatingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_InterestPaidClassifiedAsOperatingActivities</link:label>
    <link:label xlink:label="ifrs-full_InterestPaidClassifiedAsOperatingActivities-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest paid</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:to="ifrs-full_InterestPaidClassifiedAsOperatingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory" xlink:label="ifrs-full_DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of objectives, policies and processes for managing capital [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory" xlink:to="ifrs-full_DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:label="ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InterestReceivedClassifiedAsOperatingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest received</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:to="ifrs-full_InterestReceivedClassifiedAsOperatingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProfitLoss" xlink:label="ifrs-full_ProfitLoss" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProfitLoss-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net income</link:label>
    <link:label xlink:label="ifrs-full_ProfitLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net income (loss)</link:label>
    <link:label xlink:label="ifrs-full_ProfitLoss-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLoss" xlink:to="ifrs-full_ProfitLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash provided by (used in):</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfReclassificationsOrChangesInPresentationExplanatory" xlink:label="ifrs-full_DisclosureOfReclassificationsOrChangesInPresentationExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfReclassificationsOrChangesInPresentationExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of reclassifications or changes in presentation [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfReclassificationsOrChangesInPresentationExplanatory" xlink:to="ifrs-full_DisclosureOfReclassificationsOrChangesInPresentationExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_SharesPurchasedAndCancelledDuringPeriod" xlink:label="versb_SharesPurchasedAndCancelledDuringPeriod" xlink:type="locator"/>
    <link:label xlink:label="versb_SharesPurchasedAndCancelledDuringPeriod-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_SharesPurchasedAndCancelledDuringPeriod</link:label>
    <link:label xlink:label="versb_SharesPurchasedAndCancelledDuringPeriod-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares purchased and cancelled during period (in shares)</link:label>
    <link:label xlink:label="versb_SharesPurchasedAndCancelledDuringPeriod-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of shares purchased and cancelled during the period</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_SharesPurchasedAndCancelledDuringPeriod" xlink:to="versb_SharesPurchasedAndCancelledDuringPeriod-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_CashAndCashEquivalentsIFRSMember" xlink:label="versb_CashAndCashEquivalentsIFRSMember" xlink:type="locator"/>
    <link:label xlink:label="versb_CashAndCashEquivalentsIFRSMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents [member]</link:label>
    <link:label xlink:label="versb_CashAndCashEquivalentsIFRSMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents cash and cash equivalents.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_CashAndCashEquivalentsIFRSMember" xlink:to="versb_CashAndCashEquivalentsIFRSMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_CybersecuritySegmentMember" xlink:label="versb_CybersecuritySegmentMember" xlink:type="locator"/>
    <link:label xlink:label="versb_CybersecuritySegmentMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cybersecurity segment [member]</link:label>
    <link:label xlink:label="versb_CybersecuritySegmentMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the cybersecurity segment.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_CybersecuritySegmentMember" xlink:to="versb_CybersecuritySegmentMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SegmentsAxis" xlink:label="ifrs-full_SegmentsAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_SegmentsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentsAxis" xlink:to="ifrs-full_SegmentsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_OtherFinancialLiabilitiesMember" xlink:label="versb_OtherFinancialLiabilitiesMember" xlink:type="locator"/>
    <link:label xlink:label="versb_OtherFinancialLiabilitiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other financial liabilities [member]</link:label>
    <link:label xlink:label="versb_OtherFinancialLiabilitiesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents other financial liabilities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_OtherFinancialLiabilitiesMember" xlink:to="versb_OtherFinancialLiabilitiesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_OtherFinancialAssetsMember" xlink:label="versb_OtherFinancialAssetsMember" xlink:type="locator"/>
    <link:label xlink:label="versb_OtherFinancialAssetsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other financial assets [member]</link:label>
    <link:label xlink:label="versb_OtherFinancialAssetsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents other financial assets.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_OtherFinancialAssetsMember" xlink:to="versb_OtherFinancialAssetsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets</link:label>
    <link:label xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expense from share-based payment transactions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" xlink:to="ifrs-full_ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AccountingEstimatesAxis" xlink:label="ifrs-full_AccountingEstimatesAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AccountingEstimatesAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting estimates [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccountingEstimatesAxis" xlink:to="ifrs-full_AccountingEstimatesAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinancialAssets" xlink:label="ifrs-full_FinancialAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FinancialAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_FinancialAssets</link:label>
    <link:label xlink:label="ifrs-full_FinancialAssets-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets</link:label>
    <link:label xlink:label="ifrs-full_FinancialAssets-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total credit assets, net of allowance for credit losses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssets" xlink:to="ifrs-full_FinancialAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinancialAssetsAtAmortisedCost" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCost" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FinancialAssetsAtAmortisedCost-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Amortized cost, assets</link:label>
    <link:label xlink:label="ifrs-full_FinancialAssetsAtAmortisedCost-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_FinancialAssetsAtAmortisedCost</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtAmortisedCost" xlink:to="ifrs-full_FinancialAssetsAtAmortisedCost-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">FVOCI, assets</link:label>
    <link:label xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome" xlink:to="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">FVTPL, assets</link:label>
    <link:label xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AccumulatedChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability" xlink:label="ifrs-full_AccumulatedChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AccumulatedChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">FVOCI, liabilities</link:label>
    <link:label xlink:label="ifrs-full_AccumulatedChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AccumulatedChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability" xlink:to="ifrs-full_AccumulatedChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AccumulatedChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets" xlink:label="ifrs-full_AccumulatedChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AccumulatedChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision (recovery) from reported ECL</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets" xlink:to="ifrs-full_AccumulatedChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NumberOfOutstandingShareOptions" xlink:label="ifrs-full_NumberOfOutstandingShareOptions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NumberOfOutstandingShareOptions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_NumberOfOutstandingShareOptions</link:label>
    <link:label xlink:label="ifrs-full_NumberOfOutstandingShareOptions-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Outstanding, beginning of period</link:label>
    <link:label xlink:label="ifrs-full_NumberOfOutstandingShareOptions-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Outstanding, end of period</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfOutstandingShareOptions" xlink:to="ifrs-full_NumberOfOutstandingShareOptions-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_WeightedAverageShares" xlink:label="ifrs-full_WeightedAverageShares" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_WeightedAverageShares-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average number of common shares outstanding (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageShares" xlink:to="ifrs-full_WeightedAverageShares-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncomeMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated other comprehensive income [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:to="ifrs-full_AccumulatedOtherComprehensiveIncomeMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:label="ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfEarningsPerShareExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of earnings per share [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:to="ifrs-full_DisclosureOfEarningsPerShareExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AccumulatedOtherComprehensiveIncome" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncome" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncome-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accumulated other comprehensive income (loss)</link:label>
    <link:label xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncome-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated other comprehensive income (loss), net of taxes</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedOtherComprehensiveIncome" xlink:to="ifrs-full_AccumulatedOtherComprehensiveIncome-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinancialLiabilities" xlink:label="ifrs-full_FinancialLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FinancialLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_FinancialLiabilities</link:label>
    <link:label xlink:label="ifrs-full_FinancialLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilities" xlink:to="ifrs-full_FinancialLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:label="ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement</link:label>
    <link:label xlink:label="ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Expired</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCost" xlink:label="ifrs-full_FinancialLiabilitiesAtAmortisedCost" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FinancialLiabilitiesAtAmortisedCost-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Amortized cost, liabilities</link:label>
    <link:label xlink:label="ifrs-full_FinancialLiabilitiesAtAmortisedCost-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_FinancialLiabilitiesAtAmortisedCost</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesAtAmortisedCost" xlink:to="ifrs-full_FinancialLiabilitiesAtAmortisedCost-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:label="ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement</link:label>
    <link:label xlink:label="ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Exercised</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:label="ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CategoriesOfFinancialAssetsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of financial assets [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:to="ifrs-full_CategoriesOfFinancialAssetsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory" xlink:label="ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of number and weighted average exercise prices of share options [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory" xlink:to="ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">FVTPL, liabilities</link:label>
    <link:label xlink:label="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:to="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:label="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement</link:label>
    <link:label xlink:label="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Forfeited/cancelled</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:label="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Granted</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_NumberOfReportableSegments1" xlink:label="versb_NumberOfReportableSegments1" xlink:type="locator"/>
    <link:label xlink:label="versb_NumberOfReportableSegments1-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_NumberOfReportableSegments1</link:label>
    <link:label xlink:label="versb_NumberOfReportableSegments1-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of reportable segments</link:label>
    <link:label xlink:label="versb_NumberOfReportableSegments1-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of reportable segments by the entity at a date.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_NumberOfReportableSegments1" xlink:to="versb_NumberOfReportableSegments1-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_FinancialAssetsQualifiedForHedgeAccounting" xlink:label="versb_FinancialAssetsQualifiedForHedgeAccounting" xlink:type="locator"/>
    <link:label xlink:label="versb_FinancialAssetsQualifiedForHedgeAccounting-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_FinancialAssetsQualifiedForHedgeAccounting</link:label>
    <link:label xlink:label="versb_FinancialAssetsQualifiedForHedgeAccounting-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets qualified for hedge accounting</link:label>
    <link:label xlink:label="versb_FinancialAssetsQualifiedForHedgeAccounting-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of financial assets qualified for hedge accounting.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_FinancialAssetsQualifiedForHedgeAccounting" xlink:to="versb_FinancialAssetsQualifiedForHedgeAccounting-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xlink:label="ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_KeyManagementPersonnelOfEntityOrParentMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key management personnel of entity or parent [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xlink:to="ifrs-full_KeyManagementPersonnelOfEntityOrParentMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:label="ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CategoriesOfRelatedPartiesAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of related parties [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:to="ifrs-full_CategoriesOfRelatedPartiesAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Liabilities" xlink:label="ifrs-full_Liabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_Liabilities-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total liabilities</link:label>
    <link:label xlink:label="ifrs-full_Liabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_Liabilities</link:label>
    <link:label xlink:label="ifrs-full_Liabilities-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Liabilities" xlink:to="ifrs-full_Liabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="ifrs-full_ProfitLossBeforeTax" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProfitLossBeforeTax-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income (loss) before income taxes</link:label>
    <link:label xlink:label="ifrs-full_ProfitLossBeforeTax-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income before income taxes</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossBeforeTax" xlink:to="ifrs-full_ProfitLossBeforeTax-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_TotalDepreciationAmortisationImpairmentLossReversalOfImpairmentLossAndOtherPremisesCostRecognisedInProfitOrLoss" xlink:label="versb_TotalDepreciationAmortisationImpairmentLossReversalOfImpairmentLossAndOtherPremisesCostRecognisedInProfitOrLoss" xlink:type="locator"/>
    <link:label xlink:label="versb_TotalDepreciationAmortisationImpairmentLossReversalOfImpairmentLossAndOtherPremisesCostRecognisedInProfitOrLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Premises and equipment</link:label>
    <link:label xlink:label="versb_TotalDepreciationAmortisationImpairmentLossReversalOfImpairmentLossAndOtherPremisesCostRecognisedInProfitOrLoss-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of depreciation expense, amortisation expense, impairment loss (reversal of impairment loss), and other premeses costs recognised in profit or loss. [Refer: Depreciation and amortisation expense; Impairment loss (reversal of impairment loss) recognised in profit or loss]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_TotalDepreciationAmortisationImpairmentLossReversalOfImpairmentLossAndOtherPremisesCostRecognisedInProfitOrLoss" xlink:to="versb_TotalDepreciationAmortisationImpairmentLossReversalOfImpairmentLossAndOtherPremisesCostRecognisedInProfitOrLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_ReplacementCostOfDerivativeExposure" xlink:label="versb_ReplacementCostOfDerivativeExposure" xlink:type="locator"/>
    <link:label xlink:label="versb_ReplacementCostOfDerivativeExposure-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Replacement cost associated with all derivative transactions</link:label>
    <link:label xlink:label="versb_ReplacementCostOfDerivativeExposure-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the replacement cost of derivative exposure.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_ReplacementCostOfDerivativeExposure" xlink:to="versb_ReplacementCostOfDerivativeExposure-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_AddOnsToDerivativeExposure" xlink:label="versb_AddOnsToDerivativeExposure" xlink:type="locator"/>
    <link:label xlink:label="versb_AddOnsToDerivativeExposure-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Add-on amounts for PFE associated with all derivative transactions</link:label>
    <link:label xlink:label="versb_AddOnsToDerivativeExposure-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of add ons to derivative exposure.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_AddOnsToDerivativeExposure" xlink:to="versb_AddOnsToDerivativeExposure-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestRevenueExpense" xlink:label="ifrs-full_InterestRevenueExpense" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InterestRevenueExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_InterestRevenueExpense</link:label>
    <link:label xlink:label="ifrs-full_InterestRevenueExpense-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net interest income</link:label>
    <link:label xlink:label="ifrs-full_InterestRevenueExpense-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net interest income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestRevenueExpense" xlink:to="ifrs-full_InterestRevenueExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_Tier1Capital" xlink:label="versb_Tier1Capital" xlink:type="locator"/>
    <link:label xlink:label="versb_Tier1Capital-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Tier 1 capital</link:label>
    <link:label xlink:label="versb_Tier1Capital-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_Tier1Capital</link:label>
    <link:label xlink:label="versb_Tier1Capital-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of Tier 1 capital.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_Tier1Capital" xlink:to="versb_Tier1Capital-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OperatingSegmentsMember" xlink:label="ifrs-full_OperatingSegmentsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OperatingSegmentsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating segments [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OperatingSegmentsMember" xlink:to="ifrs-full_OperatingSegmentsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:label="ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EliminationOfIntersegmentAmountsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Elimination of intersegment amounts [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:to="ifrs-full_EliminationOfIntersegmentAmountsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_DerivativeExposure" xlink:label="versb_DerivativeExposure" xlink:type="locator"/>
    <link:label xlink:label="versb_DerivativeExposure-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total derivative exposures</link:label>
    <link:label xlink:label="versb_DerivativeExposure-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of derivative exposure.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_DerivativeExposure" xlink:to="versb_DerivativeExposure-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions" xlink:label="ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions</link:label>
    <link:label xlink:label="ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue from rendering of services, related party transactions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions" xlink:to="ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfOperatingSegmentsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:to="ifrs-full_DisclosureOfOperatingSegmentsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SegmentConsolidationItemsAxis" xlink:label="ifrs-full_SegmentConsolidationItemsAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_SegmentConsolidationItemsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment consolidation items [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentConsolidationItemsAxis" xlink:to="ifrs-full_SegmentConsolidationItemsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:label="ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of entity's operating segments [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:to="ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-adjusting events after reporting period [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:to="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:label="ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfRelatedPartyExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of related party [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:to="ifrs-full_DisclosureOfRelatedPartyExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdditionalProvisionsOtherProvisions" xlink:label="ifrs-full_AdditionalProvisionsOtherProvisions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdditionalProvisionsOtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit asset originations</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionalProvisionsOtherProvisions" xlink:to="ifrs-full_AdditionalProvisionsOtherProvisions-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdditionalPaidinCapital" xlink:label="ifrs-full_AdditionalPaidinCapital" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdditionalPaidinCapital-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Contributed surplus</link:label>
    <link:label xlink:label="ifrs-full_AdditionalPaidinCapital-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AdditionalPaidinCapital</link:label>
    <link:label xlink:label="ifrs-full_AdditionalPaidinCapital-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contributed surplus</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionalPaidinCapital" xlink:to="ifrs-full_AdditionalPaidinCapital-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdditionalPaidinCapitalMember" xlink:label="ifrs-full_AdditionalPaidinCapitalMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdditionalPaidinCapitalMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional paid-in capital [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionalPaidinCapitalMember" xlink:to="ifrs-full_AdditionalPaidinCapitalMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:label="ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfOtherAssetsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of other assets [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:to="ifrs-full_DisclosureOfOtherAssetsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfOtherLiabilitiesExplanatory" xlink:label="ifrs-full_DisclosureOfOtherLiabilitiesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfOtherLiabilitiesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of other liabilities [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOtherLiabilitiesExplanatory" xlink:to="ifrs-full_DisclosureOfOtherLiabilitiesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForAmortisationExpense" xlink:label="ifrs-full_AdjustmentsForAmortisationExpense" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForAmortisationExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForAmortisationExpense" xlink:to="ifrs-full_AdjustmentsForAmortisationExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:label="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock-based compensation (note 9)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:to="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:label="ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates</link:label>
    <link:label xlink:label="ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjustments for gain (loss) on disposal of investments in subsidiaries, joint ventures and associates</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:to="ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ComprehensiveIncome" xlink:label="ifrs-full_ComprehensiveIncome" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ComprehensiveIncome-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ComprehensiveIncome</link:label>
    <link:label xlink:label="ifrs-full_ComprehensiveIncome-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Comprehensive income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncome" xlink:to="ifrs-full_ComprehensiveIncome-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="ifrs-full_OtherComprehensiveIncome" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherComprehensiveIncome-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income (loss)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncome" xlink:to="ifrs-full_OtherComprehensiveIncome-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DividendsPaid" xlink:label="ifrs-full_DividendsPaid" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DividendsPaid-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DividendsPaid</link:label>
    <link:label xlink:label="ifrs-full_DividendsPaid-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividends paid on common shares</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPaid" xlink:to="ifrs-full_DividendsPaid-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IssueOfEquity" xlink:label="ifrs-full_IssueOfEquity" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IssueOfEquity-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issued during the period</link:label>
    <link:label xlink:label="ifrs-full_IssueOfEquity-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issue of equity</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssueOfEquity" xlink:to="ifrs-full_IssueOfEquity-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:label="ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForIncomeTaxExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income tax provision</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:to="ifrs-full_AdjustmentsForIncomeTaxExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks</link:label>
    <link:label xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks" xlink:to="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AccountingEstimatesDomain" xlink:label="ifrs-full_AccountingEstimatesDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AccountingEstimatesDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting estimates [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccountingEstimatesDomain" xlink:to="ifrs-full_AccountingEstimatesDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForInterestIncome" xlink:label="ifrs-full_AdjustmentsForInterestIncome" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForInterestIncome-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AdjustmentsForInterestIncome</link:label>
    <link:label xlink:label="ifrs-full_AdjustmentsForInterestIncome-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForInterestIncome" xlink:to="ifrs-full_AdjustmentsForInterestIncome-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_GovernmentOfCanadaBondMember" xlink:label="versb_GovernmentOfCanadaBondMember" xlink:type="locator"/>
    <link:label xlink:label="versb_GovernmentOfCanadaBondMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Government of Canada Bond [Member]</link:label>
    <link:label xlink:label="versb_GovernmentOfCanadaBondMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Relating to Government of Canada Bond</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_GovernmentOfCanadaBondMember" xlink:to="versb_GovernmentOfCanadaBondMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForInterestExpense" xlink:label="ifrs-full_AdjustmentsForInterestExpense" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForInterestExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest expense</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForInterestExpense" xlink:to="ifrs-full_AdjustmentsForInterestExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DescriptionOfManagingLiquidityRisk" xlink:label="ifrs-full_DescriptionOfManagingLiquidityRisk" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DescriptionOfManagingLiquidityRisk-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of how entity manages liquidity risk [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfManagingLiquidityRisk" xlink:to="ifrs-full_DescriptionOfManagingLiquidityRisk-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForProvisions" xlink:label="ifrs-full_AdjustmentsForProvisions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForProvisions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for credit losses</link:label>
    <link:label xlink:label="ifrs-full_AdjustmentsForProvisions-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provision for (recovery of) credit losses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForProvisions" xlink:to="ifrs-full_AdjustmentsForProvisions-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForSharebasedPayments" xlink:label="ifrs-full_AdjustmentsForSharebasedPayments" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForSharebasedPayments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock-based compensation</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForSharebasedPayments" xlink:to="ifrs-full_AdjustmentsForSharebasedPayments-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EquityAndLiabilities" xlink:label="ifrs-full_EquityAndLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EquityAndLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_EquityAndLiabilities</link:label>
    <link:label xlink:label="ifrs-full_EquityAndLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Equity and liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAndLiabilities" xlink:to="ifrs-full_EquityAndLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains" xlink:label="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange rate change on assets and liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains" xlink:to="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments to determine net cash flows:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:to="ifrs-full_AdjustmentsForReconcileProfitLossAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TradeAndOtherPayables" xlink:label="ifrs-full_TradeAndOtherPayables" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TradeAndOtherPayables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts payable and other</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherPayables" xlink:to="ifrs-full_TradeAndOtherPayables-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_VersafinanceUsCorpMember" xlink:label="versb_VersafinanceUsCorpMember" xlink:type="locator"/>
    <link:label xlink:label="versb_VersafinanceUsCorpMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">VersaFinance US Corp [member]</link:label>
    <link:label xlink:label="versb_VersafinanceUsCorpMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information pertaining to VersaFinance US Corp.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_VersafinanceUsCorpMember" xlink:to="versb_VersafinanceUsCorpMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory" xlink:label="ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fair value of financial instruments [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory" xlink:to="ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RetainedEarnings" xlink:label="ifrs-full_RetainedEarnings" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_RetainedEarnings-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Retained earnings</link:label>
    <link:label xlink:label="ifrs-full_RetainedEarnings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained earnings</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetainedEarnings" xlink:to="ifrs-full_RetainedEarnings-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IssuedCapital" xlink:label="ifrs-full_IssuedCapital" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IssuedCapital-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Directly issued capital instruments</link:label>
    <link:label xlink:label="ifrs-full_IssuedCapital-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share capital (note 9)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapital" xlink:to="ifrs-full_IssuedCapital-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AssetsAndLiabilitiesDomain" xlink:label="ifrs-full_AssetsAndLiabilitiesDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AssetsAndLiabilitiesDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets and liabilities [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAndLiabilitiesDomain" xlink:to="ifrs-full_AssetsAndLiabilitiesDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_StatementOfFinancialPositionAbstract" xlink:label="ifrs-full_StatementOfFinancialPositionAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_StatementOfFinancialPositionAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of financial position [abstract]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfFinancialPositionAbstract" xlink:to="ifrs-full_StatementOfFinancialPositionAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AtFairValueMember" xlink:label="ifrs-full_AtFairValueMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AtFairValueMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">At fair value [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AtFairValueMember" xlink:to="ifrs-full_AtFairValueMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_GainLossOnHedgeEffectivenessRecognisedInOtherComprehensiveIncome" xlink:label="versb_GainLossOnHedgeEffectivenessRecognisedInOtherComprehensiveIncome" xlink:type="locator"/>
    <link:label xlink:label="versb_GainLossOnHedgeEffectivenessRecognisedInOtherComprehensiveIncome-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_GainLossOnHedgeEffectivenessRecognisedInOtherComprehensiveIncome</link:label>
    <link:label xlink:label="versb_GainLossOnHedgeEffectivenessRecognisedInOtherComprehensiveIncome-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain loss on hedge effectiveness recognised in other comprehensive income</link:label>
    <link:label xlink:label="versb_GainLossOnHedgeEffectivenessRecognisedInOtherComprehensiveIncome-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The gain (loss) recognised in other comprehensive income on hedge effectiveness.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_GainLossOnHedgeEffectivenessRecognisedInOtherComprehensiveIncome" xlink:to="versb_GainLossOnHedgeEffectivenessRecognisedInOtherComprehensiveIncome-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EquityAbstract" xlink:label="ifrs-full_EquityAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EquityAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shareholders' equity:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAbstract" xlink:to="ifrs-full_EquityAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EquityAndLiabilitiesAbstract" xlink:label="ifrs-full_EquityAndLiabilitiesAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EquityAndLiabilitiesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities and Shareholders' Equity</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAndLiabilitiesAbstract" xlink:to="ifrs-full_EquityAndLiabilitiesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_IncreaseInNumberOfSharesOutstandingIssueOfEquity" xlink:label="versb_IncreaseInNumberOfSharesOutstandingIssueOfEquity" xlink:type="locator"/>
    <link:label xlink:label="versb_IncreaseInNumberOfSharesOutstandingIssueOfEquity-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_IncreaseInNumberOfSharesOutstandingIssueOfEquity</link:label>
    <link:label xlink:label="versb_IncreaseInNumberOfSharesOutstandingIssueOfEquity-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase in number of shares outstanding, issue of equity (in shares)</link:label>
    <link:label xlink:label="versb_IncreaseInNumberOfSharesOutstandingIssueOfEquity-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase in the number of shares outstanding from issue of equity.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_IncreaseInNumberOfSharesOutstandingIssueOfEquity" xlink:to="versb_IncreaseInNumberOfSharesOutstandingIssueOfEquity-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BorrowingsByNameDomain" xlink:label="ifrs-full_BorrowingsByNameDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_BorrowingsByNameDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings by name [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsByNameDomain" xlink:to="ifrs-full_BorrowingsByNameDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_IssueOfEquityPricePerShare" xlink:label="versb_IssueOfEquityPricePerShare" xlink:type="locator"/>
    <link:label xlink:label="versb_IssueOfEquityPricePerShare-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_IssueOfEquityPricePerShare</link:label>
    <link:label xlink:label="versb_IssueOfEquityPricePerShare-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issue of equity, price per share (in dollars per share)</link:label>
    <link:label xlink:label="versb_IssueOfEquityPricePerShare-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Per share or per unit price of equity issued.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_IssueOfEquityPricePerShare" xlink:to="versb_IssueOfEquityPricePerShare-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CapitalRequirementsDomain" xlink:label="ifrs-full_CapitalRequirementsDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CapitalRequirementsDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital requirements [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CapitalRequirementsDomain" xlink:to="ifrs-full_CapitalRequirementsDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_PercentageOfBaseOffering" xlink:label="versb_PercentageOfBaseOffering" xlink:type="locator"/>
    <link:label xlink:label="versb_PercentageOfBaseOffering-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_PercentageOfBaseOffering</link:label>
    <link:label xlink:label="versb_PercentageOfBaseOffering-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of base offering</link:label>
    <link:label xlink:label="versb_PercentageOfBaseOffering-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of base offering.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_PercentageOfBaseOffering" xlink:to="versb_PercentageOfBaseOffering-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_MultifamilyResidentialLoansAndOtherMember" xlink:label="versb_MultifamilyResidentialLoansAndOtherMember" xlink:type="locator"/>
    <link:label xlink:label="versb_MultifamilyResidentialLoansAndOtherMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Multi-family residential loans and other [member]</link:label>
    <link:label xlink:label="versb_MultifamilyResidentialLoansAndOtherMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Multi-Family Residential Loans and Other.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_MultifamilyResidentialLoansAndOtherMember" xlink:to="versb_MultifamilyResidentialLoansAndOtherMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_ReceivablePurchaseProgramMember" xlink:label="versb_ReceivablePurchaseProgramMember" xlink:type="locator"/>
    <link:label xlink:label="versb_ReceivablePurchaseProgramMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivable purchase program [member]</link:label>
    <link:label xlink:label="versb_ReceivablePurchaseProgramMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Receivable purchase program.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_ReceivablePurchaseProgramMember" xlink:to="versb_ReceivablePurchaseProgramMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_DigitalMeteorMember" xlink:label="versb_DigitalMeteorMember" xlink:type="locator"/>
    <link:label xlink:label="versb_DigitalMeteorMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Digital Meteor [Member]</link:label>
    <link:label xlink:label="versb_DigitalMeteorMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Digital Meteor.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_DigitalMeteorMember" xlink:to="versb_DigitalMeteorMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_DerivativeLiabilitiesMember" xlink:label="versb_DerivativeLiabilitiesMember" xlink:type="locator"/>
    <link:label xlink:label="versb_DerivativeLiabilitiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative liabilities [member]</link:label>
    <link:label xlink:label="versb_DerivativeLiabilitiesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents derivative liabilities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_DerivativeLiabilitiesMember" xlink:to="versb_DerivativeLiabilitiesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_Stage3Member" xlink:label="versb_Stage3Member" xlink:type="locator"/>
    <link:label xlink:label="versb_Stage3Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stage 3 [member]</link:label>
    <link:label xlink:label="versb_Stage3Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents stage 3.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_Stage3Member" xlink:to="versb_Stage3Member-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_IssuedForOverAllotmentMember" xlink:label="versb_IssuedForOverAllotmentMember" xlink:type="locator"/>
    <link:label xlink:label="versb_IssuedForOverAllotmentMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issued for over allotment [member]</link:label>
    <link:label xlink:label="versb_IssuedForOverAllotmentMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents issued for over allotment.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_IssuedForOverAllotmentMember" xlink:to="versb_IssuedForOverAllotmentMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_DigitalBankingCanadaMember" xlink:label="versb_DigitalBankingCanadaMember" xlink:type="locator"/>
    <link:label xlink:label="versb_DigitalBankingCanadaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Digital Banking Canada [member]</link:label>
    <link:label xlink:label="versb_DigitalBankingCanadaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Relating to Digital Banking Canada.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_DigitalBankingCanadaMember" xlink:to="versb_DigitalBankingCanadaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_IssuedAsTreasuryOfferingMember" xlink:label="versb_IssuedAsTreasuryOfferingMember" xlink:type="locator"/>
    <link:label xlink:label="versb_IssuedAsTreasuryOfferingMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issued as treasury offering [member]</link:label>
    <link:label xlink:label="versb_IssuedAsTreasuryOfferingMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents issued as treasury offering.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_IssuedAsTreasuryOfferingMember" xlink:to="versb_IssuedAsTreasuryOfferingMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_DigitalBankingUsaMember" xlink:label="versb_DigitalBankingUsaMember" xlink:type="locator"/>
    <link:label xlink:label="versb_DigitalBankingUsaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Digital Banking USA [member]</link:label>
    <link:label xlink:label="versb_DigitalBankingUsaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Relating to Digital Banking USA.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_DigitalBankingUsaMember" xlink:to="versb_DigitalBankingUsaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CategoriesOfFinancialAssetsDomain" xlink:label="ifrs-full_CategoriesOfFinancialAssetsDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CategoriesOfFinancialAssetsDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of financial assets [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfFinancialAssetsDomain" xlink:to="ifrs-full_CategoriesOfFinancialAssetsDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:label="ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CategoriesOfRelatedPartiesDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of related parties [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:to="ifrs-full_CategoriesOfRelatedPartiesDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfFinancialAssetsDomain" xlink:label="ifrs-full_ClassesOfFinancialAssetsDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfFinancialAssetsDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial assets [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialAssetsDomain" xlink:to="ifrs-full_ClassesOfFinancialAssetsDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_ConsiderationFromDisposalOfInvestmentInAssociate" xlink:label="versb_ConsiderationFromDisposalOfInvestmentInAssociate" xlink:type="locator"/>
    <link:label xlink:label="versb_ConsiderationFromDisposalOfInvestmentInAssociate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_ConsiderationFromDisposalOfInvestmentInAssociate</link:label>
    <link:label xlink:label="versb_ConsiderationFromDisposalOfInvestmentInAssociate-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consideration from disposal of investment in associate</link:label>
    <link:label xlink:label="versb_ConsiderationFromDisposalOfInvestmentInAssociate-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of cash consideration from the disposal of investment in associate.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_ConsiderationFromDisposalOfInvestmentInAssociate" xlink:to="versb_ConsiderationFromDisposalOfInvestmentInAssociate-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:label="ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfFinancialLiabilitiesDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial liabilities [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:to="ifrs-full_ClassesOfFinancialLiabilitiesDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfFinancialInstrumentsDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial instruments [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:to="ifrs-full_ClassesOfFinancialInstrumentsDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfAssetsDomain" xlink:label="ifrs-full_ClassesOfAssetsDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfAssetsDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of assets [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfAssetsDomain" xlink:to="ifrs-full_ClassesOfAssetsDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_ProceedsFromDisposalOfShares" xlink:label="versb_ProceedsFromDisposalOfShares" xlink:type="locator"/>
    <link:label xlink:label="versb_ProceedsFromDisposalOfShares-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_ProceedsFromDisposalOfShares</link:label>
    <link:label xlink:label="versb_ProceedsFromDisposalOfShares-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Disposal of Stablecorp shares</link:label>
    <link:label xlink:label="versb_ProceedsFromDisposalOfShares-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The proceeds from the disposal of shares.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_ProceedsFromDisposalOfShares" xlink:to="versb_ProceedsFromDisposalOfShares-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_StrategicDivestureTextBlock" xlink:label="versb_StrategicDivestureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="versb_StrategicDivestureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Strategic divesture [text block]</link:label>
    <link:label xlink:label="versb_StrategicDivestureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure for the strategic divesture.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_StrategicDivestureTextBlock" xlink:to="versb_StrategicDivestureTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfOtherProvisionsDomain" xlink:label="ifrs-full_ClassesOfOtherProvisionsDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfOtherProvisionsDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of other provisions [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfOtherProvisionsDomain" xlink:to="ifrs-full_ClassesOfOtherProvisionsDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Level3OfFairValueHierarchyMember" xlink:label="ifrs-full_Level3OfFairValueHierarchyMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_Level3OfFairValueHierarchyMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 3 of fair value hierarchy [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level3OfFairValueHierarchyMember" xlink:to="ifrs-full_Level3OfFairValueHierarchyMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfShareCapitalDomain" xlink:label="ifrs-full_ClassesOfShareCapitalDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfShareCapitalDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of share capital [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfShareCapitalDomain" xlink:to="ifrs-full_ClassesOfShareCapitalDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfOrdinarySharesDomain" xlink:label="ifrs-full_ClassesOfOrdinarySharesDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfOrdinarySharesDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of ordinary shares [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfOrdinarySharesDomain" xlink:to="ifrs-full_ClassesOfOrdinarySharesDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Level2OfFairValueHierarchyMember" xlink:label="ifrs-full_Level2OfFairValueHierarchyMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_Level2OfFairValueHierarchyMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 2 of fair value hierarchy [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level2OfFairValueHierarchyMember" xlink:to="ifrs-full_Level2OfFairValueHierarchyMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Level1OfFairValueHierarchyMember" xlink:label="ifrs-full_Level1OfFairValueHierarchyMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_Level1OfFairValueHierarchyMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 1 of fair value hierarchy [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level1OfFairValueHierarchyMember" xlink:to="ifrs-full_Level1OfFairValueHierarchyMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effect of exchange rate changes on cash</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:to="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfFinancialAssetsExplanatory" xlink:label="ifrs-full_DisclosureOfFinancialAssetsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfFinancialAssetsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialAssetsExplanatory" xlink:to="ifrs-full_DisclosureOfFinancialAssetsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EarningsPerShareExplanatory" xlink:label="ifrs-full_EarningsPerShareExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EarningsPerShareExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings per share [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EarningsPerShareExplanatory" xlink:to="ifrs-full_EarningsPerShareExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_ConversionOfPreferredSharesIntoCommonSharesMember" xlink:label="versb_ConversionOfPreferredSharesIntoCommonSharesMember" xlink:type="locator"/>
    <link:label xlink:label="versb_ConversionOfPreferredSharesIntoCommonSharesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Conversion of preferred shares into common shares [member]</link:label>
    <link:label xlink:label="versb_ConversionOfPreferredSharesIntoCommonSharesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the conversion of preferred share into common stock.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_ConversionOfPreferredSharesIntoCommonSharesMember" xlink:to="versb_ConversionOfPreferredSharesIntoCommonSharesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_ConversionOfSharesPercentOfOwnershipFromConversion" xlink:label="versb_ConversionOfSharesPercentOfOwnershipFromConversion" xlink:type="locator"/>
    <link:label xlink:label="versb_ConversionOfSharesPercentOfOwnershipFromConversion-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_ConversionOfSharesPercentOfOwnershipFromConversion</link:label>
    <link:label xlink:label="versb_ConversionOfSharesPercentOfOwnershipFromConversion-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Conversion of shares, percent of ownership from conversion</link:label>
    <link:label xlink:label="versb_ConversionOfSharesPercentOfOwnershipFromConversion-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The percentage of ownership resulting from the conversion of shares.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_ConversionOfSharesPercentOfOwnershipFromConversion" xlink:to="versb_ConversionOfSharesPercentOfOwnershipFromConversion-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ComponentsOfEquityDomain" xlink:label="ifrs-full_ComponentsOfEquityDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ComponentsOfEquityDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components of equity [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfEquityDomain" xlink:to="ifrs-full_ComponentsOfEquityDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain" xlink:label="ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit impairment of financial instruments [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain" xlink:to="ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Income tax provision</link:label>
    <link:label xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income tax provision (note 10)</link:label>
    <link:label xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax expense (income)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="ifrs-full_IncomeTaxExpenseContinuingOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeOtherProvisions" xlink:label="versb_IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeOtherProvisions" xlink:type="locator"/>
    <link:label xlink:label="versb_IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeOtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derecognitions and maturities</link:label>
    <link:label xlink:label="versb_IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeOtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in other provisions through adjustments arising from the passage of time.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeOtherProvisions" xlink:to="versb_IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeOtherProvisions-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncomeStatementAbstract" xlink:label="ifrs-full_IncomeStatementAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncomeStatementAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit or loss [abstract]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeStatementAbstract" xlink:to="ifrs-full_IncomeStatementAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_IncreaseDecreaseThroughTransfersInOutOfStage1OtherProvisions" xlink:label="versb_IncreaseDecreaseThroughTransfersInOutOfStage1OtherProvisions" xlink:type="locator"/>
    <link:label xlink:label="versb_IncreaseDecreaseThroughTransfersInOutOfStage1OtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfer in (out) to Stage 1</link:label>
    <link:label xlink:label="versb_IncreaseDecreaseThroughTransfersInOutOfStage1OtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in other provisions resulting from transfers into and out of stage 1. [Refer: Other provisions].</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_IncreaseDecreaseThroughTransfersInOutOfStage1OtherProvisions" xlink:to="versb_IncreaseDecreaseThroughTransfersInOutOfStage1OtherProvisions-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_IncreaseDecreaseThroughTransfersInOutOfStage3OtherProvisions" xlink:label="versb_IncreaseDecreaseThroughTransfersInOutOfStage3OtherProvisions" xlink:type="locator"/>
    <link:label xlink:label="versb_IncreaseDecreaseThroughTransfersInOutOfStage3OtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfer in (out) to Stage 3</link:label>
    <link:label xlink:label="versb_IncreaseDecreaseThroughTransfersInOutOfStage3OtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in other provisions resulting from transfers into and out of stage 1. [Refer: Other provisions].</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_IncreaseDecreaseThroughTransfersInOutOfStage3OtherProvisions" xlink:to="versb_IncreaseDecreaseThroughTransfersInOutOfStage3OtherProvisions-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges</link:label>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Change in cash</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:to="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_ValueFromTheExerciseOfOptions" xlink:label="versb_ValueFromTheExerciseOfOptions" xlink:type="locator"/>
    <link:label xlink:label="versb_ValueFromTheExerciseOfOptions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_ValueFromTheExerciseOfOptions</link:label>
    <link:label xlink:label="versb_ValueFromTheExerciseOfOptions-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Value From The Exercise Of Options</link:label>
    <link:label xlink:label="versb_ValueFromTheExerciseOfOptions-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The value of the options that were exercised in the period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_ValueFromTheExerciseOfOptions" xlink:to="versb_ValueFromTheExerciseOfOptions-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_IncreaseDecreaseThroughTransfersInOutOfStage2OtherProvisions" xlink:label="versb_IncreaseDecreaseThroughTransfersInOutOfStage2OtherProvisions" xlink:type="locator"/>
    <link:label xlink:label="versb_IncreaseDecreaseThroughTransfersInOutOfStage2OtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfer in (out) to Stage 2</link:label>
    <link:label xlink:label="versb_IncreaseDecreaseThroughTransfersInOutOfStage2OtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in other provisions resulting from transfers into and out of stage 2. [Refer: Other provisions].</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_IncreaseDecreaseThroughTransfersInOutOfStage2OtherProvisions" xlink:to="versb_IncreaseDecreaseThroughTransfersInOutOfStage2OtherProvisions-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:label="ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AmountsReceivableRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_AmountsReceivableRelatedPartyTransactions</link:label>
    <link:label xlink:label="ifrs-full_AmountsReceivableRelatedPartyTransactions-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amounts receivable, related party transactions</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:to="ifrs-full_AmountsReceivableRelatedPartyTransactions-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FX Impact</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" xlink:to="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestReceivable" xlink:label="ifrs-full_InterestReceivable" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InterestReceivable-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accrued interest</link:label>
    <link:label xlink:label="ifrs-full_InterestReceivable-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_InterestReceivable</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestReceivable" xlink:to="ifrs-full_InterestReceivable-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net remeasurement of loss allowance</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InvestmentsInAssociates" xlink:label="ifrs-full_InvestmentsInAssociates" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InvestmentsInAssociates-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment (note 6a)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInAssociates" xlink:to="ifrs-full_InvestmentsInAssociates-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProvisionUsedOtherProvisions" xlink:label="ifrs-full_ProvisionUsedOtherProvisions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProvisionUsedOtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ProvisionUsedOtherProvisions</link:label>
    <link:label xlink:label="ifrs-full_ProvisionUsedOtherProvisions-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Write-offs</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProvisionUsedOtherProvisions" xlink:to="ifrs-full_ProvisionUsedOtherProvisions-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_UsTreasuryBillsMember" xlink:label="versb_UsTreasuryBillsMember" xlink:type="locator"/>
    <link:label xlink:label="versb_UsTreasuryBillsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">US Treasury Bills [Member]</link:label>
    <link:label xlink:label="versb_UsTreasuryBillsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Relating to US Treasury Bills.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_UsTreasuryBillsMember" xlink:to="versb_UsTreasuryBillsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherAssets" xlink:label="ifrs-full_OtherAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other assets (note 6)</link:label>
    <link:label xlink:label="ifrs-full_OtherAssets-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Other assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAssets" xlink:to="ifrs-full_OtherAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SensitivityAnalysisForEachTypeOfMarketRisk" xlink:label="ifrs-full_SensitivityAnalysisForEachTypeOfMarketRisk" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_SensitivityAnalysisForEachTypeOfMarketRisk-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sensitivity analysis for types of market risk [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SensitivityAnalysisForEachTypeOfMarketRisk" xlink:to="ifrs-full_SensitivityAnalysisForEachTypeOfMarketRisk-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SubordinatedLiabilities" xlink:label="ifrs-full_SubordinatedLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_SubordinatedLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_SubordinatedLiabilities</link:label>
    <link:label xlink:label="ifrs-full_SubordinatedLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subordinated liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SubordinatedLiabilities" xlink:to="ifrs-full_SubordinatedLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherLiabilities" xlink:label="ifrs-full_OtherLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other liabilities (note 8)</link:label>
    <link:label xlink:label="ifrs-full_OtherLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Other liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherLiabilities" xlink:to="ifrs-full_OtherLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsExplanatory" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsExplanatory" xlink:to="ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" xlink:label="ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss</link:label>
    <link:label xlink:label="ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (loss) on hedge ineffectiveness recognised in profit or loss</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" xlink:to="ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_ProceedsFromPurchaseOfSecuritiesClassifiedAsInvestingActivities" xlink:label="versb_ProceedsFromPurchaseOfSecuritiesClassifiedAsInvestingActivities" xlink:type="locator"/>
    <link:label xlink:label="versb_ProceedsFromPurchaseOfSecuritiesClassifiedAsInvestingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_ProceedsFromPurchaseOfSecuritiesClassifiedAsInvestingActivities</link:label>
    <link:label xlink:label="versb_ProceedsFromPurchaseOfSecuritiesClassifiedAsInvestingActivities-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Sale (purchase) of securities</link:label>
    <link:label xlink:label="versb_ProceedsFromPurchaseOfSecuritiesClassifiedAsInvestingActivities-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds from sale or purchase of securities classified as investing activities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_ProceedsFromPurchaseOfSecuritiesClassifiedAsInvestingActivities" xlink:to="versb_ProceedsFromPurchaseOfSecuritiesClassifiedAsInvestingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherAssetsMember" xlink:label="ifrs-full_OtherAssetsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherAssetsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other assets [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAssetsMember" xlink:to="ifrs-full_OtherAssetsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BasicEarningsLossPerShare" xlink:label="ifrs-full_BasicEarningsLossPerShare" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_BasicEarningsLossPerShare-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basic and diluted income per common share (note 11) (in CAD per share)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BasicEarningsLossPerShare" xlink:to="ifrs-full_BasicEarningsLossPerShare-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OrdinarySharesMember" xlink:label="ifrs-full_OrdinarySharesMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OrdinarySharesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ordinary shares [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OrdinarySharesMember" xlink:to="ifrs-full_OrdinarySharesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfOrdinarySharesAxis" xlink:label="ifrs-full_ClassesOfOrdinarySharesAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfOrdinarySharesAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of ordinary shares [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfOrdinarySharesAxis" xlink:to="ifrs-full_ClassesOfOrdinarySharesAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EmployeeBenefitsExpense" xlink:label="ifrs-full_EmployeeBenefitsExpense" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_EmployeeBenefitsExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Salaries and benefits</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EmployeeBenefitsExpense" xlink:to="ifrs-full_EmployeeBenefitsExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_SharesIssuedFromStockOptionExercises" xlink:label="versb_SharesIssuedFromStockOptionExercises" xlink:type="locator"/>
    <link:label xlink:label="versb_SharesIssuedFromStockOptionExercises-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_SharesIssuedFromStockOptionExercises</link:label>
    <link:label xlink:label="versb_SharesIssuedFromStockOptionExercises-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares issued from stock option exercises (in shares)</link:label>
    <link:label xlink:label="versb_SharesIssuedFromStockOptionExercises-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the number of shares issued from stock option exercises during the period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_SharesIssuedFromStockOptionExercises" xlink:to="versb_SharesIssuedFromStockOptionExercises-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ForwardContractMember" xlink:label="ifrs-full_ForwardContractMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ForwardContractMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forward contract [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ForwardContractMember" xlink:to="ifrs-full_ForwardContractMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestRateSwapContractMember" xlink:label="ifrs-full_InterestRateSwapContractMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InterestRateSwapContractMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest rate swap contract [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestRateSwapContractMember" xlink:to="ifrs-full_InterestRateSwapContractMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrencySwapContractMember" xlink:label="ifrs-full_CurrencySwapContractMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrencySwapContractMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency swap contract [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrencySwapContractMember" xlink:to="ifrs-full_CurrencySwapContractMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherComprehensiveIncomeAbstract" xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income (loss):</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeAbstract" xlink:to="ifrs-full_OtherComprehensiveIncomeAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_SatisfactoryGradeLoansMember" xlink:label="versb_SatisfactoryGradeLoansMember" xlink:type="locator"/>
    <link:label xlink:label="versb_SatisfactoryGradeLoansMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Satisfactory Grade Loans [Member]</link:label>
    <link:label xlink:label="versb_SatisfactoryGradeLoansMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Relating to satisfactory graded loans.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_SatisfactoryGradeLoansMember" xlink:to="versb_SatisfactoryGradeLoansMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_PercentageOfLendingAssets" xlink:label="versb_PercentageOfLendingAssets" xlink:type="locator"/>
    <link:label xlink:label="versb_PercentageOfLendingAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_PercentageOfLendingAssets</link:label>
    <link:label xlink:label="versb_PercentageOfLendingAssets-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of Lending Assets</link:label>
    <link:label xlink:label="versb_PercentageOfLendingAssets-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the percentage of landing assets.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_PercentageOfLendingAssets" xlink:to="versb_PercentageOfLendingAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DerivativesMember" xlink:label="ifrs-full_DerivativesMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DerivativesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivatives [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativesMember" xlink:to="ifrs-full_DerivativesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LoansAndAdvances" xlink:label="ifrs-full_LoansAndAdvances" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LoansAndAdvances-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit assets, net of allowance for credit losses (note 5)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LoansAndAdvances" xlink:to="ifrs-full_LoansAndAdvances-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_AdjustmentsForAccretionOfDiscountOnSecurities" xlink:label="versb_AdjustmentsForAccretionOfDiscountOnSecurities" xlink:type="locator"/>
    <link:label xlink:label="versb_AdjustmentsForAccretionOfDiscountOnSecurities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accretion of discount on securities</link:label>
    <link:label xlink:label="versb_AdjustmentsForAccretionOfDiscountOnSecurities-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments for accretion of discount on securities to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_AdjustmentsForAccretionOfDiscountOnSecurities" xlink:to="versb_AdjustmentsForAccretionOfDiscountOnSecurities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:label="ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LevelsOfFairValueHierarchyDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Levels of fair value hierarchy [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:to="ifrs-full_LevelsOfFairValueHierarchyDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfAssetsAxis" xlink:label="ifrs-full_ClassesOfAssetsAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfAssetsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of assets [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfAssetsAxis" xlink:to="ifrs-full_ClassesOfAssetsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ReserveOfCashFlowHedges" xlink:label="ifrs-full_ReserveOfCashFlowHedges" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ReserveOfCashFlowHedges-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ReserveOfCashFlowHedges</link:label>
    <link:label xlink:label="ifrs-full_ReserveOfCashFlowHedges-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reserve of cash flow hedges</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReserveOfCashFlowHedges" xlink:to="ifrs-full_ReserveOfCashFlowHedges-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_SecuritiesMember" xlink:label="versb_SecuritiesMember" xlink:type="locator"/>
    <link:label xlink:label="versb_SecuritiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securities [member]</link:label>
    <link:label xlink:label="versb_SecuritiesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for securities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_SecuritiesMember" xlink:to="versb_SecuritiesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_MeasurementDomain" xlink:label="ifrs-full_MeasurementDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_MeasurementDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Measurement [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MeasurementDomain" xlink:to="ifrs-full_MeasurementDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ReductionOfIssuedCapital" xlink:label="ifrs-full_ReductionOfIssuedCapital" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ReductionOfIssuedCapital-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ReductionOfIssuedCapital</link:label>
    <link:label xlink:label="ifrs-full_ReductionOfIssuedCapital-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reduction of issued capital</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReductionOfIssuedCapital" xlink:to="ifrs-full_ReductionOfIssuedCapital-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_StatementOfCashFlowsAbstract" xlink:label="ifrs-full_StatementOfCashFlowsAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_StatementOfCashFlowsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of cash flows [abstract]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfCashFlowsAbstract" xlink:to="ifrs-full_StatementOfCashFlowsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfFinancialAssetsAxis" xlink:label="ifrs-full_ClassesOfFinancialAssetsAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfFinancialAssetsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial assets [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialAssetsAxis" xlink:to="ifrs-full_ClassesOfFinancialAssetsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ShareIssueRelatedCost" xlink:label="ifrs-full_ShareIssueRelatedCost" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ShareIssueRelatedCost-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Share issue cost adjustment</link:label>
    <link:label xlink:label="ifrs-full_ShareIssueRelatedCost-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ShareIssueRelatedCost</link:label>
    <link:label xlink:label="ifrs-full_ShareIssueRelatedCost-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share issue related cost</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareIssueRelatedCost" xlink:to="ifrs-full_ShareIssueRelatedCost-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial instruments [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:to="ifrs-full_ClassesOfFinancialInstrumentsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LoanCommitmentsMember" xlink:label="ifrs-full_LoanCommitmentsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LoanCommitmentsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan commitments [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LoanCommitmentsMember" xlink:to="ifrs-full_LoanCommitmentsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_StatementOfChangesInEquityAbstract" xlink:label="ifrs-full_StatementOfChangesInEquityAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_StatementOfChangesInEquityAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [abstract]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfChangesInEquityAbstract" xlink:to="ifrs-full_StatementOfChangesInEquityAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodDomain" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-adjusting events after reporting period [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonadjustingEventsAfterReportingPeriodDomain" xlink:to="ifrs-full_NonadjustingEventsAfterReportingPeriodDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GeneralAndAdministrativeExpense" xlink:label="ifrs-full_GeneralAndAdministrativeExpense" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_GeneralAndAdministrativeExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">General and administrative</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GeneralAndAdministrativeExpense" xlink:to="ifrs-full_GeneralAndAdministrativeExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:label="ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfFinancialLiabilitiesAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial liabilities [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:to="ifrs-full_ClassesOfFinancialLiabilitiesAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestExpenseOnBorrowings" xlink:label="ifrs-full_InterestExpenseOnBorrowings" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InterestExpenseOnBorrowings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subordinated notes</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseOnBorrowings" xlink:to="ifrs-full_InterestExpenseOnBorrowings-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestRateRiskMember" xlink:label="ifrs-full_InterestRateRiskMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InterestRateRiskMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest rate risk [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestRateRiskMember" xlink:to="ifrs-full_InterestRateRiskMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestExpenseOnDepositsFromBanks" xlink:label="ifrs-full_InterestExpenseOnDepositsFromBanks" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InterestExpenseOnDepositsFromBanks-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposits and other</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseOnDepositsFromBanks" xlink:to="ifrs-full_InterestExpenseOnDepositsFromBanks-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossAssets" xlink:label="versb_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossAssets" xlink:type="locator"/>
    <link:label xlink:label="versb_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impairment of assets</link:label>
    <link:label xlink:label="versb_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossAssets-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments for impairment loss (reversal of impairment loss) on assets recognised in profit or loss to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossAssets" xlink:to="versb_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestExpense" xlink:label="ifrs-full_InterestExpense" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InterestExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_InterestExpense</link:label>
    <link:label xlink:label="ifrs-full_InterestExpense-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Interest expense</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpense" xlink:to="ifrs-full_InterestExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TypesOfRisksAxis" xlink:label="ifrs-full_TypesOfRisksAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TypesOfRisksAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of risks [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfRisksAxis" xlink:to="ifrs-full_TypesOfRisksAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherProvisions" xlink:label="ifrs-full_OtherProvisions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">ECL allowance</link:label>
    <link:label xlink:label="ifrs-full_OtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance for expected credit losses</link:label>
    <link:label xlink:label="ifrs-full_OtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other provisions</link:label>
    <link:label xlink:label="ifrs-full_OtherProvisions-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Allowance for credit losses</link:label>
    <link:label xlink:label="ifrs-full_OtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance</link:label>
    <link:label xlink:label="ifrs-full_OtherProvisions-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherProvisions" xlink:to="ifrs-full_OtherProvisions-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherReversalsOfProvisions" xlink:label="ifrs-full_OtherReversalsOfProvisions" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherReversalsOfProvisions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Recoveries</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherReversalsOfProvisions" xlink:to="ifrs-full_OtherReversalsOfProvisions-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory" xlink:label="ifrs-full_DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of basis of preparation of financial statements [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory" xlink:to="ifrs-full_DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_InterestIncomeAbstract" xlink:label="versb_InterestIncomeAbstract" xlink:type="locator"/>
    <link:label xlink:label="versb_InterestIncomeAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest income:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_InterestIncomeAbstract" xlink:to="versb_InterestIncomeAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_NoninterestExpensesAbstract" xlink:label="versb_NoninterestExpensesAbstract" xlink:type="locator"/>
    <link:label xlink:label="versb_NoninterestExpensesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-interest expenses:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_NoninterestExpensesAbstract" xlink:to="versb_NoninterestExpensesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_InterestExpenseIFRSAbstract" xlink:label="versb_InterestExpenseIFRSAbstract" xlink:type="locator"/>
    <link:label xlink:label="versb_InterestExpenseIFRSAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest expense:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_InterestExpenseIFRSAbstract" xlink:to="versb_InterestExpenseIFRSAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SegmentsDomain" xlink:label="ifrs-full_SegmentsDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_SegmentsDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentsDomain" xlink:to="ifrs-full_SegmentsDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_IncreaseDecreaseInAllowanceAccountForCreditLossesOfLoans" xlink:label="versb_IncreaseDecreaseInAllowanceAccountForCreditLossesOfLoans" xlink:type="locator"/>
    <link:label xlink:label="versb_IncreaseDecreaseInAllowanceAccountForCreditLossesOfLoans-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for credit losses (note 5)</link:label>
    <link:label xlink:label="versb_IncreaseDecreaseInAllowanceAccountForCreditLossesOfLoans-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provision for (recovery of) credit losses</link:label>
    <link:label xlink:label="versb_IncreaseDecreaseInAllowanceAccountForCreditLossesOfLoans-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of increase (decrease) in allowance account for credit losses of loans.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_IncreaseDecreaseInAllowanceAccountForCreditLossesOfLoans" xlink:to="versb_IncreaseDecreaseInAllowanceAccountForCreditLossesOfLoans-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_NumberOfSharesTraded" xlink:label="versb_NumberOfSharesTraded" xlink:type="locator"/>
    <link:label xlink:label="versb_NumberOfSharesTraded-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_NumberOfSharesTraded</link:label>
    <link:label xlink:label="versb_NumberOfSharesTraded-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares traded (in shares)</link:label>
    <link:label xlink:label="versb_NumberOfSharesTraded-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of shares traded on exchange system.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_NumberOfSharesTraded" xlink:to="versb_NumberOfSharesTraded-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SegmentConsolidationItemsDomain" xlink:label="ifrs-full_SegmentConsolidationItemsDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_SegmentConsolidationItemsDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment consolidation items [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentConsolidationItemsDomain" xlink:to="ifrs-full_SegmentConsolidationItemsDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_NoninterestIncomeIFRS" xlink:label="versb_NoninterestIncomeIFRS" xlink:type="locator"/>
    <link:label xlink:label="versb_NoninterestIncomeIFRS-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-interest income</link:label>
    <link:label xlink:label="versb_NoninterestIncomeIFRS-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-interest income</link:label>
    <link:label xlink:label="versb_NoninterestIncomeIFRS-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of noninterest income.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_NoninterestIncomeIFRS" xlink:to="versb_NoninterestIncomeIFRS-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_NoninterestExpenseIFRS" xlink:label="versb_NoninterestExpenseIFRS" xlink:type="locator"/>
    <link:label xlink:label="versb_NoninterestExpenseIFRS-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noninterest expense</link:label>
    <link:label xlink:label="versb_NoninterestExpenseIFRS-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Noninterest expense</link:label>
    <link:label xlink:label="versb_NoninterestExpenseIFRS-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of noninterest expense.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_NoninterestExpenseIFRS" xlink:to="versb_NoninterestExpenseIFRS-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_NumberOfSharesTradedOnTseSystem" xlink:label="versb_NumberOfSharesTradedOnTseSystem" xlink:type="locator"/>
    <link:label xlink:label="versb_NumberOfSharesTradedOnTseSystem-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_NumberOfSharesTradedOnTseSystem</link:label>
    <link:label xlink:label="versb_NumberOfSharesTradedOnTseSystem-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares traded on TSE system (in shares)</link:label>
    <link:label xlink:label="versb_NumberOfSharesTradedOnTseSystem-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of shares traded on Toronto Stock Exchange system.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_NumberOfSharesTradedOnTseSystem" xlink:to="versb_NumberOfSharesTradedOnTseSystem-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_MeasurementAxis" xlink:label="ifrs-full_MeasurementAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_MeasurementAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Measurement [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MeasurementAxis" xlink:to="ifrs-full_MeasurementAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_MaximumNumberOfSharesAllowedToBePurchasedForCancellation" xlink:label="versb_MaximumNumberOfSharesAllowedToBePurchasedForCancellation" xlink:type="locator"/>
    <link:label xlink:label="versb_MaximumNumberOfSharesAllowedToBePurchasedForCancellation-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_MaximumNumberOfSharesAllowedToBePurchasedForCancellation</link:label>
    <link:label xlink:label="versb_MaximumNumberOfSharesAllowedToBePurchasedForCancellation-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum number of shares allowed to be purchased for cancellation (in shares)</link:label>
    <link:label xlink:label="versb_MaximumNumberOfSharesAllowedToBePurchasedForCancellation-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The maximum number of shares allowed to be purchased for cancellation.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_MaximumNumberOfSharesAllowedToBePurchasedForCancellation" xlink:to="versb_MaximumNumberOfSharesAllowedToBePurchasedForCancellation-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RiskExposuresDomain" xlink:label="ifrs-full_RiskExposuresDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_RiskExposuresDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risk variables [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RiskExposuresDomain" xlink:to="ifrs-full_RiskExposuresDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_PercentOfPublicFloat" xlink:label="versb_PercentOfPublicFloat" xlink:type="locator"/>
    <link:label xlink:label="versb_PercentOfPublicFloat-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_PercentOfPublicFloat</link:label>
    <link:label xlink:label="versb_PercentOfPublicFloat-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percent of public float</link:label>
    <link:label xlink:label="versb_PercentOfPublicFloat-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents percentage of public float.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_PercentOfPublicFloat" xlink:to="versb_PercentOfPublicFloat-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_NumberOfSharesInPublicFloat" xlink:label="versb_NumberOfSharesInPublicFloat" xlink:type="locator"/>
    <link:label xlink:label="versb_NumberOfSharesInPublicFloat-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_NumberOfSharesInPublicFloat</link:label>
    <link:label xlink:label="versb_NumberOfSharesInPublicFloat-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares in public float (in shares)</link:label>
    <link:label xlink:label="versb_NumberOfSharesInPublicFloat-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of shares in public float.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_NumberOfSharesInPublicFloat" xlink:to="versb_NumberOfSharesInPublicFloat-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProvisionForCreditCommitmentsMember" xlink:label="ifrs-full_ProvisionForCreditCommitmentsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProvisionForCreditCommitmentsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for credit commitments [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProvisionForCreditCommitmentsMember" xlink:to="ifrs-full_ProvisionForCreditCommitmentsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_RevenueLessProvisionForCreditLoss" xlink:label="versb_RevenueLessProvisionForCreditLoss" xlink:type="locator"/>
    <link:label xlink:label="versb_RevenueLessProvisionForCreditLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_RevenueLessProvisionForCreditLoss</link:label>
    <link:label xlink:label="versb_RevenueLessProvisionForCreditLoss-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue less provision for credit loss</link:label>
    <link:label xlink:label="versb_RevenueLessProvisionForCreditLoss-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Revenue less provision for credit loss</link:label>
    <link:label xlink:label="versb_RevenueLessProvisionForCreditLoss-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The income arising in the course of an entity's ordinary activities, less the provision for credit loss.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_RevenueLessProvisionForCreditLoss" xlink:to="versb_RevenueLessProvisionForCreditLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_NumberOfSharesTradedOnAlternateExchangesAndTradingSystems" xlink:label="versb_NumberOfSharesTradedOnAlternateExchangesAndTradingSystems" xlink:type="locator"/>
    <link:label xlink:label="versb_NumberOfSharesTradedOnAlternateExchangesAndTradingSystems-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_NumberOfSharesTradedOnAlternateExchangesAndTradingSystems</link:label>
    <link:label xlink:label="versb_NumberOfSharesTradedOnAlternateExchangesAndTradingSystems-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares traded on alternate exchanges and trading systems (in shares)</link:label>
    <link:label xlink:label="versb_NumberOfSharesTradedOnAlternateExchangesAndTradingSystems-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of shares traded on alternate exchanges and trading systems.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_NumberOfSharesTradedOnAlternateExchangesAndTradingSystems" xlink:to="versb_NumberOfSharesTradedOnAlternateExchangesAndTradingSystems-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiaries [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:to="ifrs-full_SignificantInvestmentsInSubsidiariesDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SignificantInvestmentsInAssociatesDomain" xlink:label="ifrs-full_SignificantInvestmentsInAssociatesDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_SignificantInvestmentsInAssociatesDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Associates [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInAssociatesDomain" xlink:to="ifrs-full_SignificantInvestmentsInAssociatesDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfProvisionsAxis" xlink:label="ifrs-full_ClassesOfProvisionsAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfProvisionsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of other provisions [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfProvisionsAxis" xlink:to="ifrs-full_ClassesOfProvisionsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_AdjustmentsForIncreaseDecreaseInLoansAndReceivables" xlink:label="versb_AdjustmentsForIncreaseDecreaseInLoansAndReceivables" xlink:type="locator"/>
    <link:label xlink:label="versb_AdjustmentsForIncreaseDecreaseInLoansAndReceivables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit assets</link:label>
    <link:label xlink:label="versb_AdjustmentsForIncreaseDecreaseInLoansAndReceivables-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments for decrease (increase) in loans and receivables to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_AdjustmentsForIncreaseDecreaseInLoansAndReceivables" xlink:to="versb_AdjustmentsForIncreaseDecreaseInLoansAndReceivables-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfShareCapitalAxis" xlink:label="ifrs-full_ClassesOfShareCapitalAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ClassesOfShareCapitalAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of share capital [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfShareCapitalAxis" xlink:to="ifrs-full_ClassesOfShareCapitalAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_AdjustmentsForDecreaseIncreaseInOtherAssetsAndLiabilities" xlink:label="versb_AdjustmentsForDecreaseIncreaseInOtherAssetsAndLiabilities" xlink:type="locator"/>
    <link:label xlink:label="versb_AdjustmentsForDecreaseIncreaseInOtherAssetsAndLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change in other assets and liabilities</link:label>
    <link:label xlink:label="versb_AdjustmentsForDecreaseIncreaseInOtherAssetsAndLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments for decrease (increase) in other assets and liabilities to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_AdjustmentsForDecreaseIncreaseInOtherAssetsAndLiabilities" xlink:to="versb_AdjustmentsForDecreaseIncreaseInOtherAssetsAndLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:label="ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfBorrowingsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of borrowings [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:to="ifrs-full_DisclosureOfBorrowingsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TypesOfInterestRatesDomain" xlink:label="ifrs-full_TypesOfInterestRatesDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TypesOfInterestRatesDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of interest rates [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfInterestRatesDomain" xlink:to="ifrs-full_TypesOfInterestRatesDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_NumberOfOperatingSegments1" xlink:label="versb_NumberOfOperatingSegments1" xlink:type="locator"/>
    <link:label xlink:label="versb_NumberOfOperatingSegments1-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_NumberOfOperatingSegments1</link:label>
    <link:label xlink:label="versb_NumberOfOperatingSegments1-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of operating segments 1</link:label>
    <link:label xlink:label="versb_NumberOfOperatingSegments1-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of operating segments of the entity.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_NumberOfOperatingSegments1" xlink:to="versb_NumberOfOperatingSegments1-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RetainedEarningsMember" xlink:label="ifrs-full_RetainedEarningsMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_RetainedEarningsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained earnings [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetainedEarningsMember" xlink:to="ifrs-full_RetainedEarningsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TypesOfRisksDomain" xlink:label="ifrs-full_TypesOfRisksDomain" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TypesOfRisksDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of risks [domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfRisksDomain" xlink:to="ifrs-full_TypesOfRisksDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Revenue" xlink:label="ifrs-full_Revenue" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_Revenue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_Revenue</link:label>
    <link:label xlink:label="ifrs-full_Revenue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total revenue</link:label>
    <link:label xlink:label="ifrs-full_Revenue-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total revenue</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Revenue" xlink:to="ifrs-full_Revenue-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" xlink:label="ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Credit assets</link:label>
    <link:label xlink:label="ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" xlink:to="ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentInformationLineItems" xlink:label="dei_DocumentInformationLineItems" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentInformationLineItems-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Line Items]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentInformationLineItems" xlink:to="dei_DocumentInformationLineItems-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_CanadaStablecorpIncMember" xlink:label="versb_CanadaStablecorpIncmember" xlink:type="locator"/>
    <link:label xlink:label="versb_CanadaStablecorpIncmember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Canada Stablecorp Inc.[member]</link:label>
    <link:label xlink:label="versb_CanadaStablecorpIncmember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Canada Stablecorp Inc.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_CanadaStablecorpIncmember" xlink:to="versb_CanadaStablecorpIncmember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestIncomeOnOtherFinancialAssets" xlink:label="ifrs-full_InterestIncomeOnOtherFinancialAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_InterestIncomeOnOtherFinancialAssets-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label xlink:label="ifrs-full_InterestIncomeOnOtherFinancialAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_InterestIncomeOnOtherFinancialAssets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestIncomeOnOtherFinancialAssets" xlink:to="ifrs-full_InterestIncomeOnOtherFinancialAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentInformationTable" xlink:label="dei_DocumentInformationTable" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentInformationTable-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Table]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentInformationTable" xlink:to="dei_DocumentInformationTable-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_DepositsFromBanksMember" xlink:label="versb_DepositsFromBanksMember" xlink:type="locator"/>
    <link:label xlink:label="versb_DepositsFromBanksMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposits from banks [member]</link:label>
    <link:label xlink:label="versb_DepositsFromBanksMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for deposits from banks.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_DepositsFromBanksMember" xlink:to="versb_DepositsFromBanksMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ComponentsOfEquityAxis" xlink:label="ifrs-full_ComponentsOfEquityAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ComponentsOfEquityAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components of equity [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfEquityAxis" xlink:to="ifrs-full_ComponentsOfEquityAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IssuedCapitalMember" xlink:label="ifrs-full_IssuedCapitalMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IssuedCapitalMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issued capital [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapitalMember" xlink:to="ifrs-full_IssuedCapitalMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_DisclosureOfDetailedInformationAboutOtherAssetsTextBlock" xlink:label="versb_DisclosureOfDetailedInformationAboutOtherAssetsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="versb_DisclosureOfDetailedInformationAboutOtherAssetsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about other assets [text block]</link:label>
    <link:label xlink:label="versb_DisclosureOfDetailedInformationAboutOtherAssetsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about other assets.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_DisclosureOfDetailedInformationAboutOtherAssetsTextBlock" xlink:to="versb_DisclosureOfDetailedInformationAboutOtherAssetsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RevenueFromInterest" xlink:label="ifrs-full_RevenueFromInterest" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_RevenueFromInterest-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_RevenueFromInterest</link:label>
    <link:label xlink:label="ifrs-full_RevenueFromInterest-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Interest income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueFromInterest" xlink:to="ifrs-full_RevenueFromInterest-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_BorrowingsMaturityDate" xlink:label="versb_BorrowingsMaturityDate" xlink:type="locator"/>
    <link:label xlink:label="versb_BorrowingsMaturityDate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maturity date</link:label>
    <link:label xlink:label="versb_BorrowingsMaturityDate-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The maturity date of borrowings.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_BorrowingsMaturityDate" xlink:to="versb_BorrowingsMaturityDate-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_SubordinatedNotesPayableMember" xlink:label="versb_SubordinatedNotesPayableMember" xlink:type="locator"/>
    <link:label xlink:label="versb_SubordinatedNotesPayableMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subordinated notes payable [member]</link:label>
    <link:label xlink:label="versb_SubordinatedNotesPayableMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for the subordinated notes payable.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_SubordinatedNotesPayableMember" xlink:to="versb_SubordinatedNotesPayableMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_SubordinatedNotesPayableMaturingMay2031Member" xlink:label="versb_SubordinatedNotesPayableMaturingMay2031Member" xlink:type="locator"/>
    <link:label xlink:label="versb_SubordinatedNotesPayableMaturingMay2031Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subordinated notes payable, maturing May 2031 [member]</link:label>
    <link:label xlink:label="versb_SubordinatedNotesPayableMaturingMay2031Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for subordinated notes payable maturing May 2031.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_SubordinatedNotesPayableMaturingMay2031Member" xlink:to="versb_SubordinatedNotesPayableMaturingMay2031Member-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_HoldbacksPayableOnLoanAndLeaseReceivables" xlink:label="versb_HoldbacksPayableOnLoanAndLeaseReceivables" xlink:type="locator"/>
    <link:label xlink:label="versb_HoldbacksPayableOnLoanAndLeaseReceivables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash reserves on structured receivable program</link:label>
    <link:label xlink:label="versb_HoldbacksPayableOnLoanAndLeaseReceivables-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of holdback payable on loan and lease receivables.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_HoldbacksPayableOnLoanAndLeaseReceivables" xlink:to="versb_HoldbacksPayableOnLoanAndLeaseReceivables-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_DisclosureOfDetailedInformationAboutOtherLiabilitiesTextBlock" xlink:label="versb_DisclosureOfDetailedInformationAboutOtherLiabilitiesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="versb_DisclosureOfDetailedInformationAboutOtherLiabilitiesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about other liabilities [text block]</link:label>
    <link:label xlink:label="versb_DisclosureOfDetailedInformationAboutOtherLiabilitiesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of detailed information about other liabilities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_DisclosureOfDetailedInformationAboutOtherLiabilitiesTextBlock" xlink:to="versb_DisclosureOfDetailedInformationAboutOtherLiabilitiesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_CashCollateralAndAmountsHeldInEscrow" xlink:label="versb_CashCollateralAndAmountsHeldInEscrow" xlink:type="locator"/>
    <link:label xlink:label="versb_CashCollateralAndAmountsHeldInEscrow-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash collateral and amounts held in escrow</link:label>
    <link:label xlink:label="versb_CashCollateralAndAmountsHeldInEscrow-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of cash collateral and held in escrow.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_CashCollateralAndAmountsHeldInEscrow" xlink:to="versb_CashCollateralAndAmountsHeldInEscrow-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Item that may subsequently be reclassified to net income: Foreign exchange gain (loss) on translation of foreign operations</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:to="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentFiscalPeriodFocus-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentFiscalYearFocus-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" xlink:type="locator"/>
    <link:label xlink:label="dei_AmendmentFlag-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory" xlink:label="ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of changes in accounting policies [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory" xlink:to="ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ApplicableTaxRate" xlink:label="ifrs-full_ApplicableTaxRate" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ApplicableTaxRate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ApplicableTaxRate</link:label>
    <link:label xlink:label="ifrs-full_ApplicableTaxRate-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Applicable tax rate</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ApplicableTaxRate" xlink:to="ifrs-full_ApplicableTaxRate-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_LegalEntityAxis" xlink:label="dei_LegalEntityAxis" xlink:type="locator"/>
    <link:label xlink:label="dei_LegalEntityAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NumberOfSharesOutstanding" xlink:label="ifrs-full_NumberOfSharesOutstanding" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NumberOfSharesOutstanding-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_NumberOfSharesOutstanding</link:label>
    <link:label xlink:label="ifrs-full_NumberOfSharesOutstanding-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares outstanding (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesOutstanding" xlink:to="ifrs-full_NumberOfSharesOutstanding-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="ifrs-full_CashAndCashEquivalents" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashAndCashEquivalents-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash</link:label>
    <link:label xlink:label="ifrs-full_CashAndCashEquivalents-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Cash, beginning of the period</link:label>
    <link:label xlink:label="ifrs-full_CashAndCashEquivalents-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Cash, end of the period</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="ifrs-full_CashAndCashEquivalents-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:label="ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfIncomeTaxExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of income tax [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:to="ifrs-full_DisclosureOfIncomeTaxExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Assets" xlink:label="ifrs-full_Assets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_Assets-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total assets</link:label>
    <link:label xlink:label="ifrs-full_Assets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_Assets</link:label>
    <link:label xlink:label="ifrs-full_Assets-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Assets" xlink:to="ifrs-full_Assets-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityDomain" xlink:label="dei_EntityDomain" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityDomain" xlink:to="dei_EntityDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityCentralIndexKey-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TradeAndOtherReceivables" xlink:label="ifrs-full_TradeAndOtherReceivables" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_TradeAndOtherReceivables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts receivable</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherReceivables" xlink:to="ifrs-full_TradeAndOtherReceivables-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityRegistrantName-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DeferredTaxAssets" xlink:label="ifrs-full_DeferredTaxAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DeferredTaxAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred income tax asset</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxAssets" xlink:to="ifrs-full_DeferredTaxAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:label="ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of commitments and contingent liabilities [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:to="ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfCommitmentsExplanatory" xlink:label="ifrs-full_DisclosureOfCommitmentsExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfCommitmentsExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of commitments [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfCommitmentsExplanatory" xlink:to="ifrs-full_DisclosureOfCommitmentsExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of classes of share capital [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:to="ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_IntangibleAssetsOtherThanGoodwill-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Goodwill" xlink:label="ifrs-full_Goodwill" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_Goodwill-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Goodwill" xlink:to="ifrs-full_Goodwill-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" xlink:type="locator"/>
    <link:label xlink:label="dei_CurrentFiscalYearEndDate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Fiscal Year End Date</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Equity" xlink:label="ifrs-full_Equity" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_Equity-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_Equity</link:label>
    <link:label xlink:label="ifrs-full_Equity-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Equity</link:label>
    <link:label xlink:label="ifrs-full_Equity-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance, beginning of the period</link:label>
    <link:label xlink:label="ifrs-full_Equity-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance, end of the period</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Equity" xlink:to="ifrs-full_Equity-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PropertyPlantAndEquipment" xlink:label="ifrs-full_PropertyPlantAndEquipment" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_PropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property and equipment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipment" xlink:to="ifrs-full_PropertyPlantAndEquipment-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AssetsAndLiabilitiesAxis" xlink:label="ifrs-full_AssetsAndLiabilitiesAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AssetsAndLiabilitiesAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets and liabilities [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAndLiabilitiesAxis" xlink:to="ifrs-full_AssetsAndLiabilitiesAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AssetsAbstract" xlink:label="ifrs-full_AssetsAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_AssetsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAbstract" xlink:to="ifrs-full_AssetsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_DurationDifferenceOfRiskExposureBetweenAssetsAndLiabilities" xlink:label="versb_DurationDifferenceOfRiskExposureBetweenAssetsAndLiabilities" xlink:type="locator"/>
    <link:label xlink:label="versb_DurationDifferenceOfRiskExposureBetweenAssetsAndLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Duration difference between assets and liabilities (months) (Month)</link:label>
    <link:label xlink:label="versb_DurationDifferenceOfRiskExposureBetweenAssetsAndLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The duration difference of risk exposure between assets and liabilities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_DurationDifferenceOfRiskExposureBetweenAssetsAndLiabilities" xlink:to="versb_DurationDifferenceOfRiskExposureBetweenAssetsAndLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:label="ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ProportionOfOwnershipInterestInAssociate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_ProportionOfOwnershipInterestInAssociate</link:label>
    <link:label xlink:label="ifrs-full_ProportionOfOwnershipInterestInAssociate-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proportion of ownership interest in associate</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:to="ifrs-full_ProportionOfOwnershipInterestInAssociate-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RiskExposuresAxis" xlink:label="ifrs-full_RiskExposuresAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_RiskExposuresAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risk variables [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RiskExposuresAxis" xlink:to="ifrs-full_RiskExposuresAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Associates [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:to="ifrs-full_SignificantInvestmentsInAssociatesAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_Increase100BpsMember" xlink:label="versb_Increase100BpsMember" xlink:type="locator"/>
    <link:label xlink:label="versb_Increase100BpsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase 100 bps [member]</link:label>
    <link:label xlink:label="versb_Increase100BpsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for increase of 100 bps.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_Increase100BpsMember" xlink:to="versb_Increase100BpsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_Decrease100BpsMember" xlink:label="versb_Decrease100BpsMember" xlink:type="locator"/>
    <link:label xlink:label="versb_Decrease100BpsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease 100 bps [member]</link:label>
    <link:label xlink:label="versb_Decrease100BpsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for decrease of 100 bps.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_Decrease100BpsMember" xlink:to="versb_Decrease100BpsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_RiskExposureOfNetIncomeDuring12MonthPeriod" xlink:label="versb_RiskExposureOfNetIncomeDuring12MonthPeriod" xlink:type="locator"/>
    <link:label xlink:label="versb_RiskExposureOfNetIncomeDuring12MonthPeriod-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impact on projected net interest income during a 12 month period</link:label>
    <link:label xlink:label="versb_RiskExposureOfNetIncomeDuring12MonthPeriod-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The risk exposure of net income during a 12 month period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_RiskExposureOfNetIncomeDuring12MonthPeriod" xlink:to="versb_RiskExposureOfNetIncomeDuring12MonthPeriod-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_CorporationControlledByKeyManagementPersonnelMember" xlink:label="versb_CorporationControlledByKeyManagementPersonnelMember" xlink:type="locator"/>
    <link:label xlink:label="versb_CorporationControlledByKeyManagementPersonnelMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporation controlled by key management personnel [member]</link:label>
    <link:label xlink:label="versb_CorporationControlledByKeyManagementPersonnelMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for corporation controlled by key management personnel.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_CorporationControlledByKeyManagementPersonnelMember" xlink:to="versb_CorporationControlledByKeyManagementPersonnelMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_LettersOfCreditMember" xlink:label="versb_LettersOfCreditMember" xlink:type="locator"/>
    <link:label xlink:label="versb_LettersOfCreditMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Letters of credit [member]</link:label>
    <link:label xlink:label="versb_LettersOfCreditMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for letters of credit.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_LettersOfCreditMember" xlink:to="versb_LettersOfCreditMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_LoansIFRSMember" xlink:label="versb_LoansIFRSMember" xlink:type="locator"/>
    <link:label xlink:label="versb_LoansIFRSMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans [member]</link:label>
    <link:label xlink:label="versb_LoansIFRSMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for loans.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_LoansIFRSMember" xlink:to="versb_LoansIFRSMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_SubordinatedNotesMember" xlink:label="versb_SubordinatedNotesMember" xlink:type="locator"/>
    <link:label xlink:label="versb_SubordinatedNotesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subordinated notes [member]</link:label>
    <link:label xlink:label="versb_SubordinatedNotesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for subordinated notes.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_SubordinatedNotesMember" xlink:to="versb_SubordinatedNotesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_OtherLiabilitiesIFRSMember" xlink:label="versb_OtherLiabilitiesIFRSMember" xlink:type="locator"/>
    <link:label xlink:label="versb_OtherLiabilitiesIFRSMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other liabilities [member]</link:label>
    <link:label xlink:label="versb_OtherLiabilitiesIFRSMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for other liabilities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_OtherLiabilitiesIFRSMember" xlink:to="versb_OtherLiabilitiesIFRSMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_DisclosureOfRegulatoryCapitalAndCapitalRatiosTextBlock" xlink:label="versb_DisclosureOfRegulatoryCapitalAndCapitalRatiosTextBlock" xlink:type="locator"/>
    <link:label xlink:label="versb_DisclosureOfRegulatoryCapitalAndCapitalRatiosTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of regulatory capital and capital ratios [text block]</link:label>
    <link:label xlink:label="versb_DisclosureOfRegulatoryCapitalAndCapitalRatiosTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of regulatory capital and capital ratios.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_DisclosureOfRegulatoryCapitalAndCapitalRatiosTextBlock" xlink:to="versb_DisclosureOfRegulatoryCapitalAndCapitalRatiosTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinancialInstrumentsCreditimpairedMember" xlink:label="ifrs-full_FinancialInstrumentsCreditimpairedMember" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_FinancialInstrumentsCreditimpairedMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial instruments credit-impaired [member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialInstrumentsCreditimpairedMember" xlink:to="ifrs-full_FinancialInstrumentsCreditimpairedMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis" xlink:label="ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit impairment of financial instruments [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis" xlink:to="ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_DislcosureOfLoansNetTextBlock" xlink:label="versb_DislcosureOfLoansNetTextBlock" xlink:type="locator"/>
    <link:label xlink:label="versb_DislcosureOfLoansNetTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of loans, net [text block]</link:label>
    <link:label xlink:label="versb_DislcosureOfLoansNetTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of loans, net.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_DislcosureOfLoansNetTextBlock" xlink:to="versb_DislcosureOfLoansNetTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_PercentChangeInFairValueOfFinancialInstrumentAttributableToChangesInCreditRisk" xlink:label="versb_PercentChangeInFairValueOfFinancialInstrumentAttributableToChangesInCreditRisk" xlink:type="locator"/>
    <link:label xlink:label="versb_PercentChangeInFairValueOfFinancialInstrumentAttributableToChangesInCreditRisk-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variance from reported ECL (%)</link:label>
    <link:label xlink:label="versb_PercentChangeInFairValueOfFinancialInstrumentAttributableToChangesInCreditRisk-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The percent change in fair value of financial instrument attributable to the changes in credit risk.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_PercentChangeInFairValueOfFinancialInstrumentAttributableToChangesInCreditRisk" xlink:to="versb_PercentChangeInFairValueOfFinancialInstrumentAttributableToChangesInCreditRisk-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_Upside100Member" xlink:label="versb_Upside100Member" xlink:type="locator"/>
    <link:label xlink:label="versb_Upside100Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Upside, 100% [member]</link:label>
    <link:label xlink:label="versb_Upside100Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for 100% upside risk.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_Upside100Member" xlink:to="versb_Upside100Member-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_DisclosureOfLoansByLendingAssetCategoryTextBlock" xlink:label="versb_DisclosureOfLoansByLendingAssetCategoryTextBlock" xlink:type="locator"/>
    <link:label xlink:label="versb_DisclosureOfLoansByLendingAssetCategoryTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of loans by lending asset category [text block]</link:label>
    <link:label xlink:label="versb_DisclosureOfLoansByLendingAssetCategoryTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of loans by lending asset category.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_DisclosureOfLoansByLendingAssetCategoryTextBlock" xlink:to="versb_DisclosureOfLoansByLendingAssetCategoryTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_Stage1Member" xlink:label="versb_Stage1Member" xlink:type="locator"/>
    <link:label xlink:label="versb_Stage1Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stage 1 [member]</link:label>
    <link:label xlink:label="versb_Stage1Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for stage 1, or loans or other financial instruments that have not experienced a SICR since initial recognition.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_Stage1Member" xlink:to="versb_Stage1Member-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiaries [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:to="ifrs-full_SignificantInvestmentsInSubsidiariesAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_Stage2Member" xlink:label="versb_Stage2Member" xlink:type="locator"/>
    <link:label xlink:label="versb_Stage2Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stage 2 [member]</link:label>
    <link:label xlink:label="versb_Stage2Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for stage 2, or loans or financial instruments that have experienced a SICR since initial recognition.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_Stage2Member" xlink:to="versb_Stage2Member-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_Baseline100Member" xlink:label="versb_Baseline100Member" xlink:type="locator"/>
    <link:label xlink:label="versb_Baseline100Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Baseline, 100% [member]</link:label>
    <link:label xlink:label="versb_Baseline100Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for 100% baseline risk.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_Baseline100Member" xlink:to="versb_Baseline100Member-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_Downside100Member" xlink:label="versb_Downside100Member" xlink:type="locator"/>
    <link:label xlink:label="versb_Downside100Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Downside, 100% [member]</link:label>
    <link:label xlink:label="versb_Downside100Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for 100% downside risk.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_Downside100Member" xlink:to="versb_Downside100Member-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_DisclosureOfReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsTextBlock" xlink:label="versb_DisclosureOfReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="versb_DisclosureOfReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Reconciliation of changes in allowance account for credit losses of financial assets [text block]</link:label>
    <link:label xlink:label="versb_DisclosureOfReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of reconciliation of changes in allowance account for credit losses of financial assets.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_DisclosureOfReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsTextBlock" xlink:to="versb_DisclosureOfReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NotesAndOtherExplanatoryInformationAbstract" xlink:label="ifrs-full_NotesAndOtherExplanatoryInformationAbstract" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NotesAndOtherExplanatoryInformationAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_NotesAndOtherExplanatoryInformationAbstract</link:label>
    <link:label xlink:label="ifrs-full_NotesAndOtherExplanatoryInformationAbstract-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notes to Financial Statements</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotesAndOtherExplanatoryInformationAbstract" xlink:to="ifrs-full_NotesAndOtherExplanatoryInformationAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_MaximumPercentageOfCreditRiskweightedAssetsForAllowance" xlink:label="versb_MaximumPercentageOfCreditRiskweightedAssetsForAllowance" xlink:type="locator"/>
    <link:label xlink:label="versb_MaximumPercentageOfCreditRiskweightedAssetsForAllowance-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_MaximumPercentageOfCreditRiskweightedAssetsForAllowance</link:label>
    <link:label xlink:label="versb_MaximumPercentageOfCreditRiskweightedAssetsForAllowance-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum percentage of credit risk-weighted assets for allowance</link:label>
    <link:label xlink:label="versb_MaximumPercentageOfCreditRiskweightedAssetsForAllowance-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The maximum percentage of credit risk-weighted assets for allowance.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_MaximumPercentageOfCreditRiskweightedAssetsForAllowance" xlink:to="versb_MaximumPercentageOfCreditRiskweightedAssetsForAllowance-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_RequiredMinimumCapitalRatioCommonEquityTier1" xlink:label="versb_RequiredMinimumCapitalRatioCommonEquityTier1" xlink:type="locator"/>
    <link:label xlink:label="versb_RequiredMinimumCapitalRatioCommonEquityTier1-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_RequiredMinimumCapitalRatioCommonEquityTier1</link:label>
    <link:label xlink:label="versb_RequiredMinimumCapitalRatioCommonEquityTier1-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Required minimum capital ratio, common equity tier 1</link:label>
    <link:label xlink:label="versb_RequiredMinimumCapitalRatioCommonEquityTier1-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The common equity tier 1 required minimum capital ratio.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_RequiredMinimumCapitalRatioCommonEquityTier1" xlink:to="versb_RequiredMinimumCapitalRatioCommonEquityTier1-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Granted, weighted average exercise price (in CAD per share)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:to="ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forfeired/cancelled, weighted average exercise price (in CAD per share)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019" xlink:to="ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expired, weighted average exercise price (in CAD per share)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019" xlink:to="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement2019-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercised, weighted average exercise price (in CAD per share)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019" xlink:to="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_CommonEquityTier1Member" xlink:label="versb_CommonEquityTier1Member" xlink:type="locator"/>
    <link:label xlink:label="versb_CommonEquityTier1Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common equity tier 1 [member]</link:label>
    <link:label xlink:label="versb_CommonEquityTier1Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for common equity tier 1.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_CommonEquityTier1Member" xlink:to="versb_CommonEquityTier1Member-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_CapitalTier1Member" xlink:label="versb_CapitalTier1Member" xlink:type="locator"/>
    <link:label xlink:label="versb_CapitalTier1Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Tier 1 [member]</link:label>
    <link:label xlink:label="versb_CapitalTier1Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for capital tier 1</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_CapitalTier1Member" xlink:to="versb_CapitalTier1Member-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_Tier2CapitalMember" xlink:label="versb_Tier2CapitalMember" xlink:type="locator"/>
    <link:label xlink:label="versb_Tier2CapitalMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tier 2 capital [member]</link:label>
    <link:label xlink:label="versb_Tier2CapitalMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for tier 2 capital.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_Tier2CapitalMember" xlink:to="versb_Tier2CapitalMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019</link:label>
    <link:label xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Outstanding, beginning of period (in CAD per share)</link:label>
    <link:label xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Outstanding, end of period (in CAD per share)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:to="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_RiskweightedAssets" xlink:label="versb_RiskweightedAssets" xlink:type="locator"/>
    <link:label xlink:label="versb_RiskweightedAssets-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total risk-weighted assets</link:label>
    <link:label xlink:label="versb_RiskweightedAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_RiskweightedAssets</link:label>
    <link:label xlink:label="versb_RiskweightedAssets-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of risk-weighted assets.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_RiskweightedAssets" xlink:to="versb_RiskweightedAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_RequiredMinimumCapitalRatioTier1Capital" xlink:label="versb_RequiredMinimumCapitalRatioTier1Capital" xlink:type="locator"/>
    <link:label xlink:label="versb_RequiredMinimumCapitalRatioTier1Capital-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_RequiredMinimumCapitalRatioTier1Capital</link:label>
    <link:label xlink:label="versb_RequiredMinimumCapitalRatioTier1Capital-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Required minimum capital ratio, tier 1 capital</link:label>
    <link:label xlink:label="versb_RequiredMinimumCapitalRatioTier1Capital-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The tier 1 capital required minimum capital ratio.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_RequiredMinimumCapitalRatioTier1Capital" xlink:to="versb_RequiredMinimumCapitalRatioTier1Capital-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_RequiredMinimumCapitalRatioTotalCapital" xlink:label="versb_RequiredMinimumCapitalRatioTotalCapital" xlink:type="locator"/>
    <link:label xlink:label="versb_RequiredMinimumCapitalRatioTotalCapital-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_RequiredMinimumCapitalRatioTotalCapital</link:label>
    <link:label xlink:label="versb_RequiredMinimumCapitalRatioTotalCapital-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Required minimum capital ratio, total capital</link:label>
    <link:label xlink:label="versb_RequiredMinimumCapitalRatioTotalCapital-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The total capital required minimum capital ratio.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_RequiredMinimumCapitalRatioTotalCapital" xlink:to="versb_RequiredMinimumCapitalRatioTotalCapital-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_CapitalConservationBuffer" xlink:label="versb_CapitalConservationBuffer" xlink:type="locator"/>
    <link:label xlink:label="versb_CapitalConservationBuffer-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_CapitalConservationBuffer</link:label>
    <link:label xlink:label="versb_CapitalConservationBuffer-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital conservation buffer</link:label>
    <link:label xlink:label="versb_CapitalConservationBuffer-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The capital conservation buffer.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_CapitalConservationBuffer" xlink:to="versb_CapitalConservationBuffer-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_MinimumLeverageRatio" xlink:label="versb_MinimumLeverageRatio" xlink:type="locator"/>
    <link:label xlink:label="versb_MinimumLeverageRatio-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_MinimumLeverageRatio</link:label>
    <link:label xlink:label="versb_MinimumLeverageRatio-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Minimum leverage ratio</link:label>
    <link:label xlink:label="versb_MinimumLeverageRatio-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The minimum leverage ratio.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_MinimumLeverageRatio" xlink:to="versb_MinimumLeverageRatio-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_TransitionalMember" xlink:label="versb_TransitionalMember" xlink:type="locator"/>
    <link:label xlink:label="versb_TransitionalMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transitional [member]</link:label>
    <link:label xlink:label="versb_TransitionalMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for transitional.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_TransitionalMember" xlink:to="versb_TransitionalMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_LeverageRatio" xlink:label="versb_LeverageRatio" xlink:type="locator"/>
    <link:label xlink:label="versb_LeverageRatio-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Leverage ratio</link:label>
    <link:label xlink:label="versb_LeverageRatio-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_LeverageRatio</link:label>
    <link:label xlink:label="versb_LeverageRatio-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The leverage ratio.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_LeverageRatio" xlink:to="versb_LeverageRatio-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_BaselIIIMember" xlink:label="versb_BaselIIIMember" xlink:type="locator"/>
    <link:label xlink:label="versb_BaselIIIMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basel III [member]</link:label>
    <link:label xlink:label="versb_BaselIIIMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for Basel III.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_BaselIIIMember" xlink:to="versb_BaselIIIMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_OnbalanceSheetExposure" xlink:label="versb_OnbalanceSheetExposure" xlink:type="locator"/>
    <link:label xlink:label="versb_OnbalanceSheetExposure-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total on-balance sheet exposures</link:label>
    <link:label xlink:label="versb_OnbalanceSheetExposure-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_OnbalanceSheetExposure</link:label>
    <link:label xlink:label="versb_OnbalanceSheetExposure-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The total on-balance sheet exposure.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_OnbalanceSheetExposure" xlink:to="versb_OnbalanceSheetExposure-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_RegulatoryCapital" xlink:label="versb_RegulatoryCapital" xlink:type="locator"/>
    <link:label xlink:label="versb_RegulatoryCapital-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Regulatory capital</link:label>
    <link:label xlink:label="versb_RegulatoryCapital-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_RegulatoryCapital</link:label>
    <link:label xlink:label="versb_RegulatoryCapital-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of regulatory capital.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_RegulatoryCapital" xlink:to="versb_RegulatoryCapital-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_RegulatoryCapitalBeforeAdjustments" xlink:label="versb_RegulatoryCapitalBeforeAdjustments" xlink:type="locator"/>
    <link:label xlink:label="versb_RegulatoryCapitalBeforeAdjustments-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Regulatory capital before adjustments</link:label>
    <link:label xlink:label="versb_RegulatoryCapitalBeforeAdjustments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_RegulatoryCapitalBeforeAdjustments</link:label>
    <link:label xlink:label="versb_RegulatoryCapitalBeforeAdjustments-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of regulatory capital before adjustments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_RegulatoryCapitalBeforeAdjustments" xlink:to="versb_RegulatoryCapitalBeforeAdjustments-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_RegulatoryAdjustmentsToCapital" xlink:label="versb_RegulatoryAdjustmentsToCapital" xlink:type="locator"/>
    <link:label xlink:label="versb_RegulatoryAdjustmentsToCapital-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Adjustments to capital</link:label>
    <link:label xlink:label="versb_RegulatoryAdjustmentsToCapital-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_RegulatoryAdjustmentsToCapital</link:label>
    <link:label xlink:label="versb_RegulatoryAdjustmentsToCapital-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of regulatory adjustments to capital.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_RegulatoryAdjustmentsToCapital" xlink:to="versb_RegulatoryAdjustmentsToCapital-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_CapitalRatio" xlink:label="versb_CapitalRatio" xlink:type="locator"/>
    <link:label xlink:label="versb_CapitalRatio-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Capital ratio</link:label>
    <link:label xlink:label="versb_CapitalRatio-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_CapitalRatio</link:label>
    <link:label xlink:label="versb_CapitalRatio-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The capital ratio.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_CapitalRatio" xlink:to="versb_CapitalRatio-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ExpectedCreditLossRate" xlink:label="ifrs-full_ExpectedCreditLossRate" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_ExpectedCreditLossRate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">EL %</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpectedCreditLossRate" xlink:to="ifrs-full_ExpectedCreditLossRate-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_LoansNetMember" xlink:label="versb_LoansNetMember" xlink:type="locator"/>
    <link:label xlink:label="versb_LoansNetMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans, net [member]</link:label>
    <link:label xlink:label="versb_LoansNetMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for loans net of allowance.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_LoansNetMember" xlink:to="versb_LoansNetMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_OffbalanceSheetExposure" xlink:label="versb_OffbalanceSheetExposure" xlink:type="locator"/>
    <link:label xlink:label="versb_OffbalanceSheetExposure-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total off-balance sheet exposures</link:label>
    <link:label xlink:label="versb_OffbalanceSheetExposure-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_OffbalanceSheetExposure</link:label>
    <link:label xlink:label="versb_OffbalanceSheetExposure-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The total off-balance sheet exposure.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_OffbalanceSheetExposure" xlink:to="versb_OffbalanceSheetExposure-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_AdjustmentsForConversionToCreditEquivalentAmount" xlink:label="versb_AdjustmentsForConversionToCreditEquivalentAmount" xlink:type="locator"/>
    <link:label xlink:label="versb_AdjustmentsForConversionToCreditEquivalentAmount-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Adjustments for conversion to credit equivalent amount</link:label>
    <link:label xlink:label="versb_AdjustmentsForConversionToCreditEquivalentAmount-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_AdjustmentsForConversionToCreditEquivalentAmount</link:label>
    <link:label xlink:label="versb_AdjustmentsForConversionToCreditEquivalentAmount-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of adjustments for conversion to credit equivalent amount.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_AdjustmentsForConversionToCreditEquivalentAmount" xlink:to="versb_AdjustmentsForConversionToCreditEquivalentAmount-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_OffbalanceSheetExposureGrossNotionalAmount" xlink:label="versb_OffbalanceSheetExposureGrossNotionalAmount" xlink:type="locator"/>
    <link:label xlink:label="versb_OffbalanceSheetExposureGrossNotionalAmount-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total off-balance sheet exposure at gross notional amount</link:label>
    <link:label xlink:label="versb_OffbalanceSheetExposureGrossNotionalAmount-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_OffbalanceSheetExposureGrossNotionalAmount</link:label>
    <link:label xlink:label="versb_OffbalanceSheetExposureGrossNotionalAmount-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of gross notional amount of off-balance sheet exposure.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_OffbalanceSheetExposureGrossNotionalAmount" xlink:to="versb_OffbalanceSheetExposureGrossNotionalAmount-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_TotalExposure" xlink:label="versb_TotalExposure" xlink:type="locator"/>
    <link:label xlink:label="versb_TotalExposure-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total exposures</link:label>
    <link:label xlink:label="versb_TotalExposure-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_TotalExposure</link:label>
    <link:label xlink:label="versb_TotalExposure-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of total on-balance sheet and off-balance sheet exposure.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_TotalExposure" xlink:to="versb_TotalExposure-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_PrepaidExpensesAndOther" xlink:label="versb_PrepaidExpensesAndOther" xlink:type="locator"/>
    <link:label xlink:label="versb_PrepaidExpensesAndOther-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepaid expenses and other</link:label>
    <link:label xlink:label="versb_PrepaidExpensesAndOther-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of prepaid expenses and other assets.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_PrepaidExpensesAndOther" xlink:to="versb_PrepaidExpensesAndOther-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Borrowings" xlink:label="ifrs-full_Borrowings" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_Borrowings-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subordinated notes payable</link:label>
    <link:label xlink:label="ifrs-full_Borrowings-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_Borrowings</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Borrowings" xlink:to="ifrs-full_Borrowings-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BorrowingsByNameAxis" xlink:label="ifrs-full_BorrowingsByNameAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_BorrowingsByNameAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings by name [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsByNameAxis" xlink:to="ifrs-full_BorrowingsByNameAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:label="ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_BorrowingsAdjustmentToInterestRateBasis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings, adjustment to interest rate basis</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:to="ifrs-full_BorrowingsAdjustmentToInterestRateBasis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NotesAndDebenturesIssued" xlink:label="ifrs-full_NotesAndDebenturesIssued" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_NotesAndDebenturesIssued-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subordinated notes payable (note 7)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotesAndDebenturesIssued" xlink:to="ifrs-full_NotesAndDebenturesIssued-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BorrowingsInterestRate" xlink:label="ifrs-full_BorrowingsInterestRate" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_BorrowingsInterestRate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest rate</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsInterestRate" xlink:to="ifrs-full_BorrowingsInterestRate-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentTaxLiabilities" xlink:label="ifrs-full_CurrentTaxLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CurrentTaxLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current income tax liability</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxLiabilities" xlink:to="ifrs-full_CurrentTaxLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_DisclosureOfNotesAndExplanatoryInformationTextBlock" xlink:label="versb_DisclosureOfNotesAndExplanatoryInformationTextBlock" xlink:type="locator"/>
    <link:label xlink:label="versb_DisclosureOfNotesAndExplanatoryInformationTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of notes and explanatory information [text block]</link:label>
    <link:label xlink:label="versb_DisclosureOfNotesAndExplanatoryInformationTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of notes and explanatory information.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_DisclosureOfNotesAndExplanatoryInformationTextBlock" xlink:to="versb_DisclosureOfNotesAndExplanatoryInformationTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CapitalRequirementsAxis" xlink:label="ifrs-full_CapitalRequirementsAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CapitalRequirementsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital requirements [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CapitalRequirementsAxis" xlink:to="ifrs-full_CapitalRequirementsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GovernmentDebtInstrumentsHeld" xlink:label="ifrs-full_GovernmentDebtInstrumentsHeld" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_GovernmentDebtInstrumentsHeld-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securities (note 4)</link:label>
    <link:label xlink:label="ifrs-full_GovernmentDebtInstrumentsHeld-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Government debt instruments held</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GovernmentDebtInstrumentsHeld" xlink:to="ifrs-full_GovernmentDebtInstrumentsHeld-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfDebtSecuritiesExplanatory" xlink:label="ifrs-full_DisclosureOfDebtSecuritiesExplanatory" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DisclosureOfDebtSecuritiesExplanatory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of debt instruments [text block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDebtSecuritiesExplanatory" xlink:to="ifrs-full_DisclosureOfDebtSecuritiesExplanatory-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DeferredTaxLiabilities" xlink:label="ifrs-full_DeferredTaxLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DeferredTaxLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred income tax liability</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxLiabilities" xlink:to="ifrs-full_DeferredTaxLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DepositsFromBanks" xlink:label="ifrs-full_DepositsFromBanks" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DepositsFromBanks-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposits</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepositsFromBanks" xlink:to="ifrs-full_DepositsFromBanks-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_CashFlowsFromUsedInFinancingActivities</link:label>
    <link:label xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) financing activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInFinancingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:label="ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_LevelsOfFairValueHierarchyAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Levels of fair value hierarchy [axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:to="ifrs-full_LevelsOfFairValueHierarchyAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DerivativeFinancialLiabilities" xlink:label="ifrs-full_DerivativeFinancialLiabilities" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DerivativeFinancialLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Derivative instruments (note 12)</link:label>
    <link:label xlink:label="ifrs-full_DerivativeFinancialLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ifrs-full_DerivativeFinancialLiabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativeFinancialLiabilities" xlink:to="ifrs-full_DerivativeFinancialLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DerivativeFinancialAssets" xlink:label="ifrs-full_DerivativeFinancialAssets" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_DerivativeFinancialAssets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative instruments (note 12)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativeFinancialAssets" xlink:to="ifrs-full_DerivativeFinancialAssets-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GrossLoanCommitments" xlink:label="ifrs-full_GrossLoanCommitments" xlink:type="locator"/>
    <link:label xlink:label="ifrs-full_GrossLoanCommitments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit asset commitments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossLoanCommitments" xlink:to="ifrs-full_GrossLoanCommitments-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_CashPaymentsForReceiptsFromFuturesContractsForwardContractsOptionContractsAndSwapContractsClassifiedAsInvestingActivities" xlink:label="versb_CashPaymentsForReceiptsFromFuturesContractsForwardContractsOptionContractsAndSwapContractsClassifiedAsInvestingActivities" xlink:type="locator"/>
    <link:label xlink:label="versb_CashPaymentsForReceiptsFromFuturesContractsForwardContractsOptionContractsAndSwapContractsClassifiedAsInvestingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">versb_CashPaymentsForReceiptsFromFuturesContractsForwardContractsOptionContractsAndSwapContractsClassifiedAsInvestingActivities</link:label>
    <link:label xlink:label="versb_CashPaymentsForReceiptsFromFuturesContractsForwardContractsOptionContractsAndSwapContractsClassifiedAsInvestingActivities-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Foreign exchange forward settlement</link:label>
    <link:label xlink:label="versb_CashPaymentsForReceiptsFromFuturesContractsForwardContractsOptionContractsAndSwapContractsClassifiedAsInvestingActivities-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash outflow or inflow for futures contracts, forward contracts, option contracts and swap contracts except when the contracts are held for dealing or trading purposes or the payments are classified as financing activities.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_CashPaymentsForReceiptsFromFuturesContractsForwardContractsOptionContractsAndSwapContractsClassifiedAsInvestingActivities" xlink:to="versb_CashPaymentsForReceiptsFromFuturesContractsForwardContractsOptionContractsAndSwapContractsClassifiedAsInvestingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_ChangesInDebtApplicableRatesMember" xlink:label="versb_ChangesInDebtApplicableRatesMember" xlink:type="locator"/>
    <link:label xlink:label="versb_ChangesInDebtApplicableRatesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in debt applicable rates [member]</link:label>
    <link:label xlink:label="versb_ChangesInDebtApplicableRatesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This member stands for changes in debt applicable rates.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_ChangesInDebtApplicableRatesMember" xlink:to="versb_ChangesInDebtApplicableRatesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="versb-20260430.xsd#versb_DisclosureOfSaleOfAssetsTextBlock" xlink:label="versb_DisclosureOfSaleOfAssetsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="versb_DisclosureOfSaleOfAssetsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of sale of assets [text block]</link:label>
    <link:label xlink:label="versb_DisclosureOfSaleOfAssetsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entire disclosure for sale of assets.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="versb_DisclosureOfSaleOfAssetsTextBlock" xlink:to="versb_DisclosureOfSaleOfAssetsTextBlock-label" xlink:type="arc"/>


    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressStateOrProvince" xlink:label="dei_EntityAddressStateOrProvince" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityAddressStateOrProvince-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince-label" xlink:type="arc"/>

    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressCityOrTown" xlink:label="dei_EntityAddressCityOrTown" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityAddressCityOrTown-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown-label" xlink:type="arc"/>

    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityAddressAddressLine1-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1-label" xlink:type="arc"/>

    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityAddressPostalZipCode-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityAddressCountry" xlink:label="dei_EntityAddressCountry" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityAddressCountry-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Country</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentPeriodEndDate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentType" xlink:label="dei_DocumentType" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentType-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType-label" xlink:type="arc"/>

    <link:loc xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityFileNumber-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity File Number</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber-label" xlink:type="arc"/>



  </link:labelLink>
</link:linkbase>
