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    <link:label xlink:type="resource" xlink:label="lbl_AssetsHeldAsCollateralPermittedToBeSoldOrRepledgedAtFairValue_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Fair value of assets received which can be sold or repledged</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AtFairValueMember" xlink:label="loc_ifrs-full_AtFairValueMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AtFairValueMember_0" xlink:to="lbl_AtFairValueMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AtFairValueMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">At Fair Value [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AtFairValueMember_0" xlink:to="lbl_AtFairValueMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AtFairValueMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">At fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AverageForeignExchangeRate" xlink:label="loc_ifrs-full_AverageForeignExchangeRate_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AverageForeignExchangeRate_0" xlink:to="lbl_AverageForeignExchangeRate_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AverageForeignExchangeRate_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Average Foreign Exchange Rate</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AverageForeignExchangeRate_0" xlink:to="lbl_AverageForeignExchangeRate_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AverageForeignExchangeRate_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Average rate</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BasicEarningsLossPerShare" xlink:label="loc_ifrs-full_BasicEarningsLossPerShare_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BasicEarningsLossPerShare_0" xlink:to="lbl_BasicEarningsLossPerShare_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BasicEarningsLossPerShare_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Basic Earnings Loss Per Share</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BasicEarningsLossPerShare_0" xlink:to="lbl_BasicEarningsLossPerShare_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BasicEarningsLossPerShare_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Basic</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BorrowingsByTypeAbstract" xlink:label="loc_ifrs-full_BorrowingsByTypeAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BorrowingsByTypeAbstract_0" xlink:to="lbl_BorrowingsByTypeAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BorrowingsByTypeAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Borrowings By Type [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BottomOfRangeMember" xlink:label="loc_ifrs-full_BottomOfRangeMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BottomOfRangeMember_0" xlink:to="lbl_BottomOfRangeMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BottomOfRangeMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Bottom Of Range [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BottomOfRangeMember_0" xlink:to="lbl_BottomOfRangeMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BottomOfRangeMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">low</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BottomOfRangeMember_0" xlink:to="lbl_BottomOfRangeMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BottomOfRangeMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Minimum</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BrokerageFeeExpense" xlink:label="loc_ifrs-full_BrokerageFeeExpense_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BrokerageFeeExpense_0" xlink:to="lbl_BrokerageFeeExpense_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BrokerageFeeExpense_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Brokerage Fee Expense</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BrokerageFeeExpense_0" xlink:to="lbl_BrokerageFeeExpense_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BrokerageFeeExpense_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Brokerage expense</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BrokerageFeeIncome" xlink:label="loc_ifrs-full_BrokerageFeeIncome_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BrokerageFeeIncome_0" xlink:to="lbl_BrokerageFeeIncome_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BrokerageFeeIncome_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Brokerage Fee Income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BrokerageFeeIncome_0" xlink:to="lbl_BrokerageFeeIncome_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BrokerageFeeIncome_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Brokerage fees</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CancellationOfTreasuryShares" xlink:label="loc_ifrs-full_CancellationOfTreasuryShares_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CancellationOfTreasuryShares_0" xlink:to="lbl_CancellationOfTreasuryShares_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CancellationOfTreasuryShares_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cancellation Of Treasury Shares</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CancellationOfTreasuryShares_0" xlink:to="lbl_CancellationOfTreasuryShares_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CancellationOfTreasuryShares_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cancellation of treasury shares related to the share repurchase program</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:label="loc_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_0" xlink:to="lbl_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Carrying Amount Accumulated Depreciation Amortisation And Impairment And Gross Carrying Amount [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CarryingAmountMember" xlink:label="loc_ifrs-full_CarryingAmountMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CarryingAmountMember_0" xlink:to="lbl_CarryingAmountMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CarryingAmountMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Carrying Amount [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CarryingAmountMember_0" xlink:to="lbl_CarryingAmountMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CarryingAmountMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net carrying amount</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CarryingAmountMember_0" xlink:to="lbl_CarryingAmountMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CarryingAmountMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net credit impaired financial instruments</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashAndBankBalancesAtCentralBanks" xlink:label="loc_ifrs-full_CashAndBankBalancesAtCentralBanks_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndBankBalancesAtCentralBanks_0" xlink:to="lbl_CashAndBankBalancesAtCentralBanks_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashAndBankBalancesAtCentralBanks_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash And Bank Balances At Central Banks</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndBankBalancesAtCentralBanks_0" xlink:to="lbl_CashAndBankBalancesAtCentralBanks_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashAndBankBalancesAtCentralBanks_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash and balances at central banks</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndBankBalancesAtCentralBanks_0" xlink:to="lbl_CashAndBankBalancesAtCentralBanks_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashAndBankBalancesAtCentralBanks_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Cash and balances with central banks</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="loc_ifrs-full_CashAndCashEquivalents_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalents_0" xlink:to="lbl_CashAndCashEquivalents_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashAndCashEquivalents_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash And Cash Equivalents</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalents_0" xlink:to="lbl_CashAndCashEquivalents_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashAndCashEquivalents_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Cash and cash equivalents at the beginning of the period</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalents_0" xlink:to="lbl_CashAndCashEquivalents_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashAndCashEquivalents_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Cash and cash equivalents at the end of the period</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashAndCashEquivalentsAbstract" xlink:label="loc_ifrs-full_CashAndCashEquivalentsAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalentsAbstract_0" xlink:to="lbl_CashAndCashEquivalentsAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashAndCashEquivalentsAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash And Cash Equivalents Abstract</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalentsAbstract_0" xlink:to="lbl_CashAndCashEquivalentsAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashAndCashEquivalentsAbstract_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total cash flow</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013" xlink:label="loc_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_0" xlink:to="lbl_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash And Cash Equivalents In Subsidiary Or Businesses Acquired Or Disposed</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_0" xlink:to="lbl_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash and cash equivalents acquired upon the acquisition of the Credit Suisse Group</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_0" xlink:to="lbl_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Outflows related to cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:label="loc_ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_0" xlink:to="lbl_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash Collateral Pledged Subject To Enforceable Master Netting Arrangement Or Similar Agreement Not Set Off Against Financial Liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_0" xlink:to="lbl_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">of which: netting with collateral pledged</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:label="loc_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_0" xlink:to="lbl_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash Collateral Received Subject To Enforceable Master Netting Arrangement Or Similar Agreement Not Set Off Against Financial Assets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_0" xlink:to="lbl_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">of which: netting with collateral received</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowHedgesAbstract" xlink:label="loc_ifrs-full_CashFlowHedgesAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowHedgesAbstract_0" xlink:to="lbl_CashFlowHedgesAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowHedgesAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash Flow Hedges [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowHedgesAbstract_0" xlink:to="lbl_CashFlowHedgesAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowHedgesAbstract_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash flow hedges</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowHedgesAbstract_0" xlink:to="lbl_CashFlowHedgesAbstract_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowHedgesAbstract_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Cash flow hedges of interest rate risk</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_0" xlink:to="lbl_CashFlowsFromUsedInFinancingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowsFromUsedInFinancingActivities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash Flows From Used In Financing Activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_0" xlink:to="lbl_CashFlowsFromUsedInFinancingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowsFromUsedInFinancingActivities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net cash flow from / (used in) financing activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_0" xlink:to="lbl_CashFlowsFromUsedInFinancingActivities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowsFromUsedInFinancingActivities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net cash flow from / (used in) financing activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_0" xlink:to="lbl_CashFlowsFromUsedInFinancingActivitiesAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowsFromUsedInFinancingActivitiesAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash Flows From Used In Financing Activities [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_0" xlink:to="lbl_CashFlowsFromUsedInFinancingActivitiesAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowsFromUsedInFinancingActivitiesAbstract_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash flow from / (used in) financing activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_0" xlink:to="lbl_CashFlowsFromUsedInInvestingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowsFromUsedInInvestingActivities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash Flows From Used In Investing Activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_0" xlink:to="lbl_CashFlowsFromUsedInInvestingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowsFromUsedInInvestingActivities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net cash flow from / (used in) investing activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_0" xlink:to="lbl_CashFlowsFromUsedInInvestingActivities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowsFromUsedInInvestingActivities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net cash flow from / (used in) investing activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_0" xlink:to="lbl_CashFlowsFromUsedInInvestingActivitiesAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowsFromUsedInInvestingActivitiesAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash Flows From Used In Investing Activities [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_0" xlink:to="lbl_CashFlowsFromUsedInInvestingActivitiesAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowsFromUsedInInvestingActivitiesAbstract_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash flow from / (used in) investing activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_0" xlink:to="lbl_CashFlowsFromUsedInOperatingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowsFromUsedInOperatingActivities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash Flows From Used In Operating Activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_0" xlink:to="lbl_CashFlowsFromUsedInOperatingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowsFromUsedInOperatingActivities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net cash flow from / (used in) operating activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_0" xlink:to="lbl_CashFlowsFromUsedInOperatingActivities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowsFromUsedInOperatingActivities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net cash flow from / (used in) operating activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_0" xlink:to="lbl_CashFlowsFromUsedInOperatingActivitiesAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowsFromUsedInOperatingActivitiesAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash Flows From Used In Operating Activities Abstract</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_0" xlink:to="lbl_CashFlowsFromUsedInOperatingActivitiesAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowsFromUsedInOperatingActivitiesAbstract_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash flow from / (used in) operating activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:label="loc_ifrs-full_CategoriesOfFinancialAssetsAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfFinancialAssetsAxis_0" xlink:to="lbl_CategoriesOfFinancialAssetsAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CategoriesOfFinancialAssetsAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Categories Of Financial Assets [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfFinancialAssetsDomain" xlink:label="loc_ifrs-full_CategoriesOfFinancialAssetsDomain_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfFinancialAssetsDomain_0" xlink:to="lbl_CategoriesOfFinancialAssetsDomain_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CategoriesOfFinancialAssetsDomain_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Categories Of Financial Assets [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:label="loc_ifrs-full_CategoriesOfFinancialLiabilitiesAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfFinancialLiabilitiesAxis_0" xlink:to="lbl_CategoriesOfFinancialLiabilitiesAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CategoriesOfFinancialLiabilitiesAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Categories Of Financial Liabilities [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfFinancialLiabilitiesDomain" xlink:label="loc_ifrs-full_CategoriesOfFinancialLiabilitiesDomain_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfFinancialLiabilitiesDomain_0" xlink:to="lbl_CategoriesOfFinancialLiabilitiesDomain_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CategoriesOfFinancialLiabilitiesDomain_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Categories Of Financial Liabilities [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ChangeInValueOfForeignCurrencyBasisSpreadsAbstract" xlink:label="loc_ifrs-full_ChangeInValueOfForeignCurrencyBasisSpreadsAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ChangeInValueOfForeignCurrencyBasisSpreadsAbstract_0" xlink:to="lbl_ChangeInValueOfForeignCurrencyBasisSpreadsAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ChangeInValueOfForeignCurrencyBasisSpreadsAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Change In Value Of Foreign Currency Basis Spreads [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ChangeInValueOfForeignCurrencyBasisSpreadsAbstract_0" xlink:to="lbl_ChangeInValueOfForeignCurrencyBasisSpreadsAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ChangeInValueOfForeignCurrencyBasisSpreadsAbstract_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cost of hedging</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfEmployeeBenefitsExpenseAbstract" xlink:label="loc_ifrs-full_ClassesOfEmployeeBenefitsExpenseAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfEmployeeBenefitsExpenseAbstract_0" xlink:to="lbl_ClassesOfEmployeeBenefitsExpenseAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ClassesOfEmployeeBenefitsExpenseAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Classes Of Employee Benefits Expense [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:label="loc_ifrs-full_ClassesOfFinancialInstrumentsAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialInstrumentsAxis_0" xlink:to="lbl_ClassesOfFinancialInstrumentsAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ClassesOfFinancialInstrumentsAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Classes Of Financial Instruments [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:label="loc_ifrs-full_ClassesOfFinancialInstrumentsDomain_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialInstrumentsDomain_0" xlink:to="lbl_ClassesOfFinancialInstrumentsDomain_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ClassesOfFinancialInstrumentsDomain_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Classes Of Financial Instruments [Domain]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialInstrumentsDomain_0" xlink:to="lbl_ClassesOfFinancialInstrumentsDomain_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ClassesOfFinancialInstrumentsDomain_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialInstrumentsDomain_0" xlink:to="lbl_ClassesOfFinancialInstrumentsDomain_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ClassesOfFinancialInstrumentsDomain_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfOtherProvisionsDomain" xlink:label="loc_ifrs-full_ClassesOfOtherProvisionsDomain_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfOtherProvisionsDomain_0" xlink:to="lbl_ClassesOfOtherProvisionsDomain_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ClassesOfOtherProvisionsDomain_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Classes Of Other Provisions [Domain]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfOtherProvisionsDomain_0" xlink:to="lbl_ClassesOfOtherProvisionsDomain_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ClassesOfOtherProvisionsDomain_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Provisions</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfOtherProvisionsDomain_0" xlink:to="lbl_ClassesOfOtherProvisionsDomain_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ClassesOfOtherProvisionsDomain_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfProvisionsAxis" xlink:label="loc_ifrs-full_ClassesOfProvisionsAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfProvisionsAxis_0" xlink:to="lbl_ClassesOfProvisionsAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ClassesOfProvisionsAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Classes Of Provisions [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClosingForeignExchangeRate" xlink:label="loc_ifrs-full_ClosingForeignExchangeRate_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClosingForeignExchangeRate_0" xlink:to="lbl_ClosingForeignExchangeRate_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ClosingForeignExchangeRate_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Closing Foreign Exchange Rate</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClosingForeignExchangeRate_0" xlink:to="lbl_ClosingForeignExchangeRate_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ClosingForeignExchangeRate_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Spot rate</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClosingForeignExchangeRate_0" xlink:to="lbl_ClosingForeignExchangeRate_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ClosingForeignExchangeRate_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Closing exchange rate</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CommodityPriceRiskMember" xlink:label="loc_ifrs-full_CommodityPriceRiskMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CommodityPriceRiskMember_0" xlink:to="lbl_CommodityPriceRiskMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommodityPriceRiskMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Commodity Price Risk [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CommodityPriceRiskMember_0" xlink:to="lbl_CommodityPriceRiskMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommodityPriceRiskMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commodities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CommodityPriceRiskMember_0" xlink:to="lbl_CommodityPriceRiskMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommodityPriceRiskMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Commodity</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfEquityAxis" xlink:label="loc_ifrs-full_ComponentsOfEquityAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfEquityAxis_0" xlink:to="lbl_ComponentsOfEquityAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ComponentsOfEquityAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Components Of Equity [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfEquityDomain" xlink:label="loc_ifrs-full_ComponentsOfEquityDomain_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfEquityDomain_0" xlink:to="lbl_ComponentsOfEquityDomain_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ComponentsOfEquityDomain_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Components Of Equity [Domain]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfEquityDomain_0" xlink:to="lbl_ComponentsOfEquityDomain_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ComponentsOfEquityDomain_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total equity</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncome" xlink:label="loc_ifrs-full_ComprehensiveIncome_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncome_0" xlink:to="lbl_ComprehensiveIncome_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ComprehensiveIncome_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total comprehensive income for the period</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncome_0" xlink:to="lbl_ComprehensiveIncome_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ComprehensiveIncome_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Comprehensive Income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncome_0" xlink:to="lbl_ComprehensiveIncome_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ComprehensiveIncome_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total comprehensive income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncome_0" xlink:to="lbl_ComprehensiveIncome_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ComprehensiveIncome_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeAbstract" xlink:label="loc_ifrs-full_ComprehensiveIncomeAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAbstract_0" xlink:to="lbl_ComprehensiveIncomeAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ComprehensiveIncomeAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Comprehensive Income [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAbstract_0" xlink:to="lbl_ComprehensiveIncomeAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ComprehensiveIncomeAbstract_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ConsiderationPaidReceived" xlink:label="loc_ifrs-full_ConsiderationPaidReceived_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ConsiderationPaidReceived_0" xlink:to="lbl_ConsiderationPaidReceived_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ConsiderationPaidReceived_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Consideration Paid Received</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ConsiderationPaidReceived_0" xlink:to="lbl_ConsiderationPaidReceived_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ConsiderationPaidReceived_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash proceeds</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination" xlink:label="loc_ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination_0" xlink:to="lbl_ContingentLiabilitiesRecognisedInBusinessCombination_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ContingentLiabilitiesRecognisedInBusinessCombination_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Contingent Liabilities Recognised In Business Combination</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination_0" xlink:to="lbl_ContingentLiabilitiesRecognisedInBusinessCombination_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ContingentLiabilitiesRecognisedInBusinessCombination_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquisition-related contingent liabilities relating to litigation, regulatory and similar matters (IFRS 3, Business Combinations)</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination_0" xlink:to="lbl_ContingentLiabilitiesRecognisedInBusinessCombination_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ContingentLiabilitiesRecognisedInBusinessCombination_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">IFRS 3 acquisition-related contingent liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentDomain" xlink:label="loc_ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentDomain_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentDomain_0" xlink:to="lbl_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentDomain_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentDomain_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Continuing Involvement In Derecognised Financial Assets By Type Of Instrument [Domain]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentDomain_0" xlink:to="lbl_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentDomain_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ContinuingInvolvementInDerecognisedFinancialAssetsByTypeOfInstrumentDomain_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CorporateLoansMember" xlink:label="loc_ifrs-full_CorporateLoansMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CorporateLoansMember_0" xlink:to="lbl_CorporateLoansMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CorporateLoansMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Corporate Loans [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CorporateLoansMember_0" xlink:to="lbl_CorporateLoansMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CorporateLoansMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Large corporate clients</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CorporateLoansMember_0" xlink:to="lbl_CorporateLoansMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CorporateLoansMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Large corporate clients</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CounterpartiesAxis" xlink:label="loc_ifrs-full_CounterpartiesAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CounterpartiesAxis_0" xlink:to="lbl_CounterpartiesAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CounterpartiesAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Counterparties [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CounterpartiesDomain" xlink:label="loc_ifrs-full_CounterpartiesDomain_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CounterpartiesDomain_0" xlink:to="lbl_CounterpartiesDomain_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CounterpartiesDomain_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Counterparties [Domain]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CounterpartiesDomain_0" xlink:to="lbl_CounterpartiesDomain_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CounterpartiesDomain_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis" xlink:label="loc_ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis_0" xlink:to="lbl_CreditImpairmentOfFinancialInstrumentsAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditImpairmentOfFinancialInstrumentsAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Credit Impairment Of Financial Instruments [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain" xlink:label="loc_ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain_0" xlink:to="lbl_CreditImpairmentOfFinancialInstrumentsDomain_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditImpairmentOfFinancialInstrumentsDomain_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Credit Impairment Of Financial Instruments [Domain]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain_0" xlink:to="lbl_CreditImpairmentOfFinancialInstrumentsDomain_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditImpairmentOfFinancialInstrumentsDomain_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total credit-impaired financial assets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain_0" xlink:to="lbl_CreditImpairmentOfFinancialInstrumentsDomain_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditImpairmentOfFinancialInstrumentsDomain_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CreditRiskMember" xlink:label="loc_ifrs-full_CreditRiskMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CreditRiskMember_0" xlink:to="lbl_CreditRiskMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditRiskMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit derivatives</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CreditRiskMember_0" xlink:to="lbl_CreditRiskMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditRiskMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Credit Risk [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CreditSpreadMeasurementInputMember" xlink:label="loc_ifrs-full_CreditSpreadMeasurementInputMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CreditSpreadMeasurementInputMember_0" xlink:to="lbl_CreditSpreadMeasurementInputMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditSpreadMeasurementInputMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit spread</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CreditSpreadMeasurementInputMember_0" xlink:to="lbl_CreditSpreadMeasurementInputMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditSpreadMeasurementInputMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Credit Spread Measurement Input [Member]</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_CurrentAccruedExpensesAndOtherCurrentLiabilities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other accrued expenses</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentTaxLiabilities" xlink:label="loc_ifrs-full_CurrentTaxLiabilities_0"></link:loc>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DebtSecurities" xlink:label="loc_ifrs-full_DebtSecurities_0"></link:loc>
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    <link:label xlink:type="resource" xlink:label="lbl_DebtSecurities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_DebtSecurities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total debt issued measured at amortized cost</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_DeferredTaxAssets_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred tax assets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxAssets_0" xlink:to="lbl_DeferredTaxAssets_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DeferredTaxAssets_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Recognized</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_DeferredTaxLiabilities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred tax liabilities</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_DerivativeFinancialAssets_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Derivative financial instruments</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_EarningsPerShareAbstract_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Earnings per share</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:label="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_0"></link:loc>
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    <link:label xlink:type="resource" xlink:label="lbl_EffectOfExchangeRateChangesOnCashAndCashEquivalents_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Effects of exchange rate differences on cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EmployeeBenefitsExpense" xlink:label="loc_ifrs-full_EmployeeBenefitsExpense_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EmployeeBenefitsExpense_0" xlink:to="lbl_EmployeeBenefitsExpense_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EmployeeBenefitsExpense_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Employee Benefits Expense</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EmployeeBenefitsExpense_0" xlink:to="lbl_EmployeeBenefitsExpense_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EmployeeBenefitsExpense_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Personnel expenses</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EmployeeBenefitsExpense_0" xlink:to="lbl_EmployeeBenefitsExpense_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EmployeeBenefitsExpense_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total personnel expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Equity" xlink:label="loc_ifrs-full_Equity_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity_0" xlink:to="lbl_Equity_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Equity_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Balance</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity_0" xlink:to="lbl_Equity_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Equity_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Balance</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity_0" xlink:to="lbl_Equity_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Equity_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Equity</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity_0" xlink:to="lbl_Equity_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Equity_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total equity</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity_0" xlink:to="lbl_Equity_4"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Equity_4" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total IFRS equity</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity_0" xlink:to="lbl_Equity_5"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Equity_5" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total equity</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAbstract" xlink:label="loc_ifrs-full_EquityAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAbstract_0" xlink:to="lbl_EquityAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Equity [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAbstract_0" xlink:to="lbl_EquityAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityAbstract_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAndLiabilities" xlink:label="loc_ifrs-full_EquityAndLiabilities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilities_0" xlink:to="lbl_EquityAndLiabilities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityAndLiabilities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Equity And Liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilities_0" xlink:to="lbl_EquityAndLiabilities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityAndLiabilities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total liabilities and equity</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilities_0" xlink:to="lbl_EquityAndLiabilities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityAndLiabilities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total liabilities and equity</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAttributableToOwnersOfParent" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParent_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParent_0" xlink:to="lbl_EquityAttributableToOwnersOfParent_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityAttributableToOwnersOfParent_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Equity Attributable To Owners Of Parent</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParent_0" xlink:to="lbl_EquityAttributableToOwnersOfParent_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityAttributableToOwnersOfParent_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Equity attributable to shareholders</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParent_0" xlink:to="lbl_EquityAttributableToOwnersOfParent_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityAttributableToOwnersOfParent_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity attributable to shareholders</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParent_0" xlink:to="lbl_EquityAttributableToOwnersOfParent_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityAttributableToOwnersOfParent_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Equity attributable to shareholders at the end of the period</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParent_0" xlink:to="lbl_EquityAttributableToOwnersOfParent_4"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityAttributableToOwnersOfParent_4" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Equity attributable to shareholders at the beginning of the period</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParentMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParentMember_0" xlink:to="lbl_EquityAttributableToOwnersOfParentMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityAttributableToOwnersOfParentMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Equity Attributable To Owners Of Parent [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParentMember_0" xlink:to="lbl_EquityAttributableToOwnersOfParentMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityAttributableToOwnersOfParentMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total equity attributable to shareholders</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParentMember_0" xlink:to="lbl_EquityAttributableToOwnersOfParentMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityAttributableToOwnersOfParentMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Comprehensive income attributable to shareholders</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityInvestmentsMember" xlink:label="loc_ifrs-full_EquityInvestmentsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityInvestmentsMember_0" xlink:to="lbl_EquityInvestmentsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityInvestmentsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Equity Investments [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityInvestmentsMember_0" xlink:to="lbl_EquityInvestmentsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityInvestmentsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity instruments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityInvestmentsMember_0" xlink:to="lbl_EquityInvestmentsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityInvestmentsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Equity instruments</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityPriceRiskMember" xlink:label="loc_ifrs-full_EquityPriceRiskMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityPriceRiskMember_0" xlink:to="lbl_EquityPriceRiskMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityPriceRiskMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Equity Price Risk [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityPriceRiskMember_0" xlink:to="lbl_EquityPriceRiskMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityPriceRiskMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity / index</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityPriceRiskMember_0" xlink:to="lbl_EquityPriceRiskMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityPriceRiskMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Equity prices</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExchangeDifferencesOnTranslationAbstract" xlink:label="loc_ifrs-full_ExchangeDifferencesOnTranslationAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExchangeDifferencesOnTranslationAbstract_0" xlink:to="lbl_ExchangeDifferencesOnTranslationAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ExchangeDifferencesOnTranslationAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Exchange Differences On Translation [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExchangeDifferencesOnTranslationAbstract_0" xlink:to="lbl_ExchangeDifferencesOnTranslationAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ExchangeDifferencesOnTranslationAbstract_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Foreign currency translation</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExpectedCreditLossRate" xlink:label="loc_ifrs-full_ExpectedCreditLossRate_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpectedCreditLossRate_0" xlink:to="lbl_ExpectedCreditLossRate_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ExpectedCreditLossRate_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Expected Credit Loss Rate</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpectedCreditLossRate_0" xlink:to="lbl_ExpectedCreditLossRate_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ExpectedCreditLossRate_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">ECL coverage</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExpenseByNature" xlink:label="loc_ifrs-full_ExpenseByNature_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpenseByNature_0" xlink:to="lbl_ExpenseByNature_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ExpenseByNature_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Expense By Nature</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpenseByNature_0" xlink:to="lbl_ExpenseByNature_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ExpenseByNature_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Operating expenses</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpenseByNature_0" xlink:to="lbl_ExpenseByNature_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ExpenseByNature_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExplanationOfAccountingPoliciesAndMethodsOfComputationFollowedInInterimFinancialStatements" xlink:label="loc_ifrs-full_ExplanationOfAccountingPoliciesAndMethodsOfComputationFollowedInInterimFinancialStatements_0"></link:loc>
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    <link:label xlink:type="resource" xlink:label="lbl_FeeAndCommissionIncomeExpense_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net fee and commission income</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_InvestmentAccountedForUsingEquityMethod_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Carrying amount at the beginning of the year</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_InvestmentAccountedForUsingEquityMethod_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Carrying amount at the end of the year</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InvestmentAccountedForUsingEquityMethod_0" xlink:to="lbl_InvestmentAccountedForUsingEquityMethod_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InvestmentAccountedForUsingEquityMethod_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investments in subsidiaries and associates</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_InvestmentFundsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Investment funds</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_InvestmentFundsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment fund units</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_InvestmentFundsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Investment fund units</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_IssuedCapital_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share capital</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssuesFairValueMeasurementAssets" xlink:label="loc_ifrs-full_IssuesFairValueMeasurementAssets_0"></link:loc>
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    <link:label xlink:type="resource" xlink:label="lbl_IssuesFairValueMeasurementAssets_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Issues Fair Value Measurement Assets</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_IssuesFairValueMeasurementAssets_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Issuances</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssuesFairValueMeasurementLiabilities" xlink:label="loc_ifrs-full_IssuesFairValueMeasurementLiabilities_0"></link:loc>
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    <link:label xlink:type="resource" xlink:label="lbl_IssuesFairValueMeasurementLiabilities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Issues Fair Value Measurement Liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssuesFairValueMeasurementLiabilities_0" xlink:to="lbl_IssuesFairValueMeasurementLiabilities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IssuesFairValueMeasurementLiabilities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Issuances</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_JointVenturesDomain" xlink:label="loc_ifrs-full_JointVenturesDomain_0"></link:loc>
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    <link:label xlink:type="resource" xlink:label="lbl_JointVenturesDomain_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Joint Ventures [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_JointVenturesMember" xlink:label="loc_ifrs-full_JointVenturesMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_JointVenturesMember_0" xlink:to="lbl_JointVenturesMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_JointVenturesMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Joint Ventures [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_JointVenturesMember_0" xlink:to="lbl_JointVenturesMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_JointVenturesMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Joint ventures</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:label="loc_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_0"></link:loc>
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    <link:label xlink:type="resource" xlink:label="lbl_LaterThanOneYearAndNotLaterThanTwoYearsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Later Than One Year And Not Later Than Two Years [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_0" xlink:to="lbl_LaterThanOneYearAndNotLaterThanTwoYearsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LaterThanOneYearAndNotLaterThanTwoYearsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2027</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LeaseLiabilities" xlink:label="loc_ifrs-full_LeaseLiabilities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LeaseLiabilities_0" xlink:to="lbl_LeaseLiabilities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LeaseLiabilities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Lease Liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LeaseLiabilities_0" xlink:to="lbl_LeaseLiabilities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LeaseLiabilities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lease liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LeaseLiabilities_0" xlink:to="lbl_LeaseLiabilities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LeaseLiabilities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Carrying amount of total lease liabilities as of 1 January 2019</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LegalProceedingsProvisionMember" xlink:label="loc_ifrs-full_LegalProceedingsProvisionMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LegalProceedingsProvisionMember_0" xlink:to="lbl_LegalProceedingsProvisionMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LegalProceedingsProvisionMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Litigation, regulatory and similar matters</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LegalProceedingsProvisionMember_0" xlink:to="lbl_LegalProceedingsProvisionMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LegalProceedingsProvisionMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Legal Proceedings Provision [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Level1OfFairValueHierarchyMember" xlink:label="loc_ifrs-full_Level1OfFairValueHierarchyMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level1OfFairValueHierarchyMember_0" xlink:to="lbl_Level1OfFairValueHierarchyMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Level1OfFairValueHierarchyMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Level 1 Of Fair Value Hierarchy [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level1OfFairValueHierarchyMember_0" xlink:to="lbl_Level1OfFairValueHierarchyMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Level1OfFairValueHierarchyMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Level 1</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level1OfFairValueHierarchyMember_0" xlink:to="lbl_Level1OfFairValueHierarchyMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Level1OfFairValueHierarchyMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Quoted in active market</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Level2OfFairValueHierarchyMember" xlink:label="loc_ifrs-full_Level2OfFairValueHierarchyMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level2OfFairValueHierarchyMember_0" xlink:to="lbl_Level2OfFairValueHierarchyMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Level2OfFairValueHierarchyMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Level 2 Of Fair Value Hierarchy [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level2OfFairValueHierarchyMember_0" xlink:to="lbl_Level2OfFairValueHierarchyMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Level2OfFairValueHierarchyMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Level 2</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Level3OfFairValueHierarchyMember" xlink:label="loc_ifrs-full_Level3OfFairValueHierarchyMember_0"></link:loc>
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    <link:label xlink:type="resource" xlink:label="lbl_Level3OfFairValueHierarchyMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Level 3 Of Fair Value Hierarchy [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level3OfFairValueHierarchyMember_0" xlink:to="lbl_Level3OfFairValueHierarchyMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Level3OfFairValueHierarchyMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Level 3</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:label="loc_ifrs-full_LevelsOfFairValueHierarchyAxis_0"></link:loc>
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    <link:label xlink:type="resource" xlink:label="lbl_LevelsOfFairValueHierarchyAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Levels Of Fair Value Hierarchy [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:label="loc_ifrs-full_LevelsOfFairValueHierarchyDomain_0"></link:loc>
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    <link:label xlink:type="resource" xlink:label="lbl_LevelsOfFairValueHierarchyDomain_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Liabilities" xlink:label="loc_ifrs-full_Liabilities_0"></link:loc>
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    <link:label xlink:type="resource" xlink:label="lbl_Liabilities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Liabilities_0" xlink:to="lbl_Liabilities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Liabilities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Liabilities_0" xlink:to="lbl_Liabilities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Liabilities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total liabilities measured at fair value</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Liabilities_0" xlink:to="lbl_Liabilities_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Liabilities_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total liabilities recognized on the balance sheet</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Liabilities_0" xlink:to="lbl_Liabilities_4"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Liabilities_4" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel">Total liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LiabilitiesAbstract" xlink:label="loc_ifrs-full_LiabilitiesAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesAbstract_0" xlink:to="lbl_LiabilitiesAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LiabilitiesAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesAbstract_0" xlink:to="lbl_LiabilitiesAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LiabilitiesAbstract_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesAbstract_0" xlink:to="lbl_LiabilitiesAbstract_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LiabilitiesAbstract_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:label="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_0" xlink:to="lbl_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities Included In Disposal Groups Classified As Held For Sale</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_0" xlink:to="lbl_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Liabilities of disposal groups held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LifetimeExpectedCreditLossesMember" xlink:label="loc_ifrs-full_LifetimeExpectedCreditLossesMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LifetimeExpectedCreditLossesMember_0" xlink:to="lbl_LifetimeExpectedCreditLossesMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LifetimeExpectedCreditLossesMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Lifetime Expected Credit Losses [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LifetimeExpectedCreditLossesMember_0" xlink:to="lbl_LifetimeExpectedCreditLossesMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LifetimeExpectedCreditLossesMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lifetime expected credit losses</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LoanCommitmentsMember" xlink:label="loc_ifrs-full_LoanCommitmentsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoanCommitmentsMember_0" xlink:to="lbl_LoanCommitmentsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoanCommitmentsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Loan commitments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoanCommitmentsMember_0" xlink:to="lbl_LoanCommitmentsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoanCommitmentsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Irrevocable loan commitments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoanCommitmentsMember_0" xlink:to="lbl_LoanCommitmentsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoanCommitmentsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan commitments measured at FVTPL</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LoansAndAdvancesToBanks" xlink:label="loc_ifrs-full_LoansAndAdvancesToBanks_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoansAndAdvancesToBanks_0" xlink:to="lbl_LoansAndAdvancesToBanks_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansAndAdvancesToBanks_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Loans And Advances To Banks</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoansAndAdvancesToBanks_0" xlink:to="lbl_LoansAndAdvancesToBanks_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansAndAdvancesToBanks_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Due from banks, net</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoansAndAdvancesToBanks_0" xlink:to="lbl_LoansAndAdvancesToBanks_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansAndAdvancesToBanks_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amounts due from banks</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoansAndAdvancesToBanks_0" xlink:to="lbl_LoansAndAdvancesToBanks_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansAndAdvancesToBanks_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Amounts due from banks</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LoansAndAdvancesToCustomers" xlink:label="loc_ifrs-full_LoansAndAdvancesToCustomers_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoansAndAdvancesToCustomers_0" xlink:to="lbl_LoansAndAdvancesToCustomers_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansAndAdvancesToCustomers_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Loans And Advances To Customers</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoansAndAdvancesToCustomers_0" xlink:to="lbl_LoansAndAdvancesToCustomers_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansAndAdvancesToCustomers_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Loans, net</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoansAndAdvancesToCustomers_0" xlink:to="lbl_LoansAndAdvancesToCustomers_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansAndAdvancesToCustomers_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans and advances to customers</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoansAndAdvancesToCustomers_0" xlink:to="lbl_LoansAndAdvancesToCustomers_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansAndAdvancesToCustomers_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Loans and advances to customers</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoansAndAdvancesToCustomers_0" xlink:to="lbl_LoansAndAdvancesToCustomers_4"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansAndAdvancesToCustomers_4" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel">Total</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MarketComparablePricesMember" xlink:label="loc_ifrs-full_MarketComparablePricesMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MarketComparablePricesMember_0" xlink:to="lbl_MarketComparablePricesMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MarketComparablePricesMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Market Comparable Prices [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MarketComparablePricesMember_0" xlink:to="lbl_MarketComparablePricesMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MarketComparablePricesMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Relative value to market comparable</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MaturityAxis" xlink:label="loc_ifrs-full_MaturityAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MaturityAxis_0" xlink:to="lbl_MaturityAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MaturityAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Maturity [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MaturityDomain" xlink:label="loc_ifrs-full_MaturityDomain_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MaturityDomain_0" xlink:to="lbl_MaturityDomain_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MaturityDomain_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Maturity [Domain]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MaturityDomain_0" xlink:to="lbl_MaturityDomain_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MaturityDomain_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MeasurementAxis" xlink:label="loc_ifrs-full_MeasurementAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MeasurementAxis_0" xlink:to="lbl_MeasurementAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MeasurementAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Measurement [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MeasurementDomain" xlink:label="loc_ifrs-full_MeasurementDomain_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MeasurementDomain_0" xlink:to="lbl_MeasurementDomain_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MeasurementDomain_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Measurement [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MiscellaneousOtherOperatingExpense" xlink:label="loc_ifrs-full_MiscellaneousOtherOperatingExpense_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MiscellaneousOtherOperatingExpense_0" xlink:to="lbl_MiscellaneousOtherOperatingExpense_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MiscellaneousOtherOperatingExpense_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Miscellaneous Other Operating Expense</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MiscellaneousOtherOperatingExpense_0" xlink:to="lbl_MiscellaneousOtherOperatingExpense_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MiscellaneousOtherOperatingExpense_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MiscellaneousOtherProvisionsMember" xlink:label="loc_ifrs-full_MiscellaneousOtherProvisionsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MiscellaneousOtherProvisionsMember_0" xlink:to="lbl_MiscellaneousOtherProvisionsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MiscellaneousOtherProvisionsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Miscellaneous Other Provisions [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MiscellaneousOtherProvisionsMember_0" xlink:to="lbl_MiscellaneousOtherProvisionsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MiscellaneousOtherProvisionsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MortgagesMember" xlink:label="loc_ifrs-full_MortgagesMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MortgagesMember_0" xlink:to="lbl_MortgagesMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MortgagesMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Mortgages [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MortgagesMember_0" xlink:to="lbl_MortgagesMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MortgagesMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Private clients with mortgages</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MortgagesMember_0" xlink:to="lbl_MortgagesMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MortgagesMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Private clients with mortgages</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NetAssetValueMember" xlink:label="loc_ifrs-full_NetAssetValueMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetAssetValueMember_0" xlink:to="lbl_NetAssetValueMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetAssetValueMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Net Asset Value [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetAssetValueMember_0" xlink:to="lbl_NetAssetValueMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetAssetValueMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net asset value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:label="loc_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_0" xlink:to="lbl_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Net Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_0" xlink:to="lbl_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net assets recognized on the balance sheet</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_0" xlink:to="lbl_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Assets based on IFRS netting</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:label="loc_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_0" xlink:to="lbl_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Net Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_0" xlink:to="lbl_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net liabilities recognized on the balance sheet</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_0" xlink:to="lbl_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Liabilities based on IFRS netting</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncontrollingInterests" xlink:label="loc_ifrs-full_NoncontrollingInterests_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterests_0" xlink:to="lbl_NoncontrollingInterests_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NoncontrollingInterests_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Interests</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterests_0" xlink:to="lbl_NoncontrollingInterests_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NoncontrollingInterests_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity attributable to non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterests_0" xlink:to="lbl_NoncontrollingInterests_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NoncontrollingInterests_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Non-controlling Interests</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncontrollingInterestsMember" xlink:label="loc_ifrs-full_NoncontrollingInterestsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterestsMember_0" xlink:to="lbl_NoncontrollingInterestsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NoncontrollingInterestsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Non-controlling Interests [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterestsMember_0" xlink:to="lbl_NoncontrollingInterestsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NoncontrollingInterestsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Comprehensive income attributable to non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterestsMember_0" xlink:to="lbl_NoncontrollingInterestsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NoncontrollingInterestsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncurrentDebtInstrumentsIssued" xlink:label="loc_ifrs-full_NoncurrentDebtInstrumentsIssued_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentDebtInstrumentsIssued_0" xlink:to="lbl_NoncurrentDebtInstrumentsIssued_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NoncurrentDebtInstrumentsIssued_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Noncurrent Debt Instruments Issued</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentDebtInstrumentsIssued_0" xlink:to="lbl_NoncurrentDebtInstrumentsIssued_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NoncurrentDebtInstrumentsIssued_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Long-term debt</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NotLaterThanOneYearMember" xlink:label="loc_ifrs-full_NotLaterThanOneYearMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotLaterThanOneYearMember_0" xlink:to="lbl_NotLaterThanOneYearMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NotLaterThanOneYearMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Not Later Than One Year [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotLaterThanOneYearMember_0" xlink:to="lbl_NotLaterThanOneYearMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NotLaterThanOneYearMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Within 1 year</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotLaterThanOneYearMember_0" xlink:to="lbl_NotLaterThanOneYearMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NotLaterThanOneYearMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">2026</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember" xlink:label="loc_ifrs-full_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember_0" xlink:to="lbl_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Not Measured At Fair Value In Statement Of Financial Position But For Which Fair Value Is Disclosed [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember_0" xlink:to="lbl_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OneYearBeforeReportingYearMember" xlink:label="loc_ifrs-full_OneYearBeforeReportingYearMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OneYearBeforeReportingYearMember_0" xlink:to="lbl_OneYearBeforeReportingYearMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OneYearBeforeReportingYearMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">One Year Before Reporting Year [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OneYearBeforeReportingYearMember_0" xlink:to="lbl_OneYearBeforeReportingYearMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OneYearBeforeReportingYearMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">2025</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OptionPricingModelMember" xlink:label="loc_ifrs-full_OptionPricingModelMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OptionPricingModelMember_0" xlink:to="lbl_OptionPricingModelMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OptionPricingModelMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Option Pricing Model [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OptionPricingModelMember_0" xlink:to="lbl_OptionPricingModelMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OptionPricingModelMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Option model</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherAdjustmentsForNoncashItems" xlink:label="loc_ifrs-full_OtherAdjustmentsForNoncashItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherAdjustmentsForNoncashItems_0" xlink:to="lbl_OtherAdjustmentsForNoncashItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherAdjustmentsForNoncashItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other net adjustments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherAdjustmentsForNoncashItems_0" xlink:to="lbl_OtherAdjustmentsForNoncashItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherAdjustmentsForNoncashItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Adjustments For Noncash Items</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherAdjustmentsToReconcileProfitLoss" xlink:label="loc_ifrs-full_OtherAdjustmentsToReconcileProfitLoss_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherAdjustmentsToReconcileProfitLoss_0" xlink:to="lbl_OtherAdjustmentsToReconcileProfitLoss_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherAdjustmentsToReconcileProfitLoss_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Adjustments To Reconcile Profit Loss</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherAdjustmentsToReconcileProfitLoss_0" xlink:to="lbl_OtherAdjustmentsToReconcileProfitLoss_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherAdjustmentsToReconcileProfitLoss_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Provisions and other non-financial assets and liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherAdjustmentsToReconcileProfitLoss_0" xlink:to="lbl_OtherAdjustmentsToReconcileProfitLoss_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherAdjustmentsToReconcileProfitLoss_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Provisions and other non-financial assets and liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="loc_ifrs-full_OtherComprehensiveIncome_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncome_0" xlink:to="lbl_OtherComprehensiveIncome_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherComprehensiveIncome_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Comprehensive Income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncome_0" xlink:to="lbl_OtherComprehensiveIncome_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherComprehensiveIncome_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncome_0" xlink:to="lbl_OtherComprehensiveIncome_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherComprehensiveIncome_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncome_0" xlink:to="lbl_OtherComprehensiveIncome_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherComprehensiveIncome_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: OCI, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_0"></link:loc>
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    <link:label xlink:type="resource" xlink:label="lbl_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Comprehensive Income Before Tax Change In Fair Value Of Financial Liability Attributable To Change In Credit Risk Of Liability</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_0" xlink:to="lbl_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_1"></link:labelArc>
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    <link:label xlink:type="resource" xlink:label="lbl_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Comprehensive Income Net Of Tax Change In Fair Value Of Financial Liability Attributable To ChangeI n Credit Risk Of Liability</link:label>
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    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_0" xlink:to="lbl_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net Of Tax</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_0" xlink:to="lbl_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total other comprehensive income that will not be reclassified to the income statement, net of tax</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_0" xlink:to="lbl_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total other comprehensive income that will not be reclassified to the income statement, net of tax</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_0" xlink:to="lbl_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total other comprehensive income that will not be reclassified to the income statement, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherEmployeeExpense" xlink:label="loc_ifrs-full_OtherEmployeeExpense_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherEmployeeExpense_0" xlink:to="lbl_OtherEmployeeExpense_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherEmployeeExpense_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Employee Expense</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherEmployeeExpense_0" xlink:to="lbl_OtherEmployeeExpense_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherEmployeeExpense_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other personnel expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherFeeAndCommissionIncome" xlink:label="loc_ifrs-full_OtherFeeAndCommissionIncome_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherFeeAndCommissionIncome_0" xlink:to="lbl_OtherFeeAndCommissionIncome_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFeeAndCommissionIncome_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Fee And Commission Income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherFeeAndCommissionIncome_0" xlink:to="lbl_OtherFeeAndCommissionIncome_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFeeAndCommissionIncome_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherFinancialLiabilities" xlink:label="loc_ifrs-full_OtherFinancialLiabilities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherFinancialLiabilities_0" xlink:to="lbl_OtherFinancialLiabilities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Financial Liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherFinancialLiabilities_0" xlink:to="lbl_OtherFinancialLiabilities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherIncome" xlink:label="loc_ifrs-full_OtherIncome_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherIncome_0" xlink:to="lbl_OtherIncome_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherIncome_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherIncome_0" xlink:to="lbl_OtherIncome_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherIncome_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherIncome_0" xlink:to="lbl_OtherIncome_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherIncome_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total other income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherIncomeExpenseFromSubsidiariesJointlyControlledEntitiesAndAssociates" xlink:label="loc_ifrs-full_OtherIncomeExpenseFromSubsidiariesJointlyControlledEntitiesAndAssociates_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherIncomeExpenseFromSubsidiariesJointlyControlledEntitiesAndAssociates_0" xlink:to="lbl_OtherIncomeExpenseFromSubsidiariesJointlyControlledEntitiesAndAssociates_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherIncomeExpenseFromSubsidiariesJointlyControlledEntitiesAndAssociates_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Income Expense From Subsidiaries Jointly Controlled Entities And Associates</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherIncomeExpenseFromSubsidiariesJointlyControlledEntitiesAndAssociates_0" xlink:to="lbl_OtherIncomeExpenseFromSubsidiariesJointlyControlledEntitiesAndAssociates_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherIncomeExpenseFromSubsidiariesJointlyControlledEntitiesAndAssociates_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_0" xlink:to="lbl_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Inflows Outflows Of Cash Classified As Financing Activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_0" xlink:to="lbl_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net cash flows from other financing activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherNonfinancialAssets" xlink:label="loc_ifrs-full_OtherNonfinancialAssets_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherNonfinancialAssets_0" xlink:to="lbl_OtherNonfinancialAssets_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonfinancialAssets_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other non-financial assets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherNonfinancialAssets_0" xlink:to="lbl_OtherNonfinancialAssets_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonfinancialAssets_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other non-financial assets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherNonfinancialAssets_0" xlink:to="lbl_OtherNonfinancialAssets_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonfinancialAssets_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total other non-financial assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherNonfinancialLiabilities" xlink:label="loc_ifrs-full_OtherNonfinancialLiabilities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherNonfinancialLiabilities_0" xlink:to="lbl_OtherNonfinancialLiabilities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonfinancialLiabilities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Non-financial Liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherNonfinancialLiabilities_0" xlink:to="lbl_OtherNonfinancialLiabilities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonfinancialLiabilities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other non-financial liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherNonfinancialLiabilities_0" xlink:to="lbl_OtherNonfinancialLiabilities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonfinancialLiabilities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total other non-financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherReservesMember" xlink:label="loc_ifrs-full_OtherReservesMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherReservesMember_0" xlink:to="lbl_OtherReservesMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherReservesMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Reserves [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherReservesMember_0" xlink:to="lbl_OtherReservesMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherReservesMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other comprehensive income recognized directly in equity, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Prepayments" xlink:label="loc_ifrs-full_Prepayments_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Prepayments_0" xlink:to="lbl_Prepayments_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Prepayments_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Prepayments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Prepayments_0" xlink:to="lbl_Prepayments_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Prepayments_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Prepaid expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures" xlink:label="loc_ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures_0" xlink:to="lbl_ProceedsFromIssueOfBondsNotesAndDebentures_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProceedsFromIssueOfBondsNotesAndDebentures_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Issue Of Bonds Notes And Debentures</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures_0" xlink:to="lbl_ProceedsFromIssueOfBondsNotesAndDebentures_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProceedsFromIssueOfBondsNotesAndDebentures_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Issuance of debt designated at fair value and long-term debt measured at amortized cost</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfessionalFeesExpense" xlink:label="loc_ifrs-full_ProfessionalFeesExpense_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfessionalFeesExpense_0" xlink:to="lbl_ProfessionalFeesExpense_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProfessionalFeesExpense_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Professional Fees Expense</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfessionalFeesExpense_0" xlink:to="lbl_ProfessionalFeesExpense_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProfessionalFeesExpense_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consulting, legal and audit fees</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLoss" xlink:label="loc_ifrs-full_ProfitLoss_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLoss_0" xlink:to="lbl_ProfitLoss_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProfitLoss_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net profit / (loss)</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLoss_0" xlink:to="lbl_ProfitLoss_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProfitLoss_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Profit Loss</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLoss_0" xlink:to="lbl_ProfitLoss_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProfitLoss_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net profit / (loss)</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLoss_0" xlink:to="lbl_ProfitLoss_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProfitLoss_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: net profit / (loss)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:label="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_0" xlink:to="lbl_ProfitLossAttributableToNoncontrollingInterests_0"></link:labelArc>
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    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_0" xlink:to="lbl_ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Effective portion of changes in fair value of hedging instruments designated as net investment hedges reclassified to the income statement</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan" xlink:label="loc_ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan_0" xlink:to="lbl_RecognisedLiabilitiesDefinedBenefitPlan_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RecognisedLiabilitiesDefinedBenefitPlan_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Recognised Liabilities Defined Benefit Plan</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan_0" xlink:to="lbl_RecognisedLiabilitiesDefinedBenefitPlan_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RecognisedLiabilitiesDefinedBenefitPlan_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: net defined benefit liability</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan_0" xlink:to="lbl_RecognisedLiabilitiesDefinedBenefitPlan_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RecognisedLiabilitiesDefinedBenefitPlan_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total net defined benefit pension and post-employment liability</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RepaymentsOfBondsNotesAndDebentures" xlink:label="loc_ifrs-full_RepaymentsOfBondsNotesAndDebentures_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepaymentsOfBondsNotesAndDebentures_0" xlink:to="lbl_RepaymentsOfBondsNotesAndDebentures_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RepaymentsOfBondsNotesAndDebentures_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Repayments Of Bonds Notes And Debentures</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepaymentsOfBondsNotesAndDebentures_0" xlink:to="lbl_RepaymentsOfBondsNotesAndDebentures_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RepaymentsOfBondsNotesAndDebentures_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Repayment of debt designated at fair value and long-term debt measured at amortized cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepaymentsOfBondsNotesAndDebentures_0" xlink:to="lbl_RepaymentsOfBondsNotesAndDebentures_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RepaymentsOfBondsNotesAndDebentures_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Repayment of long-term debt, including financial liabilities designated at fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:label="loc_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_0" xlink:to="lbl_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Repurchase agreements (newly included in Payables from securities financing transactions)</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_0" xlink:to="lbl_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Payables from securities financing transactions measured at amortized cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_0" xlink:to="lbl_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Repurchase Agreements And Cash Collateral On Securities Lent</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReserveOfCashFlowHedgesMember" xlink:label="loc_ifrs-full_ReserveOfCashFlowHedgesMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfCashFlowHedgesMember_0" xlink:to="lbl_ReserveOfCashFlowHedgesMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ReserveOfCashFlowHedgesMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Reserve Of Cash Flow Hedges [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfCashFlowHedgesMember_0" xlink:to="lbl_ReserveOfCashFlowHedgesMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ReserveOfCashFlowHedgesMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: cash flow hedges</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:label="loc_ifrs-full_ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_0" xlink:to="lbl_ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Reserve Of Change In Fair Value Of Financial Liability Attributable To Change In Credit Risk Of Liability</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_0" xlink:to="lbl_ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unrealized life-to-date gain / (loss)</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_0" xlink:to="lbl_ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Own credit adjustments on financial liabilities designated at fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreadsMember" xlink:label="loc_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreadsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreadsMember_0" xlink:to="lbl_ReserveOfChangeInValueOfForeignCurrencyBasisSpreadsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ReserveOfChangeInValueOfForeignCurrencyBasisSpreadsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Reserve Of Change In Value Of Foreign Currency Basis Spreads [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfChangeInValueOfForeignCurrencyBasisSpreadsMember_0" xlink:to="lbl_ReserveOfChangeInValueOfForeignCurrencyBasisSpreadsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ReserveOfChangeInValueOfForeignCurrencyBasisSpreadsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: cost of hedging</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:label="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_0" xlink:to="lbl_ReserveOfExchangeDifferencesOnTranslationMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ReserveOfExchangeDifferencesOnTranslationMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Reserve Of Exchange Differences On Translation [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_0" xlink:to="lbl_ReserveOfExchangeDifferencesOnTranslationMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ReserveOfExchangeDifferencesOnTranslationMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: foreign currency translation</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" xlink:label="loc_ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember_0" xlink:to="lbl_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Reserve Of Gains And Losses On Financial Assets Measured At Fair Value Through Other Comprehensive Income [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember_0" xlink:to="lbl_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: financial assets at fair value through other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RestructuringProvisionMember" xlink:label="loc_ifrs-full_RestructuringProvisionMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RestructuringProvisionMember_0" xlink:to="lbl_RestructuringProvisionMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RestructuringProvisionMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restructuring</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RestructuringProvisionMember_0" xlink:to="lbl_RestructuringProvisionMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RestructuringProvisionMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Restructuring Provision [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RetainedEarnings" xlink:label="loc_ifrs-full_RetainedEarnings_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RetainedEarnings_0" xlink:to="lbl_RetainedEarnings_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RetainedEarnings_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Retained Earnings</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RetainedEarnings_0" xlink:to="lbl_RetainedEarnings_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RetainedEarnings_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Retained earnings</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RetainedEarnings_0" xlink:to="lbl_RetainedEarnings_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RetainedEarnings_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Retained earnings</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RetainedEarningsMember" xlink:label="loc_ifrs-full_RetainedEarningsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RetainedEarningsMember_0" xlink:to="lbl_RetainedEarningsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RetainedEarningsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Retained Earnings [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RetainedEarningsMember_0" xlink:to="lbl_RetainedEarningsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RetainedEarningsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Retained earnings</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevenueAndOperatingIncome" xlink:label="loc_ifrs-full_RevenueAndOperatingIncome_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueAndOperatingIncome_0" xlink:to="lbl_RevenueAndOperatingIncome_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RevenueAndOperatingIncome_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Revenue And Operating Income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueAndOperatingIncome_0" xlink:to="lbl_RevenueAndOperatingIncome_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RevenueAndOperatingIncome_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total revenues</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueAndOperatingIncome_0" xlink:to="lbl_RevenueAndOperatingIncome_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RevenueAndOperatingIncome_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total revenues</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:label="loc_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_0" xlink:to="lbl_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Reverse Repurchase Agreements And Cash Collateral On Securities Borrowed</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_0" xlink:to="lbl_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Receivables from securities financing transactions measured at amortized cost</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_TypesOfRisksAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Types Of Risks [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfRisksDomain" xlink:label="loc_ifrs-full_TypesOfRisksDomain_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfRisksDomain_0" xlink:to="lbl_TypesOfRisksDomain_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_TypesOfRisksDomain_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Types Of Risks [Domain]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfRisksDomain_0" xlink:to="lbl_TypesOfRisksDomain_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_TypesOfRisksDomain_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Types of risk</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfRisksDomain_0" xlink:to="lbl_TypesOfRisksDomain_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_TypesOfRisksDomain_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Interest rate contracts</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnobservableInputsAxis" xlink:label="loc_ifrs-full_UnobservableInputsAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnobservableInputsAxis_0" xlink:to="lbl_UnobservableInputsAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UnobservableInputsAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Unobservable Inputs [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnobservableInputsDomain" xlink:label="loc_ifrs-full_UnobservableInputsDomain_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnobservableInputsDomain_0" xlink:to="lbl_UnobservableInputsDomain_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UnobservableInputsDomain_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Unobservable Inputs [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnusedProvisionReversedOtherProvisions" xlink:label="loc_ifrs-full_UnusedProvisionReversedOtherProvisions_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnusedProvisionReversedOtherProvisions_0" xlink:to="lbl_UnusedProvisionReversedOtherProvisions_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UnusedProvisionReversedOtherProvisions_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Release of provisions recognized in the income statement</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnusedProvisionReversedOtherProvisions_0" xlink:to="lbl_UnusedProvisionReversedOtherProvisions_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UnusedProvisionReversedOtherProvisions_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Unused Provision Reversed Other Provisions</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:label="loc_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_0" xlink:to="lbl_ValuationTechniquesUsedInFairValueMeasurementAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ValuationTechniquesUsedInFairValueMeasurementAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Valuation Techniques Used In Fair Value Measurement [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain" xlink:label="loc_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain_0" xlink:to="lbl_ValuationTechniquesUsedInFairValueMeasurementDomain_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ValuationTechniquesUsedInFairValueMeasurementDomain_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Valuation Techniques Used In Fair Value Measurement [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageMember" xlink:label="loc_ifrs-full_WeightedAverageMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageMember_0" xlink:to="lbl_WeightedAverageMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_WeightedAverageMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageMember_0" xlink:to="lbl_WeightedAverageMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_WeightedAverageMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">weighted average</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageMember_0" xlink:to="lbl_WeightedAverageMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_WeightedAverageMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Average</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ConsolidatedEntitiesAxis" xlink:label="loc_srt_ConsolidatedEntitiesAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ConsolidatedEntitiesAxis_0" xlink:to="lbl_ConsolidatedEntitiesAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ConsolidatedEntitiesAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Consolidated Entities Axis [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_CH" xlink:label="loc_country_CH_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_CH_0" xlink:to="lbl_CH_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CH_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Switzerland [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_CH_0" xlink:to="lbl_CH_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CH_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Switzerland</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_US" xlink:label="loc_country_US_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_US_0" xlink:to="lbl_US_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_US_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">United States [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_US_0" xlink:to="lbl_US_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_US_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">United States</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_US_0" xlink:to="lbl_US_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_US_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">US</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_GeneralAndAdministrativeExpensesLineItems" xlink:label="loc_ubs_GeneralAndAdministrativeExpensesLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GeneralAndAdministrativeExpensesLineItems_0" xlink:to="lbl_GeneralAndAdministrativeExpensesLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GeneralAndAdministrativeExpensesLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">General And Administrative Expenses [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GeneralAndAdministrativeExpensesLineItems_0" xlink:to="lbl_GeneralAndAdministrativeExpensesLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GeneralAndAdministrativeExpensesLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">General And Administrative Expenses</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GeneralAndAdministrativeExpensesLineItems_0" xlink:to="lbl_GeneralAndAdministrativeExpensesLineItems_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GeneralAndAdministrativeExpensesLineItems_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OutsourcingExpense" xlink:label="loc_ubs_OutsourcingExpense_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OutsourcingExpense_0" xlink:to="lbl_OutsourcingExpense_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OutsourcingExpense_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Outsourcing Expense</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OutsourcingExpense_0" xlink:to="lbl_OutsourcingExpense_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OutsourcingExpense_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Outsourcing costs</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OutsourcingExpense_0" xlink:to="lbl_OutsourcingExpense_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OutsourcingExpense_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of expense incurred in the period for outsourcing of IT and other services.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_UBSAGMember" xlink:label="loc_ubs_UBSAGMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_UBSAGMember_0" xlink:to="lbl_UBSAGMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UBSAGMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">UBS AG [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_UBSAGMember_0" xlink:to="lbl_UBSAGMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UBSAGMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">UBS AG</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_UBSAGMember_0" xlink:to="lbl_UBSAGMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UBSAGMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member refers to UBS AG</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_UBSAGMember_0" xlink:to="lbl_UBSAGMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UBSAGMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">UBS AG (consolidated)</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_IncomeTaxEffectsAllocatedDirectlyToEquityOther" xlink:label="loc_ubs_IncomeTaxEffectsAllocatedDirectlyToEquityOther_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncomeTaxEffectsAllocatedDirectlyToEquityOther_0" xlink:to="lbl_IncomeTaxEffectsAllocatedDirectlyToEquityOther_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncomeTaxEffectsAllocatedDirectlyToEquityOther_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Tax (expense) / benefit</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncomeTaxEffectsAllocatedDirectlyToEquityOther_0" xlink:to="lbl_IncomeTaxEffectsAllocatedDirectlyToEquityOther_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncomeTaxEffectsAllocatedDirectlyToEquityOther_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Income Tax Effects Allocated Directly To Equity Other</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncomeTaxEffectsAllocatedDirectlyToEquityOther_0" xlink:to="lbl_IncomeTaxEffectsAllocatedDirectlyToEquityOther_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncomeTaxEffectsAllocatedDirectlyToEquityOther_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The tax effect of items occurring during the period that have been charged or credited directly to components of shareholders' equity and are not otherwise defined.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_IncreaseDecreaseThroughNetExchangeDifferencesAndTimeValueOfMoneyAdjustmentOtherProvisions" xlink:label="loc_ubs_IncreaseDecreaseThroughNetExchangeDifferencesAndTimeValueOfMoneyAdjustmentOtherProvisions_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseDecreaseThroughNetExchangeDifferencesAndTimeValueOfMoneyAdjustmentOtherProvisions_0" xlink:to="lbl_IncreaseDecreaseThroughNetExchangeDifferencesAndTimeValueOfMoneyAdjustmentOtherProvisions_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseDecreaseThroughNetExchangeDifferencesAndTimeValueOfMoneyAdjustmentOtherProvisions_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Increase Decrease Through Net Exchange Differences And Time Value Of Money Adjustment Other Provisions</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseDecreaseThroughNetExchangeDifferencesAndTimeValueOfMoneyAdjustmentOtherProvisions_0" xlink:to="lbl_IncreaseDecreaseThroughNetExchangeDifferencesAndTimeValueOfMoneyAdjustmentOtherProvisions_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseDecreaseThroughNetExchangeDifferencesAndTimeValueOfMoneyAdjustmentOtherProvisions_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Foreign currency translation and other movements</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseDecreaseThroughNetExchangeDifferencesAndTimeValueOfMoneyAdjustmentOtherProvisions_0" xlink:to="lbl_IncreaseDecreaseThroughNetExchangeDifferencesAndTimeValueOfMoneyAdjustmentOtherProvisions_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseDecreaseThroughNetExchangeDifferencesAndTimeValueOfMoneyAdjustmentOtherProvisions_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The increase (decrease) in other provisions resulting from (i) foreign currency exchange rate changes on provisions measured in a currency different from the entity's presentation currency; (ii) other movements (for example, capitalized reinstatement cost); and (iii) adjustments arising from the passage of time.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseDecreaseThroughNetExchangeDifferencesAndTimeValueOfMoneyAdjustmentOtherProvisions_0" xlink:to="lbl_IncreaseDecreaseThroughNetExchangeDifferencesAndTimeValueOfMoneyAdjustmentOtherProvisions_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseDecreaseThroughNetExchangeDifferencesAndTimeValueOfMoneyAdjustmentOtherProvisions_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Foreign currency translation / unwind of discount</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_RecruitmentLoansToFinancialAdvisors" xlink:label="loc_ubs_RecruitmentLoansToFinancialAdvisors_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RecruitmentLoansToFinancialAdvisors_0" xlink:to="lbl_RecruitmentLoansToFinancialAdvisors_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RecruitmentLoansToFinancialAdvisors_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Recruitment Loans To Financial Advisors</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RecruitmentLoansToFinancialAdvisors_0" xlink:to="lbl_RecruitmentLoansToFinancialAdvisors_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RecruitmentLoansToFinancialAdvisors_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of recruitment loans to financial advisors.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RecruitmentLoansToFinancialAdvisors_0" xlink:to="lbl_RecruitmentLoansToFinancialAdvisors_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RecruitmentLoansToFinancialAdvisors_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans to financial advisors</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_BailDeposit" xlink:label="loc_ubs_BailDeposit_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BailDeposit_0" xlink:to="lbl_BailDeposit_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BailDeposit_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Bail Deposit</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BailDeposit_0" xlink:to="lbl_BailDeposit_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BailDeposit_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of bail deposits relating to inquiries regarding cross-border wealth management businesses.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BailDeposit_0" xlink:to="lbl_BailDeposit_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BailDeposit_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deposits and collateral provided in connection with litigation, regulatory and similar matters</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_PropertiesAndOtherNoncurrentAssetsClassifiedAsHeldForSale" xlink:label="loc_ubs_PropertiesAndOtherNoncurrentAssetsClassifiedAsHeldForSale_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PropertiesAndOtherNoncurrentAssetsClassifiedAsHeldForSale_0" xlink:to="lbl_PropertiesAndOtherNoncurrentAssetsClassifiedAsHeldForSale_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PropertiesAndOtherNoncurrentAssetsClassifiedAsHeldForSale_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Properties And Other Noncurrent Assets Classified As Held For Sale</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PropertiesAndOtherNoncurrentAssetsClassifiedAsHeldForSale_0" xlink:to="lbl_PropertiesAndOtherNoncurrentAssetsClassifiedAsHeldForSale_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PropertiesAndOtherNoncurrentAssetsClassifiedAsHeldForSale_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Properties and other non-current assets held for sale</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PropertiesAndOtherNoncurrentAssetsClassifiedAsHeldForSale_0" xlink:to="lbl_PropertiesAndOtherNoncurrentAssetsClassifiedAsHeldForSale_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PropertiesAndOtherNoncurrentAssetsClassifiedAsHeldForSale_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of properties and other non-current assets classified as held for sale.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SegmentPCBMember" xlink:label="loc_ubs_SegmentPCBMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentPCBMember_0" xlink:to="lbl_SegmentPCBMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentPCBMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Segment PCB [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentPCBMember_0" xlink:to="lbl_SegmentPCBMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentPCBMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for the business division Personal &amp; Corporate Banking.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentPCBMember_0" xlink:to="lbl_SegmentPCBMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentPCBMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Personal &amp; Corporate Banking</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentPCBMember_0" xlink:to="lbl_SegmentPCBMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentPCBMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Personal &amp; Corporate Banking</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SegmentAMMember" xlink:label="loc_ubs_SegmentAMMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentAMMember_0" xlink:to="lbl_SegmentAMMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentAMMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Segment AM [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentAMMember_0" xlink:to="lbl_SegmentAMMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentAMMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for the business division Asset Management.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentAMMember_0" xlink:to="lbl_SegmentAMMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentAMMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Asset Management</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentAMMember_0" xlink:to="lbl_SegmentAMMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentAMMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Asset Management</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SegmentIBMember" xlink:label="loc_ubs_SegmentIBMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentIBMember_0" xlink:to="lbl_SegmentIBMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentIBMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Segment IB [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentIBMember_0" xlink:to="lbl_SegmentIBMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentIBMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for the business division Investment Bank.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentIBMember_0" xlink:to="lbl_SegmentIBMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentIBMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Bank</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentIBMember_0" xlink:to="lbl_SegmentIBMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentIBMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Investment Bank</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_LombardLoanMember" xlink:label="loc_ubs_LombardLoanMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LombardLoanMember_0" xlink:to="lbl_LombardLoanMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LombardLoanMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Lombard Loan [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LombardLoanMember_0" xlink:to="lbl_LombardLoanMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LombardLoanMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Lombard</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LombardLoanMember_0" xlink:to="lbl_LombardLoanMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LombardLoanMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to loan to purchase securities in which the security itself serves as collateral for the loan.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LombardLoanMember_0" xlink:to="lbl_LombardLoanMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LombardLoanMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Lombard</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DerivativeLineItems" xlink:label="loc_ubs_DerivativeLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DerivativeLineItems_0" xlink:to="lbl_DerivativeLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DerivativeLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Derivative [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DerivativeLineItems_0" xlink:to="lbl_DerivativeLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DerivativeLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative instruments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DerivativeLineItems_0" xlink:to="lbl_DerivativeLineItems_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DerivativeLineItems_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_StatementOfComprehensiveIncomeLineItems" xlink:label="loc_ubs_StatementOfComprehensiveIncomeLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_StatementOfComprehensiveIncomeLineItems_0" xlink:to="lbl_StatementOfComprehensiveIncomeLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_StatementOfComprehensiveIncomeLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Statement Of Comprehensive Income [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_StatementOfComprehensiveIncomeLineItems_0" xlink:to="lbl_StatementOfComprehensiveIncomeLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_StatementOfComprehensiveIncomeLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statement of comprehensive income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_StatementOfComprehensiveIncomeLineItems_0" xlink:to="lbl_StatementOfComprehensiveIncomeLineItems_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_StatementOfComprehensiveIncomeLineItems_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_IncomeStatementLineItems" xlink:label="loc_ubs_IncomeStatementLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncomeStatementLineItems_0" xlink:to="lbl_IncomeStatementLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncomeStatementLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Income Statement [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncomeStatementLineItems_0" xlink:to="lbl_IncomeStatementLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncomeStatementLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income statement</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncomeStatementLineItems_0" xlink:to="lbl_IncomeStatementLineItems_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncomeStatementLineItems_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_EntityTable" xlink:label="loc_ubs_EntityTable_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EntityTable_0" xlink:to="lbl_EntityTable_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EntityTable_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Entity [Table]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DividendsRecognisedAsDistributions" xlink:label="loc_ubs_DividendsRecognisedAsDistributions_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DividendsRecognisedAsDistributions_0" xlink:to="lbl_DividendsRecognisedAsDistributions_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DividendsRecognisedAsDistributions_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Dividends Recognised As Distributions</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DividendsRecognisedAsDistributions_0" xlink:to="lbl_DividendsRecognisedAsDistributions_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DividendsRecognisedAsDistributions_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Dividends</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DividendsRecognisedAsDistributions_0" xlink:to="lbl_DividendsRecognisedAsDistributions_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DividendsRecognisedAsDistributions_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Dividends recognised as distributions to owners of parent, preferred noteholders and non-controlling interests.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_BalanceSheetLineItems" xlink:label="loc_ubs_BalanceSheetLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BalanceSheetLineItems_0" xlink:to="lbl_BalanceSheetLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BalanceSheetLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Balance Sheet [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BalanceSheetLineItems_0" xlink:to="lbl_BalanceSheetLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BalanceSheetLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Balance sheet</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BalanceSheetLineItems_0" xlink:to="lbl_BalanceSheetLineItems_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BalanceSheetLineItems_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CashCollateralReceivablesOnDerivativeInstruments" xlink:label="loc_ubs_CashCollateralReceivablesOnDerivativeInstruments_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashCollateralReceivablesOnDerivativeInstruments_0" xlink:to="lbl_CashCollateralReceivablesOnDerivativeInstruments_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashCollateralReceivablesOnDerivativeInstruments_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash Collateral Receivables On Derivative Instruments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashCollateralReceivablesOnDerivativeInstruments_0" xlink:to="lbl_CashCollateralReceivablesOnDerivativeInstruments_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashCollateralReceivablesOnDerivativeInstruments_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash collateral receivables on derivative instruments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashCollateralReceivablesOnDerivativeInstruments_0" xlink:to="lbl_CashCollateralReceivablesOnDerivativeInstruments_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashCollateralReceivablesOnDerivativeInstruments_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of exchange-traded derivative assets and certain OTC derivative assets cleared through central clearing counterparties which are either considered to be daily settled or qualify for netting.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashCollateralReceivablesOnDerivativeInstruments_0" xlink:to="lbl_CashCollateralReceivablesOnDerivativeInstruments_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashCollateralReceivablesOnDerivativeInstruments_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Cash collateral on securities borrowed (newly included in Receivables from securities financing transactions)</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_PropertyEquipmentSoftware" xlink:label="loc_ubs_PropertyEquipmentSoftware_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PropertyEquipmentSoftware_0" xlink:to="lbl_PropertyEquipmentSoftware_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PropertyEquipmentSoftware_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Property Equipment Software</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PropertyEquipmentSoftware_0" xlink:to="lbl_PropertyEquipmentSoftware_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PropertyEquipmentSoftware_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property, equipment and software</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PropertyEquipmentSoftware_0" xlink:to="lbl_PropertyEquipmentSoftware_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PropertyEquipmentSoftware_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of software-type of intangible asset, and tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PropertyEquipmentSoftware_0" xlink:to="lbl_PropertyEquipmentSoftware_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PropertyEquipmentSoftware_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Balance at the beginning of the year</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PropertyEquipmentSoftware_0" xlink:to="lbl_PropertyEquipmentSoftware_4"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PropertyEquipmentSoftware_4" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Balance at the end of the year</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CashCollateralPayablesOnDerivativeInstruments" xlink:label="loc_ubs_CashCollateralPayablesOnDerivativeInstruments_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashCollateralPayablesOnDerivativeInstruments_0" xlink:to="lbl_CashCollateralPayablesOnDerivativeInstruments_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashCollateralPayablesOnDerivativeInstruments_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash Collateral Payables On Derivative Instruments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashCollateralPayablesOnDerivativeInstruments_0" xlink:to="lbl_CashCollateralPayablesOnDerivativeInstruments_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashCollateralPayablesOnDerivativeInstruments_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash collateral payables on derivative instruments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashCollateralPayablesOnDerivativeInstruments_0" xlink:to="lbl_CashCollateralPayablesOnDerivativeInstruments_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashCollateralPayablesOnDerivativeInstruments_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of exchange-traded derivative liabilities and certain OTC derivative liabilities cleared through central clearing counterparties which are either considered to be daily settled or qualify for netting.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherComprehensiveIncomeChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityAbstract" xlink:label="loc_ubs_OtherComprehensiveIncomeChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherComprehensiveIncomeChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityAbstract_0" xlink:to="lbl_OtherComprehensiveIncomeChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherComprehensiveIncomeChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Comprehensive Income Change In Fair Value Of Financial Liability Attributable To Change In Credit Risk Of Liability [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherComprehensiveIncomeChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityAbstract_0" xlink:to="lbl_OtherComprehensiveIncomeChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherComprehensiveIncomeChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityAbstract_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Own credit on financial liabilities designated at fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_StatementOfCashFlowsLineItems" xlink:label="loc_ubs_StatementOfCashFlowsLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_StatementOfCashFlowsLineItems_0" xlink:to="lbl_StatementOfCashFlowsLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_StatementOfCashFlowsLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Statement Of Cash Flows [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_StatementOfCashFlowsLineItems_0" xlink:to="lbl_StatementOfCashFlowsLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_StatementOfCashFlowsLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Statement Of Cash Flows</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_StatementOfCashFlowsLineItems_0" xlink:to="lbl_StatementOfCashFlowsLineItems_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_StatementOfCashFlowsLineItems_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_NonCashItemsIncludedInNetProfitAndOtherAdjustmentsAbstract" xlink:label="loc_ubs_NonCashItemsIncludedInNetProfitAndOtherAdjustmentsAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NonCashItemsIncludedInNetProfitAndOtherAdjustmentsAbstract_0" xlink:to="lbl_NonCashItemsIncludedInNetProfitAndOtherAdjustmentsAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NonCashItemsIncludedInNetProfitAndOtherAdjustmentsAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Non Cash Items Included In Net Profit And Other Adjustments [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NonCashItemsIncludedInNetProfitAndOtherAdjustmentsAbstract_0" xlink:to="lbl_NonCashItemsIncludedInNetProfitAndOtherAdjustmentsAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NonCashItemsIncludedInNetProfitAndOtherAdjustmentsAbstract_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-cash items included in net profit and other adjustments:</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherAdjustmentsForWhichEffectsAreInvestingCashFlow" xlink:label="loc_ubs_OtherAdjustmentsForWhichEffectsAreInvestingCashFlow_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherAdjustmentsForWhichEffectsAreInvestingCashFlow_0" xlink:to="lbl_OtherAdjustmentsForWhichEffectsAreInvestingCashFlow_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherAdjustmentsForWhichEffectsAreInvestingCashFlow_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Adjustments For Which Effects Are Investing Cash Flow</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherAdjustmentsForWhichEffectsAreInvestingCashFlow_0" xlink:to="lbl_OtherAdjustmentsForWhichEffectsAreInvestingCashFlow_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherAdjustmentsForWhichEffectsAreInvestingCashFlow_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Adjustments to reconcile profit (loss) to net cash flow from (used in) operating activities for which effects are investing cash flow, that the entity does not separately disclose in the same statement or note.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherAdjustmentsForWhichEffectsAreInvestingCashFlow_0" xlink:to="lbl_OtherAdjustmentsForWhichEffectsAreInvestingCashFlow_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherAdjustmentsForWhichEffectsAreInvestingCashFlow_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net loss / (gain) from investing activities</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherAdjustmentsForWhichEffectsAreFinancingCashFlow" xlink:label="loc_ubs_OtherAdjustmentsForWhichEffectsAreFinancingCashFlow_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherAdjustmentsForWhichEffectsAreFinancingCashFlow_0" xlink:to="lbl_OtherAdjustmentsForWhichEffectsAreFinancingCashFlow_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherAdjustmentsForWhichEffectsAreFinancingCashFlow_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net loss / (gain) from financing activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherAdjustmentsForWhichEffectsAreFinancingCashFlow_0" xlink:to="lbl_OtherAdjustmentsForWhichEffectsAreFinancingCashFlow_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherAdjustmentsForWhichEffectsAreFinancingCashFlow_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Adjustments For Which Effects Are Financing Cash Flow</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherAdjustmentsForWhichEffectsAreFinancingCashFlow_0" xlink:to="lbl_OtherAdjustmentsForWhichEffectsAreFinancingCashFlow_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherAdjustmentsForWhichEffectsAreFinancingCashFlow_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Adjustments to reconcile profit (loss) to net cash flow from (used in) operating activities for which effects are financing cash flow, that the entity does not separately disclose in the same statement or note.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_IncreaseDecreaseInOtherOperatingAssetsAndLiabilitiesNetAbstract" xlink:label="loc_ubs_IncreaseDecreaseInOtherOperatingAssetsAndLiabilitiesNetAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseDecreaseInOtherOperatingAssetsAndLiabilitiesNetAbstract_0" xlink:to="lbl_IncreaseDecreaseInOtherOperatingAssetsAndLiabilitiesNetAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseDecreaseInOtherOperatingAssetsAndLiabilitiesNetAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Increase Decrease In Other Operating Assets And Liabilities Net Abstract</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseDecreaseInOtherOperatingAssetsAndLiabilitiesNetAbstract_0" xlink:to="lbl_IncreaseDecreaseInOtherOperatingAssetsAndLiabilitiesNetAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseDecreaseInOtherOperatingAssetsAndLiabilitiesNetAbstract_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net change in operating assets and liabilities:</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_PurchaseOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities" xlink:label="loc_ubs_PurchaseOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PurchaseOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_0" xlink:to="lbl_PurchaseOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PurchaseOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchase of subsidiaries, business, associates and intangible assets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PurchaseOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_0" xlink:to="lbl_PurchaseOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PurchaseOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Purchase Of Subsidiaries Associates And Intangible Assets Classified As Investing Activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PurchaseOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_0" xlink:to="lbl_PurchaseOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PurchaseOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The aggregate cash flows used in obtaining control of subsidiaries, business, associates and/or intangible assets, classified as investing activities.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PurchaseOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_0" xlink:to="lbl_PurchaseOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PurchaseOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase of subsidiaries, associates and intangible assets</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ProceedsFromSaleOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities" xlink:label="loc_ubs_ProceedsFromSaleOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProceedsFromSaleOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_0" xlink:to="lbl_ProceedsFromSaleOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProceedsFromSaleOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Sale Of Subsidiaries Associates And Intangible Assets Classified As Investing Activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProceedsFromSaleOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_0" xlink:to="lbl_ProceedsFromSaleOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProceedsFromSaleOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Disposal of subsidiaries, business, associates and intangible assets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProceedsFromSaleOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_0" xlink:to="lbl_ProceedsFromSaleOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProceedsFromSaleOfSubsidiariesAssociatesAndIntangibleAssetsClassifiedAsInvestingActivities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The aggregate cash flows arising from losing control of subsidiaries, business, associates and/or intangible assets, including dividends received from associates, classified as investing activities.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_PuchaseOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities" xlink:label="loc_ubs_PuchaseOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PuchaseOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_0" xlink:to="lbl_PuchaseOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PuchaseOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Puchase Of Property Equipment Software Classified As Investing Activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PuchaseOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_0" xlink:to="lbl_PuchaseOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PuchaseOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchase of property, equipment and software</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PuchaseOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_0" xlink:to="lbl_PuchaseOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PuchaseOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The cash outflow for the purchases of property, equipment and software, classified as investing activities.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PuchaseOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_0" xlink:to="lbl_PuchaseOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PuchaseOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase of property, equipment and software</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ProceedsFromSalesOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities" xlink:label="loc_ubs_ProceedsFromSalesOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProceedsFromSalesOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_0" xlink:to="lbl_ProceedsFromSalesOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProceedsFromSalesOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Sales Of Property Equipment Software Classified As Investing Activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProceedsFromSalesOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_0" xlink:to="lbl_ProceedsFromSalesOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProceedsFromSalesOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Disposal of property, equipment and software</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProceedsFromSalesOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_0" xlink:to="lbl_ProceedsFromSalesOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProceedsFromSalesOfPropertyEquipmentSoftwareClassifiedAsInvestingActivities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The cash inflow from sales of property, equipment and software, classified as investing activities.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_NetShortTermDebtIssuedRepaid" xlink:label="loc_ubs_NetShortTermDebtIssuedRepaid_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NetShortTermDebtIssuedRepaid_0" xlink:to="lbl_NetShortTermDebtIssuedRepaid_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetShortTermDebtIssuedRepaid_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Net Short Term Debt Issued Repaid</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NetShortTermDebtIssuedRepaid_0" xlink:to="lbl_NetShortTermDebtIssuedRepaid_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetShortTermDebtIssuedRepaid_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net short-term debt issued / (repaid)</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NetShortTermDebtIssuedRepaid_0" xlink:to="lbl_NetShortTermDebtIssuedRepaid_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetShortTermDebtIssuedRepaid_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The aggregate cash flows obtained from issuance of short term debt and (repayment of) short term debt issued.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NetShortTermDebtIssuedRepaid_0" xlink:to="lbl_NetShortTermDebtIssuedRepaid_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetShortTermDebtIssuedRepaid_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net issuance (repayment) of short-term debt measured at amortized cost</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_NetMovementInTreasurySharesAndOwnEquityDerivativeActivity" xlink:label="loc_ubs_NetMovementInTreasurySharesAndOwnEquityDerivativeActivity_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NetMovementInTreasurySharesAndOwnEquityDerivativeActivity_0" xlink:to="lbl_NetMovementInTreasurySharesAndOwnEquityDerivativeActivity_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetMovementInTreasurySharesAndOwnEquityDerivativeActivity_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Net Movement In Treasury Shares And Own Equity Derivative Activity</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NetMovementInTreasurySharesAndOwnEquityDerivativeActivity_0" xlink:to="lbl_NetMovementInTreasurySharesAndOwnEquityDerivativeActivity_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetMovementInTreasurySharesAndOwnEquityDerivativeActivity_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Net movements in treasury shares and own equity derivative activity</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NetMovementInTreasurySharesAndOwnEquityDerivativeActivity_0" xlink:to="lbl_NetMovementInTreasurySharesAndOwnEquityDerivativeActivity_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetMovementInTreasurySharesAndOwnEquityDerivativeActivity_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The aggregate cash flows from net movements in treasury shares and own equity derivative activity.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DueFromBanksClassifiedAsCashEquivalents" xlink:label="loc_ubs_DueFromBanksClassifiedAsCashEquivalents_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DueFromBanksClassifiedAsCashEquivalents_0" xlink:to="lbl_DueFromBanksClassifiedAsCashEquivalents_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DueFromBanksClassifiedAsCashEquivalents_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Due From Banks Classified As Cash Equivalents</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DueFromBanksClassifiedAsCashEquivalents_0" xlink:to="lbl_DueFromBanksClassifiedAsCashEquivalents_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DueFromBanksClassifiedAsCashEquivalents_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Due from banks classified as cash equivalents</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DueFromBanksClassifiedAsCashEquivalents_0" xlink:to="lbl_DueFromBanksClassifiedAsCashEquivalents_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DueFromBanksClassifiedAsCashEquivalents_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">A classification of cash equivalents representing due from banks.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DueFromBanksClassifiedAsCashEquivalents_0" xlink:to="lbl_DueFromBanksClassifiedAsCashEquivalents_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DueFromBanksClassifiedAsCashEquivalents_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel">Loans and advances to banks classified as cash equivalents</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DueFromBanksClassifiedAsCashEquivalents_0" xlink:to="lbl_DueFromBanksClassifiedAsCashEquivalents_4"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DueFromBanksClassifiedAsCashEquivalents_4" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: amounts due from banks</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CashFlowsFromUsedInOperatingActivitiesIncludesAbstract" xlink:label="loc_ubs_CashFlowsFromUsedInOperatingActivitiesIncludesAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashFlowsFromUsedInOperatingActivitiesIncludesAbstract_0" xlink:to="lbl_CashFlowsFromUsedInOperatingActivitiesIncludesAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowsFromUsedInOperatingActivitiesIncludesAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash Flows From Used In Operating Activities Includes Abstract</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashFlowsFromUsedInOperatingActivitiesIncludesAbstract_0" xlink:to="lbl_CashFlowsFromUsedInOperatingActivitiesIncludesAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashFlowsFromUsedInOperatingActivitiesIncludesAbstract_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net cash flow from / (used in) operating activities includes:</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentnetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="loc_ubs_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentnetOfTaxPeriodIncreaseDecreaseAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentnetOfTaxPeriodIncreaseDecreaseAbstract_0" xlink:to="lbl_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentnetOfTaxPeriodIncreaseDecreaseAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentnetOfTaxPeriodIncreaseDecreaseAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Comprehensive Income Defined Benefit Plans Adjustment net Of Tax Period Increase Decrease [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentnetOfTaxPeriodIncreaseDecreaseAbstract_0" xlink:to="lbl_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentnetOfTaxPeriodIncreaseDecreaseAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentnetOfTaxPeriodIncreaseDecreaseAbstract_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Defined benefit plans</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_InterestIncomeFromLoansAndDeposits" xlink:label="loc_ubs_InterestIncomeFromLoansAndDeposits_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestIncomeFromLoansAndDeposits_0" xlink:to="lbl_InterestIncomeFromLoansAndDeposits_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestIncomeFromLoansAndDeposits_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Interest Income From Loans And Deposits</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestIncomeFromLoansAndDeposits_0" xlink:to="lbl_InterestIncomeFromLoansAndDeposits_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestIncomeFromLoansAndDeposits_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest income from loans and deposits</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestIncomeFromLoansAndDeposits_0" xlink:to="lbl_InterestIncomeFromLoansAndDeposits_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestIncomeFromLoansAndDeposits_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of interest income from balances with central banks, amounts due from banks and loans, and negative interest on amounts due to banks and customers.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_InterestExpenseOnLoansAndDeposits" xlink:label="loc_ubs_InterestExpenseOnLoansAndDeposits_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestExpenseOnLoansAndDeposits_0" xlink:to="lbl_InterestExpenseOnLoansAndDeposits_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestExpenseOnLoansAndDeposits_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense On Loans And Deposits</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestExpenseOnLoansAndDeposits_0" xlink:to="lbl_InterestExpenseOnLoansAndDeposits_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestExpenseOnLoansAndDeposits_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest expense on loans and deposits</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestExpenseOnLoansAndDeposits_0" xlink:to="lbl_InterestExpenseOnLoansAndDeposits_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestExpenseOnLoansAndDeposits_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of interest expense on amounts due to banks, cash collateral payables on derivative instruments, and customer deposits, as well as negative interest on cash and balances at central banks, loans and advances to banks, and cash collateral receivables on derivative instruments.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_InterestExpenseOnSecuritiesFinancingTransactions" xlink:label="loc_ubs_InterestExpenseOnSecuritiesFinancingTransactions_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestExpenseOnSecuritiesFinancingTransactions_0" xlink:to="lbl_InterestExpenseOnSecuritiesFinancingTransactions_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestExpenseOnSecuritiesFinancingTransactions_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense On Securities Financing Transactions</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestExpenseOnSecuritiesFinancingTransactions_0" xlink:to="lbl_InterestExpenseOnSecuritiesFinancingTransactions_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestExpenseOnSecuritiesFinancingTransactions_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest expense on securities financing transactions measured at amortized cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestExpenseOnSecuritiesFinancingTransactions_0" xlink:to="lbl_InterestExpenseOnSecuritiesFinancingTransactions_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestExpenseOnSecuritiesFinancingTransactions_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of interest expense on securities lent and repurchase agreements and negative interest, including fees, on securities borrowed and reverse repurchase agreements.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_NetFeeAndCommissionIncomeLineItems" xlink:label="loc_ubs_NetFeeAndCommissionIncomeLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NetFeeAndCommissionIncomeLineItems_0" xlink:to="lbl_NetFeeAndCommissionIncomeLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetFeeAndCommissionIncomeLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Net fee And Commission Income [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NetFeeAndCommissionIncomeLineItems_0" xlink:to="lbl_NetFeeAndCommissionIncomeLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetFeeAndCommissionIncomeLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net fee and commission income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NetFeeAndCommissionIncomeLineItems_0" xlink:to="lbl_NetFeeAndCommissionIncomeLineItems_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetFeeAndCommissionIncomeLineItems_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_UnderwritingFees" xlink:label="loc_ubs_UnderwritingFees_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_UnderwritingFees_0" xlink:to="lbl_UnderwritingFees_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UnderwritingFees_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Underwriting Fees</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_UnderwritingFees_0" xlink:to="lbl_UnderwritingFees_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UnderwritingFees_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of income recognised from underwriting transactions.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_UnderwritingFees_0" xlink:to="lbl_UnderwritingFees_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UnderwritingFees_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Underwriting Fees</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_MACorporateFinanceFees" xlink:label="loc_ubs_MACorporateFinanceFees_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MACorporateFinanceFees_0" xlink:to="lbl_MACorporateFinanceFees_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MACorporateFinanceFees_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">MA Corporate Finance Fees</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MACorporateFinanceFees_0" xlink:to="lbl_MACorporateFinanceFees_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MACorporateFinanceFees_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">M&amp;A and corporate finance fees</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MACorporateFinanceFees_0" xlink:to="lbl_MACorporateFinanceFees_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MACorporateFinanceFees_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of fee income arising from merger and acquisition and corporate finance transactions.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherIncomeLineItems" xlink:label="loc_ubs_OtherIncomeLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherIncomeLineItems_0" xlink:to="lbl_OtherIncomeLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherIncomeLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Income [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherIncomeLineItems_0" xlink:to="lbl_OtherIncomeLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherIncomeLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherIncomeLineItems_0" xlink:to="lbl_OtherIncomeLineItems_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherIncomeLineItems_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_PersonnelExpensesLineItems" xlink:label="loc_ubs_PersonnelExpensesLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PersonnelExpensesLineItems_0" xlink:to="lbl_PersonnelExpensesLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PersonnelExpensesLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Personnel Expenses [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PersonnelExpensesLineItems_0" xlink:to="lbl_PersonnelExpensesLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PersonnelExpensesLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Personnel expenses</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PersonnelExpensesLineItems_0" xlink:to="lbl_PersonnelExpensesLineItems_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PersonnelExpensesLineItems_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ContractorEmployeeExpense" xlink:label="loc_ubs_ContractorEmployeeExpense_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ContractorEmployeeExpense_0" xlink:to="lbl_ContractorEmployeeExpense_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ContractorEmployeeExpense_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Contractor Employee Expense</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ContractorEmployeeExpense_0" xlink:to="lbl_ContractorEmployeeExpense_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ContractorEmployeeExpense_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Contractors</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ContractorEmployeeExpense_0" xlink:to="lbl_ContractorEmployeeExpense_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ContractorEmployeeExpense_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amout of expense for services rendered by contractors (individuals which are employed by a third party or self-employed)</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_IssuedDebtInstrumentsAbstract" xlink:label="loc_ubs_IssuedDebtInstrumentsAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IssuedDebtInstrumentsAbstract_0" xlink:to="lbl_IssuedDebtInstrumentsAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IssuedDebtInstrumentsAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Issued Debt Instruments [Abstract]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IssuedDebtInstrumentsAbstract_0" xlink:to="lbl_IssuedDebtInstrumentsAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IssuedDebtInstrumentsAbstract_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Issued debt instruments</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_EquityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss" xlink:label="loc_ubs_EquityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_EquityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Equity Linked Issued Debt Instruments Designated At Fair Value Through Profit Or Loss</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_EquityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity-linked</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_EquityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of equity-linked debt instruments that have been issued and are designated at fair value.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CreditLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss" xlink:label="loc_ubs_CreditLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_CreditLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Credit Linked Issued Debt Instruments Designated At Fair Value Through Profit Or Loss</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_CreditLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit-linked</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_CreditLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of credit-linked debt instruments that have been issued and are designated at fair value.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss" xlink:label="loc_ubs_OtherIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_OtherIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Issued Debt Instruments Designated At Fair Value Through Profit Or Loss</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_OtherIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_OtherIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of other miscellaneous debt instruments that have been issued and are designated at fair value.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_BondsIssuedSeniorUnsecured" xlink:label="loc_ubs_BondsIssuedSeniorUnsecured_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondsIssuedSeniorUnsecured_0" xlink:to="lbl_BondsIssuedSeniorUnsecured_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondsIssuedSeniorUnsecured_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Bonds Issued Senior Unsecured</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondsIssuedSeniorUnsecured_0" xlink:to="lbl_BondsIssuedSeniorUnsecured_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondsIssuedSeniorUnsecured_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Senior unsecured debt</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondsIssuedSeniorUnsecured_0" xlink:to="lbl_BondsIssuedSeniorUnsecured_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondsIssuedSeniorUnsecured_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of senior unsecured bonds other than TLAC issued by the entity.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_BondsIssuedCovered" xlink:label="loc_ubs_BondsIssuedCovered_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondsIssuedCovered_0" xlink:to="lbl_BondsIssuedCovered_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondsIssuedCovered_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Bonds Issued Covered</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondsIssuedCovered_0" xlink:to="lbl_BondsIssuedCovered_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondsIssuedCovered_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Covered bonds</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondsIssuedCovered_0" xlink:to="lbl_BondsIssuedCovered_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondsIssuedCovered_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of covered bonds issued by the entity.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOne" xlink:label="loc_ubs_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOne_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOne_0" xlink:to="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOne_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOne_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Subordinated Liabilities High Trigger Loss Absorbing Tier One</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOne_0" xlink:to="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOne_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOne_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: eligible as high-trigger loss-absorbing additional tier 1 capital instruments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOne_0" xlink:to="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOne_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOne_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of liabilities from high-trigger loss-absorbing additional tier 1 capital instruments that are subordinate to other liabilities with respect to claims.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOne_0" xlink:to="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOne_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOne_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">High-trigger loss-absorbing additional tier 1 capital instruments</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SubordinatedLiabilitiesLowTriggerLossAbsorbingTierOne" xlink:label="loc_ubs_SubordinatedLiabilitiesLowTriggerLossAbsorbingTierOne_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SubordinatedLiabilitiesLowTriggerLossAbsorbingTierOne_0" xlink:to="lbl_SubordinatedLiabilitiesLowTriggerLossAbsorbingTierOne_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SubordinatedLiabilitiesLowTriggerLossAbsorbingTierOne_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Subordinated Liabilities Low Trigger Loss Absorbing Tier One</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SubordinatedLiabilitiesLowTriggerLossAbsorbingTierOne_0" xlink:to="lbl_SubordinatedLiabilitiesLowTriggerLossAbsorbingTierOne_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SubordinatedLiabilitiesLowTriggerLossAbsorbingTierOne_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: eligible as low-trigger loss-absorbing additional tier 1 capital instruments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SubordinatedLiabilitiesLowTriggerLossAbsorbingTierOne_0" xlink:to="lbl_SubordinatedLiabilitiesLowTriggerLossAbsorbingTierOne_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SubordinatedLiabilitiesLowTriggerLossAbsorbingTierOne_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of liabilities from low-trigger loss-absorbing additional tier 1 capital instruments that are subordinate to other liabilities with respect to claims.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SubordinatedLiabilitiesLowTriggerLossAbsorbingTierOne_0" xlink:to="lbl_SubordinatedLiabilitiesLowTriggerLossAbsorbingTierOne_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SubordinatedLiabilitiesLowTriggerLossAbsorbingTierOne_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Low-trigger loss-absorbing additional tier 1 capital instruments</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SubordinatedLiabilitiesNonBaselIIICompliantTierTwo" xlink:label="loc_ubs_SubordinatedLiabilitiesNonBaselIIICompliantTierTwo_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SubordinatedLiabilitiesNonBaselIIICompliantTierTwo_0" xlink:to="lbl_SubordinatedLiabilitiesNonBaselIIICompliantTierTwo_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SubordinatedLiabilitiesNonBaselIIICompliantTierTwo_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Subordinated Liabilities Non Basel III Compliant Tier Two</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SubordinatedLiabilitiesNonBaselIIICompliantTierTwo_0" xlink:to="lbl_SubordinatedLiabilitiesNonBaselIIICompliantTierTwo_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SubordinatedLiabilitiesNonBaselIIICompliantTierTwo_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: eligible as non-Basel III-compliant tier 2 capital instruments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SubordinatedLiabilitiesNonBaselIIICompliantTierTwo_0" xlink:to="lbl_SubordinatedLiabilitiesNonBaselIIICompliantTierTwo_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SubordinatedLiabilitiesNonBaselIIICompliantTierTwo_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of liabilities from non Basel III-compliant tier 2 capital instruments that are subordinate to other liabilities with respect to claims.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_LongTermDebtIssuedThroughCentralBondInstitutionsSwiss" xlink:label="loc_ubs_LongTermDebtIssuedThroughCentralBondInstitutionsSwiss_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LongTermDebtIssuedThroughCentralBondInstitutionsSwiss_0" xlink:to="lbl_LongTermDebtIssuedThroughCentralBondInstitutionsSwiss_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LongTermDebtIssuedThroughCentralBondInstitutionsSwiss_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Long Term Debt Issued Through Central Bond Institutions Swiss</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LongTermDebtIssuedThroughCentralBondInstitutionsSwiss_0" xlink:to="lbl_LongTermDebtIssuedThroughCentralBondInstitutionsSwiss_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LongTermDebtIssuedThroughCentralBondInstitutionsSwiss_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt issued through the Swiss central mortgage institutions</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LongTermDebtIssuedThroughCentralBondInstitutionsSwiss_0" xlink:to="lbl_LongTermDebtIssuedThroughCentralBondInstitutionsSwiss_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LongTermDebtIssuedThroughCentralBondInstitutionsSwiss_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of debt issued through the central bond institutions of the Swiss regional or cantonal banks</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherLongTermDebtIssued" xlink:label="loc_ubs_OtherLongTermDebtIssued_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherLongTermDebtIssued_0" xlink:to="lbl_OtherLongTermDebtIssued_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherLongTermDebtIssued_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of other miscellaneous long-term debt issued by the entiy</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherLongTermDebtIssued_0" xlink:to="lbl_OtherLongTermDebtIssued_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherLongTermDebtIssued_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other long-term debt</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherLongTermDebtIssued_0" xlink:to="lbl_OtherLongTermDebtIssued_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherLongTermDebtIssued_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Long Term Debt Issued</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_AmountDueUnderUnitLinkedInvestmentContracts" xlink:label="loc_ubs_AmountDueUnderUnitLinkedInvestmentContracts_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AmountDueUnderUnitLinkedInvestmentContracts_0" xlink:to="lbl_AmountDueUnderUnitLinkedInvestmentContracts_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AmountDueUnderUnitLinkedInvestmentContracts_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial liabilities related to unit-linked investment contracts</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AmountDueUnderUnitLinkedInvestmentContracts_0" xlink:to="lbl_AmountDueUnderUnitLinkedInvestmentContracts_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AmountDueUnderUnitLinkedInvestmentContracts_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of financial liabilities related to unit-linked investment contracts.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AmountDueUnderUnitLinkedInvestmentContracts_0" xlink:to="lbl_AmountDueUnderUnitLinkedInvestmentContracts_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AmountDueUnderUnitLinkedInvestmentContracts_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Amount Due Under Unit-linked Investment Contracts</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CompensationrelatedLiabilities" xlink:label="loc_ubs_CompensationrelatedLiabilities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CompensationrelatedLiabilities_0" xlink:to="lbl_CompensationrelatedLiabilities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CompensationrelatedLiabilities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Compensation-related liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CompensationrelatedLiabilities_0" xlink:to="lbl_CompensationrelatedLiabilities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CompensationrelatedLiabilities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of compensation-related liabilities.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CompensationrelatedLiabilities_0" xlink:to="lbl_CompensationrelatedLiabilities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CompensationrelatedLiabilities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Compensation-related Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_PayablesFromTaxesOtherThanIncomeTax" xlink:label="loc_ubs_PayablesFromTaxesOtherThanIncomeTax_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PayablesFromTaxesOtherThanIncomeTax_0" xlink:to="lbl_PayablesFromTaxesOtherThanIncomeTax_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PayablesFromTaxesOtherThanIncomeTax_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Payables From Taxes Other Than Income Tax</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PayablesFromTaxesOtherThanIncomeTax_0" xlink:to="lbl_PayablesFromTaxesOtherThanIncomeTax_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PayablesFromTaxesOtherThanIncomeTax_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">VAT, withholding tax and other tax payables</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PayablesFromTaxesOtherThanIncomeTax_0" xlink:to="lbl_PayablesFromTaxesOtherThanIncomeTax_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PayablesFromTaxesOtherThanIncomeTax_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of value-added taxes and other tax payables for current and prior periods to the extent unpaid.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_FinancialInstrumentAxis" xlink:label="loc_ubs_FinancialInstrumentAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FinancialInstrumentAxis_0" xlink:to="lbl_FinancialInstrumentAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FinancialInstrumentAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Financial Instrument [Axis]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FinancialInstrumentAxis_0" xlink:to="lbl_FinancialInstrumentAxis_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FinancialInstrumentAxis_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The axis of a table defines the relationship between the domain members or categories in the table and the line items or concepts that complete the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_GovernmentBillsBondsMember" xlink:label="loc_ubs_GovernmentBillsBondsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GovernmentBillsBondsMember_0" xlink:to="lbl_GovernmentBillsBondsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GovernmentBillsBondsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Government Bills Bonds [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GovernmentBillsBondsMember_0" xlink:to="lbl_GovernmentBillsBondsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GovernmentBillsBondsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Government bills / bonds</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GovernmentBillsBondsMember_0" xlink:to="lbl_GovernmentBillsBondsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GovernmentBillsBondsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to government bills and/or bonds.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GovernmentBillsBondsMember_0" xlink:to="lbl_GovernmentBillsBondsMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GovernmentBillsBondsMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Government bills / bonds</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CorporateAndMunicipalBondsMember" xlink:label="loc_ubs_CorporateAndMunicipalBondsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CorporateAndMunicipalBondsMember_0" xlink:to="lbl_CorporateAndMunicipalBondsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CorporateAndMunicipalBondsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Corporate And Municipal Bonds [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CorporateAndMunicipalBondsMember_0" xlink:to="lbl_CorporateAndMunicipalBondsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CorporateAndMunicipalBondsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Corporate and municipal bonds</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CorporateAndMunicipalBondsMember_0" xlink:to="lbl_CorporateAndMunicipalBondsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CorporateAndMunicipalBondsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to corporate and municipal bonds.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CorporateAndMunicipalBondsMember_0" xlink:to="lbl_CorporateAndMunicipalBondsMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CorporateAndMunicipalBondsMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Corporate and municipal bonds</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_LoansAndAdvancesToCustomersMember" xlink:label="loc_ubs_LoansAndAdvancesToCustomersMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LoansAndAdvancesToCustomersMember_0" xlink:to="lbl_LoansAndAdvancesToCustomersMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansAndAdvancesToCustomersMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Loans And Advances To Customers [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LoansAndAdvancesToCustomersMember_0" xlink:to="lbl_LoansAndAdvancesToCustomersMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansAndAdvancesToCustomersMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: Loans</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LoansAndAdvancesToCustomersMember_0" xlink:to="lbl_LoansAndAdvancesToCustomersMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansAndAdvancesToCustomersMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to loans and advances the entity has made to customers.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LoansAndAdvancesToCustomersMember_0" xlink:to="lbl_LoansAndAdvancesToCustomersMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansAndAdvancesToCustomersMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Loans and advances to customers</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_AssetBackedSecuritiesMember" xlink:label="loc_ubs_AssetBackedSecuritiesMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AssetBackedSecuritiesMember_0" xlink:to="lbl_AssetBackedSecuritiesMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AssetBackedSecuritiesMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Asset Backed Securities [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AssetBackedSecuritiesMember_0" xlink:to="lbl_AssetBackedSecuritiesMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AssetBackedSecuritiesMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Asset-backed securities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AssetBackedSecuritiesMember_0" xlink:to="lbl_AssetBackedSecuritiesMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AssetBackedSecuritiesMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Asset-backed securities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AssetBackedSecuritiesMember_0" xlink:to="lbl_AssetBackedSecuritiesMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AssetBackedSecuritiesMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to asset backed securities.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_FinancialAssetsForUnitLinkedInvestmentContractsMember" xlink:label="loc_ubs_FinancialAssetsForUnitLinkedInvestmentContractsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FinancialAssetsForUnitLinkedInvestmentContractsMember_0" xlink:to="lbl_FinancialAssetsForUnitLinkedInvestmentContractsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FinancialAssetsForUnitLinkedInvestmentContractsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to financial assets for unit linked investment contracts.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FinancialAssetsForUnitLinkedInvestmentContractsMember_0" xlink:to="lbl_FinancialAssetsForUnitLinkedInvestmentContractsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FinancialAssetsForUnitLinkedInvestmentContractsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial assets for unit-linked investment contracts</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FinancialAssetsForUnitLinkedInvestmentContractsMember_0" xlink:to="lbl_FinancialAssetsForUnitLinkedInvestmentContractsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FinancialAssetsForUnitLinkedInvestmentContractsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Financial Assets For Unit Linked Investment Contracts [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FinancialAssetsForUnitLinkedInvestmentContractsMember_0" xlink:to="lbl_FinancialAssetsForUnitLinkedInvestmentContractsMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FinancialAssetsForUnitLinkedInvestmentContractsMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Financial assets for unit-linked investment contracts</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_InterestRateContractsMember" xlink:label="loc_ubs_InterestRateContractsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestRateContractsMember_0" xlink:to="lbl_InterestRateContractsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestRateContractsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to interest rate contracts.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestRateContractsMember_0" xlink:to="lbl_InterestRateContractsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestRateContractsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest rate</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestRateContractsMember_0" xlink:to="lbl_InterestRateContractsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestRateContractsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate Contracts [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestRateContractsMember_0" xlink:to="lbl_InterestRateContractsMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestRateContractsMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Interest rate</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CreditDerivativeContractsMember" xlink:label="loc_ubs_CreditDerivativeContractsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditDerivativeContractsMember_0" xlink:to="lbl_CreditDerivativeContractsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditDerivativeContractsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to credit derivative contracts.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditDerivativeContractsMember_0" xlink:to="lbl_CreditDerivativeContractsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditDerivativeContractsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditDerivativeContractsMember_0" xlink:to="lbl_CreditDerivativeContractsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditDerivativeContractsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Credit Derivative Contracts [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditDerivativeContractsMember_0" xlink:to="lbl_CreditDerivativeContractsMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditDerivativeContractsMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Credit</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ForeignExchangeContractsMember" xlink:label="loc_ubs_ForeignExchangeContractsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ForeignExchangeContractsMember_0" xlink:to="lbl_ForeignExchangeContractsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ForeignExchangeContractsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Foreign Exchange Contracts [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ForeignExchangeContractsMember_0" xlink:to="lbl_ForeignExchangeContractsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ForeignExchangeContractsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Foreign exchange</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ForeignExchangeContractsMember_0" xlink:to="lbl_ForeignExchangeContractsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ForeignExchangeContractsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to foreign exchange contracts.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ForeignExchangeContractsMember_0" xlink:to="lbl_ForeignExchangeContractsMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ForeignExchangeContractsMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Foreign exchange</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_EquityIndexContractsMember" xlink:label="loc_ubs_EquityIndexContractsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityIndexContractsMember_0" xlink:to="lbl_EquityIndexContractsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityIndexContractsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Equity Index Contracts [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityIndexContractsMember_0" xlink:to="lbl_EquityIndexContractsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityIndexContractsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity / index</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityIndexContractsMember_0" xlink:to="lbl_EquityIndexContractsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityIndexContractsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to equity and/or index contracts.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityIndexContractsMember_0" xlink:to="lbl_EquityIndexContractsMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityIndexContractsMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Equity / index</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CommodityContractsMember" xlink:label="loc_ubs_CommodityContractsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CommodityContractsMember_0" xlink:to="lbl_CommodityContractsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommodityContractsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Commodity Contracts [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CommodityContractsMember_0" xlink:to="lbl_CommodityContractsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommodityContractsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commodities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CommodityContractsMember_0" xlink:to="lbl_CommodityContractsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommodityContractsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to commodity contracts.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CommodityContractsMember_0" xlink:to="lbl_CommodityContractsMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommodityContractsMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Commodities</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DeferredDay1ProfitOrLossLineItems" xlink:label="loc_ubs_DeferredDay1ProfitOrLossLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DeferredDay1ProfitOrLossLineItems_0" xlink:to="lbl_DeferredDay1ProfitOrLossLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DeferredDay1ProfitOrLossLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Day-1 Profit Or Loss [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DeferredDay1ProfitOrLossLineItems_0" xlink:to="lbl_DeferredDay1ProfitOrLossLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DeferredDay1ProfitOrLossLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_IncreaseDecreaseThroughNetExchangeDifferencesAggregateDifferenceBetweenFairValueAtInitialRecognitionAndAmountDeterminedUsingValuationtechniqueYetToBeRecognised" xlink:label="loc_ubs_IncreaseDecreaseThroughNetExchangeDifferencesAggregateDifferenceBetweenFairValueAtInitialRecognitionAndAmountDeterminedUsingValuationtechniqueYetToBeRecognised_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseDecreaseThroughNetExchangeDifferencesAggregateDifferenceBetweenFairValueAtInitialRecognitionAndAmountDeterminedUsingValuationtechniqueYetToBeRecognised_0" xlink:to="lbl_IncreaseDecreaseThroughNetExchangeDifferencesAggregateDifferenceBetweenFairValueAtInitialRecognitionAndAmountDeterminedUsingValuationtechniqueYetToBeRecognised_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseDecreaseThroughNetExchangeDifferencesAggregateDifferenceBetweenFairValueAtInitialRecognitionAndAmountDeterminedUsingValuationtechniqueYetToBeRecognised_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Increase Decrease Through Net Exchange Differences Aggregate Difference Between Fair Value At Initial Recognition And Amount Determined Using ValuationTechnique Yet To Be Recognised</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseDecreaseThroughNetExchangeDifferencesAggregateDifferenceBetweenFairValueAtInitialRecognitionAndAmountDeterminedUsingValuationtechniqueYetToBeRecognised_0" xlink:to="lbl_IncreaseDecreaseThroughNetExchangeDifferencesAggregateDifferenceBetweenFairValueAtInitialRecognitionAndAmountDeterminedUsingValuationtechniqueYetToBeRecognised_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseDecreaseThroughNetExchangeDifferencesAggregateDifferenceBetweenFairValueAtInitialRecognitionAndAmountDeterminedUsingValuationtechniqueYetToBeRecognised_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Foreign currency translation</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseDecreaseThroughNetExchangeDifferencesAggregateDifferenceBetweenFairValueAtInitialRecognitionAndAmountDeterminedUsingValuationtechniqueYetToBeRecognised_0" xlink:to="lbl_IncreaseDecreaseThroughNetExchangeDifferencesAggregateDifferenceBetweenFairValueAtInitialRecognitionAndAmountDeterminedUsingValuationtechniqueYetToBeRecognised_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseDecreaseThroughNetExchangeDifferencesAggregateDifferenceBetweenFairValueAtInitialRecognitionAndAmountDeterminedUsingValuationtechniqueYetToBeRecognised_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The increase (decrease) in the aggregate difference between the fair value at initial recognition and the transaction price of financial instruments yet to be recognised in profit or loss resulting from foreign currency translation.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_InterestRateContractsNetMember" xlink:label="loc_ubs_InterestRateContractsNetMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestRateContractsNetMember_0" xlink:to="lbl_InterestRateContractsNetMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestRateContractsNetMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate Contracts Net [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestRateContractsNetMember_0" xlink:to="lbl_InterestRateContractsNetMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestRateContractsNetMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest rate derivative contracts, net</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestRateContractsNetMember_0" xlink:to="lbl_InterestRateContractsNetMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestRateContractsNetMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to interest rate derivative contracts, net.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestRateContractsNetMember_0" xlink:to="lbl_InterestRateContractsNetMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestRateContractsNetMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Interest rate</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CreditDerivativeContractsNetMember" xlink:label="loc_ubs_CreditDerivativeContractsNetMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditDerivativeContractsNetMember_0" xlink:to="lbl_CreditDerivativeContractsNetMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditDerivativeContractsNetMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Credit Derivative Contracts Net [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditDerivativeContractsNetMember_0" xlink:to="lbl_CreditDerivativeContractsNetMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditDerivativeContractsNetMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit derivatives, net</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditDerivativeContractsNetMember_0" xlink:to="lbl_CreditDerivativeContractsNetMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditDerivativeContractsNetMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to credit derivative contracts, net.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditDerivativeContractsNetMember_0" xlink:to="lbl_CreditDerivativeContractsNetMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditDerivativeContractsNetMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Credit</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ForeignExchangeContractsNetMember" xlink:label="loc_ubs_ForeignExchangeContractsNetMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ForeignExchangeContractsNetMember_0" xlink:to="lbl_ForeignExchangeContractsNetMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ForeignExchangeContractsNetMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Foreign Exchange Contracts Net [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ForeignExchangeContractsNetMember_0" xlink:to="lbl_ForeignExchangeContractsNetMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ForeignExchangeContractsNetMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Foreign exchange derivatives, net</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ForeignExchangeContractsNetMember_0" xlink:to="lbl_ForeignExchangeContractsNetMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ForeignExchangeContractsNetMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to foreign exchange contracts, net.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_EquityIndexContractsNetMember" xlink:label="loc_ubs_EquityIndexContractsNetMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityIndexContractsNetMember_0" xlink:to="lbl_EquityIndexContractsNetMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityIndexContractsNetMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Equity Index Contracts Net [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityIndexContractsNetMember_0" xlink:to="lbl_EquityIndexContractsNetMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityIndexContractsNetMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity / index derivatives, net</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityIndexContractsNetMember_0" xlink:to="lbl_EquityIndexContractsNetMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityIndexContractsNetMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to equity and/or index contracts, net.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityIndexContractsNetMember_0" xlink:to="lbl_EquityIndexContractsNetMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityIndexContractsNetMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Equity / index</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherFinancialInstrumentsNetMember" xlink:label="loc_ubs_OtherFinancialInstrumentsNetMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialInstrumentsNetMember_0" xlink:to="lbl_OtherFinancialInstrumentsNetMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialInstrumentsNetMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Financial Instruments Net [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialInstrumentsNetMember_0" xlink:to="lbl_OtherFinancialInstrumentsNetMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialInstrumentsNetMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialInstrumentsNetMember_0" xlink:to="lbl_OtherFinancialInstrumentsNetMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialInstrumentsNetMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to other financial instruments.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignCurrencyTranslationImpact" xlink:label="loc_ubs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignCurrencyTranslationImpact_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignCurrencyTranslationImpact_0" xlink:to="lbl_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignCurrencyTranslationImpact_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignCurrencyTranslationImpact_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Foreign Currency Translation Impact</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignCurrencyTranslationImpact_0" xlink:to="lbl_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignCurrencyTranslationImpact_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignCurrencyTranslationImpact_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Foreign currency translation</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignCurrencyTranslationImpact_0" xlink:to="lbl_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignCurrencyTranslationImpact_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetForeignCurrencyTranslationImpact_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This element represents the impact of foreign currency translation on the fair value of assets which is measured on a recurring basis using significant unobservable inputs reconciliation (Level 3).</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForeignCurrencyTranslationImpact" xlink:label="loc_ubs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForeignCurrencyTranslationImpact_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForeignCurrencyTranslationImpact_0" xlink:to="lbl_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForeignCurrencyTranslationImpact_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForeignCurrencyTranslationImpact_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Foreign Currency Translation Impact</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForeignCurrencyTranslationImpact_0" xlink:to="lbl_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForeignCurrencyTranslationImpact_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForeignCurrencyTranslationImpact_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Foreign currency translation</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForeignCurrencyTranslationImpact_0" xlink:to="lbl_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForeignCurrencyTranslationImpact_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityForeignCurrencyTranslationImpact_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This element represents the impact of foreign currency translation on the fair value of liability which is measured on a recurring basis using significant unobservable inputs reconciliation (Level 3).</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CashAndBankBalancesAtCentralBanksMember" xlink:label="loc_ubs_CashAndBankBalancesAtCentralBanksMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashAndBankBalancesAtCentralBanksMember_0" xlink:to="lbl_CashAndBankBalancesAtCentralBanksMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashAndBankBalancesAtCentralBanksMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash and balances at central banks</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashAndBankBalancesAtCentralBanksMember_0" xlink:to="lbl_CashAndBankBalancesAtCentralBanksMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashAndBankBalancesAtCentralBanksMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash And Bank Balances At Central Banks [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashAndBankBalancesAtCentralBanksMember_0" xlink:to="lbl_CashAndBankBalancesAtCentralBanksMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashAndBankBalancesAtCentralBanksMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to cash and balances with central banks.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CashCollateralReceivablesOnDerivativeInstrumentsMember" xlink:label="loc_ubs_CashCollateralReceivablesOnDerivativeInstrumentsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashCollateralReceivablesOnDerivativeInstrumentsMember_0" xlink:to="lbl_CashCollateralReceivablesOnDerivativeInstrumentsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashCollateralReceivablesOnDerivativeInstrumentsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash collateral receivables on derivative instruments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashCollateralReceivablesOnDerivativeInstrumentsMember_0" xlink:to="lbl_CashCollateralReceivablesOnDerivativeInstrumentsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashCollateralReceivablesOnDerivativeInstrumentsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to cash collateral receivables on derivative instruments.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashCollateralReceivablesOnDerivativeInstrumentsMember_0" xlink:to="lbl_CashCollateralReceivablesOnDerivativeInstrumentsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashCollateralReceivablesOnDerivativeInstrumentsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash Collateral Receivables On Derivative Instruments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_MarketComparableAndSecuritizationModelMember" xlink:label="loc_ubs_MarketComparableAndSecuritizationModelMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MarketComparableAndSecuritizationModelMember_0" xlink:to="lbl_MarketComparableAndSecuritizationModelMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MarketComparableAndSecuritizationModelMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Market Comparable And Securitization Model [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MarketComparableAndSecuritizationModelMember_0" xlink:to="lbl_MarketComparableAndSecuritizationModelMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MarketComparableAndSecuritizationModelMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Market comparable and securitization model</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MarketComparableAndSecuritizationModelMember_0" xlink:to="lbl_MarketComparableAndSecuritizationModelMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MarketComparableAndSecuritizationModelMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for a specific valuation technique consistent with the market approach and available securitization model.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CashCollateralPayablesOnDerivativeInstrumentsMember" xlink:label="loc_ubs_CashCollateralPayablesOnDerivativeInstrumentsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashCollateralPayablesOnDerivativeInstrumentsMember_0" xlink:to="lbl_CashCollateralPayablesOnDerivativeInstrumentsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashCollateralPayablesOnDerivativeInstrumentsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash Collateral Payables On Derivative Instruments [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashCollateralPayablesOnDerivativeInstrumentsMember_0" xlink:to="lbl_CashCollateralPayablesOnDerivativeInstrumentsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashCollateralPayablesOnDerivativeInstrumentsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash collateral payables on derivative instruments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashCollateralPayablesOnDerivativeInstrumentsMember_0" xlink:to="lbl_CashCollateralPayablesOnDerivativeInstrumentsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashCollateralPayablesOnDerivativeInstrumentsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to cash collateral payables on derivative instruments.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherFinancialAssetsAtAmortisedCost" xlink:label="loc_ubs_OtherFinancialAssetsAtAmortisedCost_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialAssetsAtAmortisedCost_0" xlink:to="lbl_OtherFinancialAssetsAtAmortisedCost_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialAssetsAtAmortisedCost_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Financial Assets At Amortised Cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialAssetsAtAmortisedCost_0" xlink:to="lbl_OtherFinancialAssetsAtAmortisedCost_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialAssetsAtAmortisedCost_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of other financial assets that are held at amortized cost.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialAssetsAtAmortisedCost_0" xlink:to="lbl_OtherFinancialAssetsAtAmortisedCost_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialAssetsAtAmortisedCost_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other financial assets measured at amortized cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialAssetsAtAmortisedCost_0" xlink:to="lbl_OtherFinancialAssetsAtAmortisedCost_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialAssetsAtAmortisedCost_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total other financial assets measured at amortized cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialAssetsAtAmortisedCost_0" xlink:to="lbl_OtherFinancialAssetsAtAmortisedCost_4"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialAssetsAtAmortisedCost_4" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Other financial assets measured at amortized cost</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherFinancialLiabilitiesAtAmortisedCost" xlink:label="loc_ubs_OtherFinancialLiabilitiesAtAmortisedCost_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialLiabilitiesAtAmortisedCost_0" xlink:to="lbl_OtherFinancialLiabilitiesAtAmortisedCost_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilitiesAtAmortisedCost_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Financial Liabilities At Amortised Cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialLiabilitiesAtAmortisedCost_0" xlink:to="lbl_OtherFinancialLiabilitiesAtAmortisedCost_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilitiesAtAmortisedCost_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other financial liabilities measured at amortized cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialLiabilitiesAtAmortisedCost_0" xlink:to="lbl_OtherFinancialLiabilitiesAtAmortisedCost_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilitiesAtAmortisedCost_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of other financial liabilities that are held at amortized cost.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialLiabilitiesAtAmortisedCost_0" xlink:to="lbl_OtherFinancialLiabilitiesAtAmortisedCost_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilitiesAtAmortisedCost_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total other financial liabilities measured at amortized cost</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ForwardStartingTransactionsReverseRepurchaseAndSecuritiesBorrowingAgreementsMember" xlink:label="loc_ubs_ForwardStartingTransactionsReverseRepurchaseAndSecuritiesBorrowingAgreementsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ForwardStartingTransactionsReverseRepurchaseAndSecuritiesBorrowingAgreementsMember_0" xlink:to="lbl_ForwardStartingTransactionsReverseRepurchaseAndSecuritiesBorrowingAgreementsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ForwardStartingTransactionsReverseRepurchaseAndSecuritiesBorrowingAgreementsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Forward Starting Transactions Reverse Repurchase And Securities Borrowing Agreements [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ForwardStartingTransactionsReverseRepurchaseAndSecuritiesBorrowingAgreementsMember_0" xlink:to="lbl_ForwardStartingTransactionsReverseRepurchaseAndSecuritiesBorrowingAgreementsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ForwardStartingTransactionsReverseRepurchaseAndSecuritiesBorrowingAgreementsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Forward starting reverse repurchase and securities borrowing agreements</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ForwardStartingTransactionsReverseRepurchaseAndSecuritiesBorrowingAgreementsMember_0" xlink:to="lbl_ForwardStartingTransactionsReverseRepurchaseAndSecuritiesBorrowingAgreementsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ForwardStartingTransactionsReverseRepurchaseAndSecuritiesBorrowingAgreementsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to forward starting transactions, reverse repurchase and securities borrowing agreements.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedMember" xlink:label="loc_ubs_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedMember_0" xlink:to="lbl_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Receivables from securities financing transactions measured at amortized cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedMember_0" xlink:to="lbl_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Reverse Repurchase Agreements And Cash Collateral On Securities Borrowed [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedMember_0" xlink:to="lbl_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to reverse repurchase agreements and cash collateral on securities borrowed.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedMember_0" xlink:to="lbl_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowedMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Repurchase agreements</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ForeignExchangeRatesLineItems" xlink:label="loc_ubs_ForeignExchangeRatesLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ForeignExchangeRatesLineItems_0" xlink:to="lbl_ForeignExchangeRatesLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ForeignExchangeRatesLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Foreign Exchange Rates [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ForeignExchangeRatesLineItems_0" xlink:to="lbl_ForeignExchangeRatesLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ForeignExchangeRatesLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfLitigationRegulatoryAndSimilarMattersLineItems" xlink:label="loc_ubs_DisclosureOfLitigationRegulatoryAndSimilarMattersLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfLitigationRegulatoryAndSimilarMattersLineItems_0" xlink:to="lbl_DisclosureOfLitigationRegulatoryAndSimilarMattersLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfLitigationRegulatoryAndSimilarMattersLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Litigation Regulatory And Similar Matters [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfLitigationRegulatoryAndSimilarMattersLineItems_0" xlink:to="lbl_DisclosureOfLitigationRegulatoryAndSimilarMattersLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfLitigationRegulatoryAndSimilarMattersLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfLitigationRegulatoryAndSimilarMattersTable" xlink:label="loc_ubs_DisclosureOfLitigationRegulatoryAndSimilarMattersTable_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfLitigationRegulatoryAndSimilarMattersTable_0" xlink:to="lbl_DisclosureOfLitigationRegulatoryAndSimilarMattersTable_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfLitigationRegulatoryAndSimilarMattersTable_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Litigation Regulatory And Similar Matters [Table]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfLitigationRegulatoryAndSimilarMattersTable_0" xlink:to="lbl_DisclosureOfLitigationRegulatoryAndSimilarMattersTable_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfLitigationRegulatoryAndSimilarMattersTable_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule disclosing information related to litigation, regulatory and similar matters.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_MinimumTotalClaimsAgainstAllDefendants" xlink:label="loc_ubs_MinimumTotalClaimsAgainstAllDefendants_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MinimumTotalClaimsAgainstAllDefendants_0" xlink:to="lbl_MinimumTotalClaimsAgainstAllDefendants_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MinimumTotalClaimsAgainstAllDefendants_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Minimum Total Claims Against All Defendants</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MinimumTotalClaimsAgainstAllDefendants_0" xlink:to="lbl_MinimumTotalClaimsAgainstAllDefendants_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MinimumTotalClaimsAgainstAllDefendants_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minimum total claims against all defendants</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MinimumTotalClaimsAgainstAllDefendants_0" xlink:to="lbl_MinimumTotalClaimsAgainstAllDefendants_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MinimumTotalClaimsAgainstAllDefendants_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The minimum amount of total claims against all defendants.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_LitigationRegulatoryAndSimilarMattersAxis" xlink:label="loc_ubs_LitigationRegulatoryAndSimilarMattersAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LitigationRegulatoryAndSimilarMattersAxis_0" xlink:to="lbl_LitigationRegulatoryAndSimilarMattersAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LitigationRegulatoryAndSimilarMattersAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Litigation Regulatory And Similar Matters [Axis]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LitigationRegulatoryAndSimilarMattersAxis_0" xlink:to="lbl_LitigationRegulatoryAndSimilarMattersAxis_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LitigationRegulatoryAndSimilarMattersAxis_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The axis of a table defines the relationship between the domain members or categories in the table and the line items or concepts that complete the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_LitigationRegulatoryAndSimilarMattersMember" xlink:label="loc_ubs_LitigationRegulatoryAndSimilarMattersMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LitigationRegulatoryAndSimilarMattersMember_0" xlink:to="lbl_LitigationRegulatoryAndSimilarMattersMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LitigationRegulatoryAndSimilarMattersMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Litigation Regulatory And Similar Matters [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LitigationRegulatoryAndSimilarMattersMember_0" xlink:to="lbl_LitigationRegulatoryAndSimilarMattersMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LitigationRegulatoryAndSimilarMattersMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member refers to all litigation, regulatory and similar matters.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_InterestIncomeFromHedgingInstrumentsCashFlowHedges" xlink:label="loc_ubs_InterestIncomeFromHedgingInstrumentsCashFlowHedges_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestIncomeFromHedgingInstrumentsCashFlowHedges_0" xlink:to="lbl_InterestIncomeFromHedgingInstrumentsCashFlowHedges_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestIncomeFromHedgingInstrumentsCashFlowHedges_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Interest Income From Hedging Instruments Cash Flow Hedges</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestIncomeFromHedgingInstrumentsCashFlowHedges_0" xlink:to="lbl_InterestIncomeFromHedgingInstrumentsCashFlowHedges_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestIncomeFromHedgingInstrumentsCashFlowHedges_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of interest income from derivative instruments designated as hedging instruments for cash flow hedges.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestIncomeFromHedgingInstrumentsCashFlowHedges_0" xlink:to="lbl_InterestIncomeFromHedgingInstrumentsCashFlowHedges_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestIncomeFromHedgingInstrumentsCashFlowHedges_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest income from derivative instruments designated as cash flow hedges</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfDesignatedFinancialLiabilitiesAtFairValueThroughProfitOrLoss" xlink:label="loc_ubs_DisclosureOfDesignatedFinancialLiabilitiesAtFairValueThroughProfitOrLoss_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfDesignatedFinancialLiabilitiesAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_DisclosureOfDesignatedFinancialLiabilitiesAtFairValueThroughProfitOrLoss_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfDesignatedFinancialLiabilitiesAtFairValueThroughProfitOrLoss_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Designated Financial Liabilities At Fair Value Through Profit Or Loss</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfDesignatedFinancialLiabilitiesAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_DisclosureOfDesignatedFinancialLiabilitiesAtFairValueThroughProfitOrLoss_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfDesignatedFinancialLiabilitiesAtFairValueThroughProfitOrLoss_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt issued designated at fair value</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfDesignatedFinancialLiabilitiesAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_DisclosureOfDesignatedFinancialLiabilitiesAtFairValueThroughProfitOrLoss_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfDesignatedFinancialLiabilitiesAtFairValueThroughProfitOrLoss_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The disclosure of financial liabilities designated at fair value through profit or loss.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_NotesLitigationRegulatoryAndSimilarMattersLineItems" xlink:label="loc_ubs_NotesLitigationRegulatoryAndSimilarMattersLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NotesLitigationRegulatoryAndSimilarMattersLineItems_0" xlink:to="lbl_NotesLitigationRegulatoryAndSimilarMattersLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NotesLitigationRegulatoryAndSimilarMattersLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Notes Litigation Regulatory And Similar Matters [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NotesLitigationRegulatoryAndSimilarMattersLineItems_0" xlink:to="lbl_NotesLitigationRegulatoryAndSimilarMattersLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NotesLitigationRegulatoryAndSimilarMattersLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfLegalProceedingsProvisionExplanatory" xlink:label="loc_ubs_DisclosureOfLegalProceedingsProvisionExplanatory_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfLegalProceedingsProvisionExplanatory_0" xlink:to="lbl_DisclosureOfLegalProceedingsProvisionExplanatory_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfLegalProceedingsProvisionExplanatory_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Legal Proceedings Provision Explanatory</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfLegalProceedingsProvisionExplanatory_0" xlink:to="lbl_DisclosureOfLegalProceedingsProvisionExplanatory_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfLegalProceedingsProvisionExplanatory_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Provisions for litigation, regulatory and similar matters, by business division and in Group Items</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfLegalProceedingsProvisionExplanatory_0" xlink:to="lbl_DisclosureOfLegalProceedingsProvisionExplanatory_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfLegalProceedingsProvisionExplanatory_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The disclosure of provisions for litigation, regulatory and similar matters.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfForeignExchangeRatesExplanatory" xlink:label="loc_ubs_DisclosureOfForeignExchangeRatesExplanatory_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfForeignExchangeRatesExplanatory_0" xlink:to="lbl_DisclosureOfForeignExchangeRatesExplanatory_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfForeignExchangeRatesExplanatory_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Foreign Exchange Rates Explanatory</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfForeignExchangeRatesExplanatory_0" xlink:to="lbl_DisclosureOfForeignExchangeRatesExplanatory_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfForeignExchangeRatesExplanatory_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Currency translation rates</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfForeignExchangeRatesExplanatory_0" xlink:to="lbl_DisclosureOfForeignExchangeRatesExplanatory_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfForeignExchangeRatesExplanatory_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The disclosure of foreign exchange rates.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SettlementAndClearingAccountsAssets" xlink:label="loc_ubs_SettlementAndClearingAccountsAssets_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SettlementAndClearingAccountsAssets_0" xlink:to="lbl_SettlementAndClearingAccountsAssets_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SettlementAndClearingAccountsAssets_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Settlement And Clearing Accounts Assets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SettlementAndClearingAccountsAssets_0" xlink:to="lbl_SettlementAndClearingAccountsAssets_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SettlementAndClearingAccountsAssets_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Settlement and clearing accounts</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SettlementAndClearingAccountsAssets_0" xlink:to="lbl_SettlementAndClearingAccountsAssets_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SettlementAndClearingAccountsAssets_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of receivables in settlement and clearing accounts.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SettlementAndClearingAccountsLiabilities" xlink:label="loc_ubs_SettlementAndClearingAccountsLiabilities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SettlementAndClearingAccountsLiabilities_0" xlink:to="lbl_SettlementAndClearingAccountsLiabilities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SettlementAndClearingAccountsLiabilities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Settlement And Clearing Accounts Liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SettlementAndClearingAccountsLiabilities_0" xlink:to="lbl_SettlementAndClearingAccountsLiabilities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SettlementAndClearingAccountsLiabilities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Settlement and clearing accounts</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SettlementAndClearingAccountsLiabilities_0" xlink:to="lbl_SettlementAndClearingAccountsLiabilities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SettlementAndClearingAccountsLiabilities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Amounts payable for money transfers, money orders, and consumer payment service arrangements. Settlement liabilities include amounts payable to intermediaries for global payment transfers.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CashAndBankBalancesAtCentralBanksClassifiedAsCashEquivalents" xlink:label="loc_ubs_CashAndBankBalancesAtCentralBanksClassifiedAsCashEquivalents_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashAndBankBalancesAtCentralBanksClassifiedAsCashEquivalents_0" xlink:to="lbl_CashAndBankBalancesAtCentralBanksClassifiedAsCashEquivalents_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashAndBankBalancesAtCentralBanksClassifiedAsCashEquivalents_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Cash And Bank Balances At Central Banks Classified As Cash Equivalents</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashAndBankBalancesAtCentralBanksClassifiedAsCashEquivalents_0" xlink:to="lbl_CashAndBankBalancesAtCentralBanksClassifiedAsCashEquivalents_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashAndBankBalancesAtCentralBanksClassifiedAsCashEquivalents_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash and balances at central banks classified as cash equivalents</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashAndBankBalancesAtCentralBanksClassifiedAsCashEquivalents_0" xlink:to="lbl_CashAndBankBalancesAtCentralBanksClassifiedAsCashEquivalents_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashAndBankBalancesAtCentralBanksClassifiedAsCashEquivalents_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: cash and balances at central banks</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CashAndBankBalancesAtCentralBanksClassifiedAsCashEquivalents_0" xlink:to="lbl_CashAndBankBalancesAtCentralBanksClassifiedAsCashEquivalents_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CashAndBankBalancesAtCentralBanksClassifiedAsCashEquivalents_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">A classification of cash equivalents representing cash and bank balances at central banks.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfFairValueMeasurementLineItems" xlink:label="loc_ubs_DisclosureOfFairValueMeasurementLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfFairValueMeasurementLineItems_0" xlink:to="lbl_DisclosureOfFairValueMeasurementLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfFairValueMeasurementLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Fair Value Measurement [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfFairValueMeasurementLineItems_0" xlink:to="lbl_DisclosureOfFairValueMeasurementLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfFairValueMeasurementLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfFairValueMeasurementLineItems_0" xlink:to="lbl_DisclosureOfFairValueMeasurementLineItems_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfFairValueMeasurementLineItems_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Disclosure of significant unobservable inputs used in fair value measurement [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_StatementOfComprehensiveIncomeTable" xlink:label="loc_ubs_StatementOfComprehensiveIncomeTable_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_StatementOfComprehensiveIncomeTable_0" xlink:to="lbl_StatementOfComprehensiveIncomeTable_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_StatementOfComprehensiveIncomeTable_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Statement Of Comprehensive Income [Table]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_StatementOfComprehensiveIncomeTable_0" xlink:to="lbl_StatementOfComprehensiveIncomeTable_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_StatementOfComprehensiveIncomeTable_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule disclosing information related to details of statement of comprehensive income.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfDeferredDayOneProfitOrLossExplanatory" xlink:label="loc_ubs_DisclosureOfDeferredDayOneProfitOrLossExplanatory_0"></link:loc>
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    <link:label xlink:type="resource" xlink:label="lbl_ConsolidatedEntitiesDomainMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">UBS Group AG (consolidated)</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_ConsolidatedEntitiesDomainMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Consolidated Entities Domain [Member]</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_ConsolidatedEntitiesDomainMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Components, elimination, non-segment corporate-level activity and reconciling items used in consolidating a parent entity and its subsidiaries or its operating segments.</link:label>
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    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xlink:label="loc_ubs_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_0"></link:loc>
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    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other financial liabilities designated at fair value</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_0" xlink:to="lbl_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of other financial liabilities designated at fair value.</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total other financial liabilities designated at fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_MadoffLuxembourgMember" xlink:label="loc_ubs_MadoffLuxembourgMember_0"></link:loc>
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    <link:label xlink:type="resource" xlink:label="lbl_MadoffLuxembourgMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Madoff Luxembourg [Member]</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_MadoffLuxembourgMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Madoff | claims filed in Luxembourg by liquidators of two Luxembourg funds against UBS entities, non-UBS entities and certain individuals</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_MadoffLuxembourgMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member refers to claims related to Bernard L. Madoff Investment Securities LLC (BMIS) investment fraud filed in Luxembourg.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_BrokerageReceivablesMeasuredAtFairValueThroughProfitOrLoss" xlink:label="loc_ubs_BrokerageReceivablesMeasuredAtFairValueThroughProfitOrLoss_0"></link:loc>
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    <link:label xlink:type="resource" xlink:label="lbl_BrokerageReceivablesMeasuredAtFairValueThroughProfitOrLoss_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Brokerage receivables</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_BrokerageReceivablesMeasuredAtFairValueThroughProfitOrLoss_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of brokerage receivables mandatorily measured at fair value through profit or loss.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_BrokeragePayablesMeasuredAtFairValueThroughProfitOrLoss" xlink:label="loc_ubs_BrokeragePayablesMeasuredAtFairValueThroughProfitOrLoss_0"></link:loc>
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    <link:label xlink:type="resource" xlink:label="lbl_BrokeragePayablesMeasuredAtFairValueThroughProfitOrLoss_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Brokerage Payables Measured At Fair Value Through Profit Or Loss</link:label>
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    <link:label xlink:type="resource" xlink:label="lbl_BrokeragePayablesMeasuredAtFairValueThroughProfitOrLoss_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Brokerage payables designated at fair value</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BrokeragePayablesMeasuredAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_BrokeragePayablesMeasuredAtFairValueThroughProfitOrLoss_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BrokeragePayablesMeasuredAtFairValueThroughProfitOrLoss_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of brokerage payables designated at fair value through profit or loss.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_AdjustmentsForDueFromToBanks" xlink:label="loc_ubs_AdjustmentsForDueFromToBanks_0"></link:loc>
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    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AdjustmentsForDueFromToBanks_0" xlink:to="lbl_AdjustmentsForDueFromToBanks_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AdjustmentsForDueFromToBanks_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amounts due from banks and amounts due to banks</link:label>
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    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_AdjustmentsForCashCollateralOnDerivativeInstruments" xlink:label="loc_ubs_AdjustmentsForCashCollateralOnDerivativeInstruments_0"></link:loc>
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    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_AdjustmentsForDecreaseIncreaseInFinancialAssetsAndFinancialLiabilitiesHeldForTradingAndDerivativeFinancialInstruments" xlink:label="loc_ubs_AdjustmentsForDecreaseIncreaseInFinancialAssetsAndFinancialLiabilitiesHeldForTradingAndDerivativeFinancialInstruments_0"></link:loc>
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    <link:label xlink:type="resource" xlink:label="lbl_AdjustmentsForDecreaseIncreaseInFinancialAssetsAndFinancialLiabilitiesHeldForTradingAndDerivativeFinancialInstruments_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Financial assets and liabilities at fair value held for trading and derivative financial instruments</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_AdjustmentsForDecreaseIncreaseInBrokerageReceivablesAndBrokeragePayables" xlink:label="loc_ubs_AdjustmentsForDecreaseIncreaseInBrokerageReceivablesAndBrokeragePayables_0"></link:loc>
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    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AdjustmentsForDecreaseIncreaseInBrokerageReceivablesAndBrokeragePayables_0" xlink:to="lbl_AdjustmentsForDecreaseIncreaseInBrokerageReceivablesAndBrokeragePayables_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AdjustmentsForDecreaseIncreaseInBrokerageReceivablesAndBrokeragePayables_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Brokerage receivables and payables</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AdjustmentsForDecreaseIncreaseInBrokerageReceivablesAndBrokeragePayables_0" xlink:to="lbl_AdjustmentsForDecreaseIncreaseInBrokerageReceivablesAndBrokeragePayables_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AdjustmentsForDecreaseIncreaseInBrokerageReceivablesAndBrokeragePayables_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Adjustments for decrease (increase) in brokerage receivables and payables to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsAndOtherFinancialLiabilities" xlink:label="loc_ubs_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsAndOtherFinancialLiabilities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsAndOtherFinancialLiabilities_0" xlink:to="lbl_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsAndOtherFinancialLiabilities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsAndOtherFinancialLiabilities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Adjustments For Decrease Increase In Other Financial Assets And Other Financial Liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsAndOtherFinancialLiabilities_0" xlink:to="lbl_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsAndOtherFinancialLiabilities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsAndOtherFinancialLiabilities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial assets at fair value not held for trading and other financial assets and liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsAndOtherFinancialLiabilities_0" xlink:to="lbl_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsAndOtherFinancialLiabilities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsAndOtherFinancialLiabilities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Adjustments for decrease (increase) in other financial assets and liabilities to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsAndOtherFinancialLiabilities_0" xlink:to="lbl_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsAndOtherFinancialLiabilities_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AdjustmentsForDecreaseIncreaseInOtherFinancialAssetsAndOtherFinancialLiabilities_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Financial assets at fair value not held for trading and other financial assets and liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SegmentGWMMember" xlink:label="loc_ubs_SegmentGWMMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentGWMMember_0" xlink:to="lbl_SegmentGWMMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentGWMMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Segment GWM [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentGWMMember_0" xlink:to="lbl_SegmentGWMMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentGWMMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Global Wealth Management</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentGWMMember_0" xlink:to="lbl_SegmentGWMMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentGWMMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for the business division Global Wealth Management.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentGWMMember_0" xlink:to="lbl_SegmentGWMMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentGWMMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Global Wealth Management</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_GoodsOrServicesTransferredOnRecurringBasisMember" xlink:label="loc_ubs_GoodsOrServicesTransferredOnRecurringBasisMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GoodsOrServicesTransferredOnRecurringBasisMember_0" xlink:to="lbl_GoodsOrServicesTransferredOnRecurringBasisMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GoodsOrServicesTransferredOnRecurringBasisMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Goods Or Services Transferred On Recurring Basis [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GoodsOrServicesTransferredOnRecurringBasisMember_0" xlink:to="lbl_GoodsOrServicesTransferredOnRecurringBasisMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GoodsOrServicesTransferredOnRecurringBasisMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: recurring</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GoodsOrServicesTransferredOnRecurringBasisMember_0" xlink:to="lbl_GoodsOrServicesTransferredOnRecurringBasisMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GoodsOrServicesTransferredOnRecurringBasisMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for goods or services transferred to customers on a recurring basis.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_StructuredSecuritiesFinancingTransactionsMember" xlink:label="loc_ubs_StructuredSecuritiesFinancingTransactionsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_StructuredSecuritiesFinancingTransactionsMember_0" xlink:to="lbl_StructuredSecuritiesFinancingTransactionsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_StructuredSecuritiesFinancingTransactionsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Structured Securities Financing Transactions [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_StructuredSecuritiesFinancingTransactionsMember_0" xlink:to="lbl_StructuredSecuritiesFinancingTransactionsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_StructuredSecuritiesFinancingTransactionsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Securities financing transactions</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_StructuredSecuritiesFinancingTransactionsMember_0" xlink:to="lbl_StructuredSecuritiesFinancingTransactionsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_StructuredSecuritiesFinancingTransactionsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to structured securities financing transactions.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_StructuredSecuritiesFinancingTransactionsMember_0" xlink:to="lbl_StructuredSecuritiesFinancingTransactionsMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_StructuredSecuritiesFinancingTransactionsMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Securities financing transactions</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_AuctionRateSecuritiesMember" xlink:label="loc_ubs_AuctionRateSecuritiesMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AuctionRateSecuritiesMember_0" xlink:to="lbl_AuctionRateSecuritiesMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AuctionRateSecuritiesMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Auction Rate Securities [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AuctionRateSecuritiesMember_0" xlink:to="lbl_AuctionRateSecuritiesMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AuctionRateSecuritiesMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Auction rate securities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AuctionRateSecuritiesMember_0" xlink:to="lbl_AuctionRateSecuritiesMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AuctionRateSecuritiesMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to auction rate securities.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AuctionRateSecuritiesMember_0" xlink:to="lbl_AuctionRateSecuritiesMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AuctionRateSecuritiesMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Auction rate securities</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DebtSecuritiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember" xlink:label="loc_ubs_DebtSecuritiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtSecuritiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_0" xlink:to="lbl_DebtSecuritiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtSecuritiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities Issued At Fair Value Through Profit Or Loss Designated As UponInitial Recognition [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtSecuritiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_0" xlink:to="lbl_DebtSecuritiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtSecuritiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt issued designated at fair value</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtSecuritiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_0" xlink:to="lbl_DebtSecuritiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtSecuritiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for debt issued designated at fair value.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember" xlink:label="loc_ubs_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_0" xlink:to="lbl_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Financial Liabilities At Fair Value Through Profit Or Loss Designated As Upon Initial Recognition [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_0" xlink:to="lbl_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other financial liabilities designated at fair value</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_0" xlink:to="lbl_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for the other financial liabilities designated at fair value.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_AmountDueUnderUnitLinkedInvestmentContractsMember" xlink:label="loc_ubs_AmountDueUnderUnitLinkedInvestmentContractsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AmountDueUnderUnitLinkedInvestmentContractsMember_0" xlink:to="lbl_AmountDueUnderUnitLinkedInvestmentContractsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AmountDueUnderUnitLinkedInvestmentContractsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Amount Due Under Unit Linked Investment Contracts [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AmountDueUnderUnitLinkedInvestmentContractsMember_0" xlink:to="lbl_AmountDueUnderUnitLinkedInvestmentContractsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AmountDueUnderUnitLinkedInvestmentContractsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amounts due under unit-linked investment contracts</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AmountDueUnderUnitLinkedInvestmentContractsMember_0" xlink:to="lbl_AmountDueUnderUnitLinkedInvestmentContractsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AmountDueUnderUnitLinkedInvestmentContractsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to amounts related to unit-linked investment contracts.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AmountDueUnderUnitLinkedInvestmentContractsMember_0" xlink:to="lbl_AmountDueUnderUnitLinkedInvestmentContractsMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AmountDueUnderUnitLinkedInvestmentContractsMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Financial liabilities related to unit-linked investment contracts</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_TradedLoansLoansAtFairValueLoanCommitmentsAndGuaranteesMember" xlink:label="loc_ubs_TradedLoansLoansAtFairValueLoanCommitmentsAndGuaranteesMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_TradedLoansLoansAtFairValueLoanCommitmentsAndGuaranteesMember_0" xlink:to="lbl_TradedLoansLoansAtFairValueLoanCommitmentsAndGuaranteesMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_TradedLoansLoansAtFairValueLoanCommitmentsAndGuaranteesMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Traded Loans Loans At Fair Value Loan Commitments And Guarantees [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_TradedLoansLoansAtFairValueLoanCommitmentsAndGuaranteesMember_0" xlink:to="lbl_TradedLoansLoansAtFairValueLoanCommitmentsAndGuaranteesMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_TradedLoansLoansAtFairValueLoanCommitmentsAndGuaranteesMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans at fair value (held for trading and not held for trading) and guarantees</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_TradedLoansLoansAtFairValueLoanCommitmentsAndGuaranteesMember_0" xlink:to="lbl_TradedLoansLoansAtFairValueLoanCommitmentsAndGuaranteesMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_TradedLoansLoansAtFairValueLoanCommitmentsAndGuaranteesMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to loans at fair value (held for trading and not held for trading) and guarantees.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_TradedLoansLoansAtFairValueLoanCommitmentsAndGuaranteesMember_0" xlink:to="lbl_TradedLoansLoansAtFairValueLoanCommitmentsAndGuaranteesMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_TradedLoansLoansAtFairValueLoanCommitmentsAndGuaranteesMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Financial assets and liabilities at fair value held for trading, Financial assets at fair value not held for trading: Loans at fair value (held for trading and not held for trading) and guarantees</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OnBalanceSheetFinancialInstrumentsMember" xlink:label="loc_ubs_OnBalanceSheetFinancialInstrumentsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OnBalanceSheetFinancialInstrumentsMember_0" xlink:to="lbl_OnBalanceSheetFinancialInstrumentsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OnBalanceSheetFinancialInstrumentsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">On Balance Sheet Financial Instruments [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OnBalanceSheetFinancialInstrumentsMember_0" xlink:to="lbl_OnBalanceSheetFinancialInstrumentsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OnBalanceSheetFinancialInstrumentsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total on-balance sheet financial assets in scope of ECL requirements</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OnBalanceSheetFinancialInstrumentsMember_0" xlink:to="lbl_OnBalanceSheetFinancialInstrumentsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OnBalanceSheetFinancialInstrumentsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total on balance sheet financial instruments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OnBalanceSheetFinancialInstrumentsMember_0" xlink:to="lbl_OnBalanceSheetFinancialInstrumentsMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OnBalanceSheetFinancialInstrumentsMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to on-balance sheet financial instruments.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherFinancialAssetsAtAmortisedCostMember" xlink:label="loc_ubs_OtherFinancialAssetsAtAmortisedCostMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialAssetsAtAmortisedCostMember_0" xlink:to="lbl_OtherFinancialAssetsAtAmortisedCostMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialAssetsAtAmortisedCostMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Financial Assets At Amortised Cost [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialAssetsAtAmortisedCostMember_0" xlink:to="lbl_OtherFinancialAssetsAtAmortisedCostMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialAssetsAtAmortisedCostMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other financial assets measured at amortized cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialAssetsAtAmortisedCostMember_0" xlink:to="lbl_OtherFinancialAssetsAtAmortisedCostMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialAssetsAtAmortisedCostMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for the other financial assets measured at amortized cost.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CommittedRevocableCreditLinesMember" xlink:label="loc_ubs_CommittedRevocableCreditLinesMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CommittedRevocableCreditLinesMember_0" xlink:to="lbl_CommittedRevocableCreditLinesMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommittedRevocableCreditLinesMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Committed Revocable Credit Lines [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CommittedRevocableCreditLinesMember_0" xlink:to="lbl_CommittedRevocableCreditLinesMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommittedRevocableCreditLinesMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Committed unconditionally revocable credit lines</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CommittedRevocableCreditLinesMember_0" xlink:to="lbl_CommittedRevocableCreditLinesMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommittedRevocableCreditLinesMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to committed revocable credit lines.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CommittedRevocableCreditLinesMember_0" xlink:to="lbl_CommittedRevocableCreditLinesMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommittedRevocableCreditLinesMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Committed unconditionally revocable credit lines / Unconditionally revocable loan commitments</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_IrrevocableCommittedProlongationOfLoansMember" xlink:label="loc_ubs_IrrevocableCommittedProlongationOfLoansMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IrrevocableCommittedProlongationOfLoansMember_0" xlink:to="lbl_IrrevocableCommittedProlongationOfLoansMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IrrevocableCommittedProlongationOfLoansMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Irrevocable Committed Prolongation Of Loans [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IrrevocableCommittedProlongationOfLoansMember_0" xlink:to="lbl_IrrevocableCommittedProlongationOfLoansMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IrrevocableCommittedProlongationOfLoansMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Irrevocable committed prolongation of existing loans</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IrrevocableCommittedProlongationOfLoansMember_0" xlink:to="lbl_IrrevocableCommittedProlongationOfLoansMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IrrevocableCommittedProlongationOfLoansMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to irrevocable committed prolongation of existing loans.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_RealEstateLoanMember" xlink:label="loc_ubs_RealEstateLoanMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RealEstateLoanMember_0" xlink:to="lbl_RealEstateLoanMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RealEstateLoanMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Loan [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RealEstateLoanMember_0" xlink:to="lbl_RealEstateLoanMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RealEstateLoanMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real estate financing</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RealEstateLoanMember_0" xlink:to="lbl_RealEstateLoanMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RealEstateLoanMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to real estate loan.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RealEstateLoanMember_0" xlink:to="lbl_RealEstateLoanMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RealEstateLoanMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Real estate financing</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SmallMediumEnterpriseMember" xlink:label="loc_ubs_SmallMediumEnterpriseMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SmallMediumEnterpriseMember_0" xlink:to="lbl_SmallMediumEnterpriseMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SmallMediumEnterpriseMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Small Medium Enterprise [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SmallMediumEnterpriseMember_0" xlink:to="lbl_SmallMediumEnterpriseMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SmallMediumEnterpriseMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">SME clients</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SmallMediumEnterpriseMember_0" xlink:to="lbl_SmallMediumEnterpriseMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SmallMediumEnterpriseMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to small and medium-sized enterprise.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SmallMediumEnterpriseMember_0" xlink:to="lbl_SmallMediumEnterpriseMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SmallMediumEnterpriseMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: SME clients</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherFinancialAssetsAtAmortisedCostMiscellaneous" xlink:label="loc_ubs_OtherFinancialAssetsAtAmortisedCostMiscellaneous_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialAssetsAtAmortisedCostMiscellaneous_0" xlink:to="lbl_OtherFinancialAssetsAtAmortisedCostMiscellaneous_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialAssetsAtAmortisedCostMiscellaneous_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Financial Assets At Amortised Cost Miscellaneous</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialAssetsAtAmortisedCostMiscellaneous_0" xlink:to="lbl_OtherFinancialAssetsAtAmortisedCostMiscellaneous_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialAssetsAtAmortisedCostMiscellaneous_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialAssetsAtAmortisedCostMiscellaneous_0" xlink:to="lbl_OtherFinancialAssetsAtAmortisedCostMiscellaneous_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialAssetsAtAmortisedCostMiscellaneous_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of other miscellaneous financial assets that are held at amortized cost.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_PreciousMetalsAndOtherPhysicalCommodities" xlink:label="loc_ubs_PreciousMetalsAndOtherPhysicalCommodities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PreciousMetalsAndOtherPhysicalCommodities_0" xlink:to="lbl_PreciousMetalsAndOtherPhysicalCommodities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PreciousMetalsAndOtherPhysicalCommodities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Precious metals and other physical commodities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PreciousMetalsAndOtherPhysicalCommodities_0" xlink:to="lbl_PreciousMetalsAndOtherPhysicalCommodities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PreciousMetalsAndOtherPhysicalCommodities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of precious metals and other physical commodities.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherFinancialLiabilitiesAtAmortisedCostMiscellaneous" xlink:label="loc_ubs_OtherFinancialLiabilitiesAtAmortisedCostMiscellaneous_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialLiabilitiesAtAmortisedCostMiscellaneous_0" xlink:to="lbl_OtherFinancialLiabilitiesAtAmortisedCostMiscellaneous_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilitiesAtAmortisedCostMiscellaneous_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Financial Liabilities At Amortised Cost Miscellaneous</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialLiabilitiesAtAmortisedCostMiscellaneous_0" xlink:to="lbl_OtherFinancialLiabilitiesAtAmortisedCostMiscellaneous_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilitiesAtAmortisedCostMiscellaneous_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialLiabilitiesAtAmortisedCostMiscellaneous_0" xlink:to="lbl_OtherFinancialLiabilitiesAtAmortisedCostMiscellaneous_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilitiesAtAmortisedCostMiscellaneous_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of other miscellaneous financial liabilities that are held at amortized cost.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_StructuredSecuritiesFinancingTransactions" xlink:label="loc_ubs_StructuredSecuritiesFinancingTransactions_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_StructuredSecuritiesFinancingTransactions_0" xlink:to="lbl_StructuredSecuritiesFinancingTransactions_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_StructuredSecuritiesFinancingTransactions_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Structured Securities Financing Transactions</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_StructuredSecuritiesFinancingTransactions_0" xlink:to="lbl_StructuredSecuritiesFinancingTransactions_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_StructuredSecuritiesFinancingTransactions_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Securities financing transactions</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_StructuredSecuritiesFinancingTransactions_0" xlink:to="lbl_StructuredSecuritiesFinancingTransactions_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_StructuredSecuritiesFinancingTransactions_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of structured securities financing transactions.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_PersonnelRelatedRestructuringProvision" xlink:label="loc_ubs_PersonnelRelatedRestructuringProvision_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PersonnelRelatedRestructuringProvision_0" xlink:to="lbl_PersonnelRelatedRestructuringProvision_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PersonnelRelatedRestructuringProvision_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Personnel Related Restructuring Provision</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PersonnelRelatedRestructuringProvision_0" xlink:to="lbl_PersonnelRelatedRestructuringProvision_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PersonnelRelatedRestructuringProvision_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Personnel-related restructuring provisions</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PersonnelRelatedRestructuringProvision_0" xlink:to="lbl_PersonnelRelatedRestructuringProvision_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PersonnelRelatedRestructuringProvision_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of personnel-related provision for restructuring, such as the sale or termination of a line of business; closure of business locations in a country or region or relocation of activities from one country or region to another; changes in management structure; and fundamental reorganisations that have a material effect on the nature and focus of the entity's operations. [Refer: Other provisions]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_LoansAndAdvancesToBanksMember" xlink:label="loc_ubs_LoansAndAdvancesToBanksMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LoansAndAdvancesToBanksMember_0" xlink:to="lbl_LoansAndAdvancesToBanksMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansAndAdvancesToBanksMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Loans And Advances To Banks [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LoansAndAdvancesToBanksMember_0" xlink:to="lbl_LoansAndAdvancesToBanksMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansAndAdvancesToBanksMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amounts due from banks</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LoansAndAdvancesToBanksMember_0" xlink:to="lbl_LoansAndAdvancesToBanksMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansAndAdvancesToBanksMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to loans and advances to banks.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LoansAndAdvancesToBanksMember_0" xlink:to="lbl_LoansAndAdvancesToBanksMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansAndAdvancesToBanksMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Amounts due from banks</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_FairValueMeasurementLineItems" xlink:label="loc_ubs_FairValueMeasurementLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FairValueMeasurementLineItems_0" xlink:to="lbl_FairValueMeasurementLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FairValueMeasurementLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FairValueMeasurementLineItems_0" xlink:to="lbl_FairValueMeasurementLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FairValueMeasurementLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfProvisionsBreakdownExplanatory" xlink:label="loc_ubs_DisclosureOfProvisionsBreakdownExplanatory_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfProvisionsBreakdownExplanatory_0" xlink:to="lbl_DisclosureOfProvisionsBreakdownExplanatory_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfProvisionsBreakdownExplanatory_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Provisions Breakdown Explanatory</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfProvisionsBreakdownExplanatory_0" xlink:to="lbl_DisclosureOfProvisionsBreakdownExplanatory_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfProvisionsBreakdownExplanatory_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Overview of total provisions and contingent liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfProvisionsBreakdownExplanatory_0" xlink:to="lbl_DisclosureOfProvisionsBreakdownExplanatory_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfProvisionsBreakdownExplanatory_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The disclosure of provisions.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherNonFinancialAssetsLineItems" xlink:label="loc_ubs_OtherNonFinancialAssetsLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNonFinancialAssetsLineItems_0" xlink:to="lbl_OtherNonFinancialAssetsLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonFinancialAssetsLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Non-Financial Assets [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNonFinancialAssetsLineItems_0" xlink:to="lbl_OtherNonFinancialAssetsLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonFinancialAssetsLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other assets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNonFinancialAssetsLineItems_0" xlink:to="lbl_OtherNonFinancialAssetsLineItems_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonFinancialAssetsLineItems_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherNonFinancialAssetsMiscellaneous" xlink:label="loc_ubs_OtherNonFinancialAssetsMiscellaneous_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNonFinancialAssetsMiscellaneous_0" xlink:to="lbl_OtherNonFinancialAssetsMiscellaneous_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonFinancialAssetsMiscellaneous_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Non Financial Assets Miscellaneous</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNonFinancialAssetsMiscellaneous_0" xlink:to="lbl_OtherNonFinancialAssetsMiscellaneous_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonFinancialAssetsMiscellaneous_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNonFinancialAssetsMiscellaneous_0" xlink:to="lbl_OtherNonFinancialAssetsMiscellaneous_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonFinancialAssetsMiscellaneous_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of other miscellaneous non-financial assets.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherNonFinancialLiabilitiesLineItems" xlink:label="loc_ubs_OtherNonFinancialLiabilitiesLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNonFinancialLiabilitiesLineItems_0" xlink:to="lbl_OtherNonFinancialLiabilitiesLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonFinancialLiabilitiesLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Non-Financial Liabilities [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNonFinancialLiabilitiesLineItems_0" xlink:to="lbl_OtherNonFinancialLiabilitiesLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonFinancialLiabilitiesLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherNonFinancialLiabilitiesMiscellaneous" xlink:label="loc_ubs_OtherNonFinancialLiabilitiesMiscellaneous_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNonFinancialLiabilitiesMiscellaneous_0" xlink:to="lbl_OtherNonFinancialLiabilitiesMiscellaneous_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonFinancialLiabilitiesMiscellaneous_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Non Financial Liabilities Miscellaneous</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNonFinancialLiabilitiesMiscellaneous_0" xlink:to="lbl_OtherNonFinancialLiabilitiesMiscellaneous_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonFinancialLiabilitiesMiscellaneous_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNonFinancialLiabilitiesMiscellaneous_0" xlink:to="lbl_OtherNonFinancialLiabilitiesMiscellaneous_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonFinancialLiabilitiesMiscellaneous_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of other miscellaneous non-financial liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_LossContingencyDamagesSoughtValue" xlink:label="loc_ubs_LossContingencyDamagesSoughtValue_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LossContingencyDamagesSoughtValue_0" xlink:to="lbl_LossContingencyDamagesSoughtValue_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LossContingencyDamagesSoughtValue_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Loss Contingency Damages Sought Value</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LossContingencyDamagesSoughtValue_0" xlink:to="lbl_LossContingencyDamagesSoughtValue_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LossContingencyDamagesSoughtValue_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amounts claimed</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LossContingencyDamagesSoughtValue_0" xlink:to="lbl_LossContingencyDamagesSoughtValue_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LossContingencyDamagesSoughtValue_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The value (monetary amount) of the award the plaintiff seeks in the legal matter.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherNonfinancialAssetsAtFairValue" xlink:label="loc_ubs_OtherNonfinancialAssetsAtFairValue_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNonfinancialAssetsAtFairValue_0" xlink:to="lbl_OtherNonfinancialAssetsAtFairValue_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonfinancialAssetsAtFairValue_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other non-financial assets, at fair value</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNonfinancialAssetsAtFairValue_0" xlink:to="lbl_OtherNonfinancialAssetsAtFairValue_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonfinancialAssetsAtFairValue_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other non-financial assets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNonfinancialAssetsAtFairValue_0" xlink:to="lbl_OtherNonfinancialAssetsAtFairValue_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonfinancialAssetsAtFairValue_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total other non-financial assets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNonfinancialAssetsAtFairValue_0" xlink:to="lbl_OtherNonfinancialAssetsAtFairValue_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonfinancialAssetsAtFairValue_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The fair value amount of other non-financial assets.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNonfinancialAssetsAtFairValue_0" xlink:to="lbl_OtherNonfinancialAssetsAtFairValue_4"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNonfinancialAssetsAtFairValue_4" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Other non-financial assets measured at fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CreditCardMember" xlink:label="loc_ubs_CreditCardMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditCardMember_0" xlink:to="lbl_CreditCardMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditCardMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Credit Card [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditCardMember_0" xlink:to="lbl_CreditCardMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditCardMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit cards</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditCardMember_0" xlink:to="lbl_CreditCardMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditCardMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for credit card facilities.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditCardMember_0" xlink:to="lbl_CreditCardMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditCardMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Credit cards</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_FinancialIntermediariesAndHedgeFundsMember" xlink:label="loc_ubs_FinancialIntermediariesAndHedgeFundsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FinancialIntermediariesAndHedgeFundsMember_0" xlink:to="lbl_FinancialIntermediariesAndHedgeFundsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FinancialIntermediariesAndHedgeFundsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Financial Intermediaries And Hedge Funds [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FinancialIntermediariesAndHedgeFundsMember_0" xlink:to="lbl_FinancialIntermediariesAndHedgeFundsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FinancialIntermediariesAndHedgeFundsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Financial intermediaries and hedge funds</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FinancialIntermediariesAndHedgeFundsMember_0" xlink:to="lbl_FinancialIntermediariesAndHedgeFundsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FinancialIntermediariesAndHedgeFundsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to financial intermediaries and hedge funds.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FinancialIntermediariesAndHedgeFundsMember_0" xlink:to="lbl_FinancialIntermediariesAndHedgeFundsMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FinancialIntermediariesAndHedgeFundsMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Financial intermediaries and hedge funds</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CommodityTradeFinanceMember" xlink:label="loc_ubs_CommodityTradeFinanceMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CommodityTradeFinanceMember_0" xlink:to="lbl_CommodityTradeFinanceMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommodityTradeFinanceMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Commodity Trade Finance [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CommodityTradeFinanceMember_0" xlink:to="lbl_CommodityTradeFinanceMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommodityTradeFinanceMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commodity trade finance</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CommodityTradeFinanceMember_0" xlink:to="lbl_CommodityTradeFinanceMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommodityTradeFinanceMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to commodity trade finance.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CommodityTradeFinanceMember_0" xlink:to="lbl_CommodityTradeFinanceMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommodityTradeFinanceMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Commodity trade finance</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_LoansToFinancialAdvisorsMember" xlink:label="loc_ubs_LoansToFinancialAdvisorsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LoansToFinancialAdvisorsMember_0" xlink:to="lbl_LoansToFinancialAdvisorsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansToFinancialAdvisorsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Loans To Financial Advisors [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LoansToFinancialAdvisorsMember_0" xlink:to="lbl_LoansToFinancialAdvisorsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansToFinancialAdvisorsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loans to financial advisors</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LoansToFinancialAdvisorsMember_0" xlink:to="lbl_LoansToFinancialAdvisorsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoansToFinancialAdvisorsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to loans to financial advisors.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ForeignExchangeRatesTable" xlink:label="loc_ubs_ForeignExchangeRatesTable_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ForeignExchangeRatesTable_0" xlink:to="lbl_ForeignExchangeRatesTable_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ForeignExchangeRatesTable_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Foreign Exchange Rates [Table]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ForeignExchangeRatesTable_0" xlink:to="lbl_ForeignExchangeRatesTable_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ForeignExchangeRatesTable_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule disclosing information related to details of foreign exchange rates used.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_EquityClassifiedAsObligationToPurchaseOwnShares" xlink:label="loc_ubs_EquityClassifiedAsObligationToPurchaseOwnShares_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityClassifiedAsObligationToPurchaseOwnShares_0" xlink:to="lbl_EquityClassifiedAsObligationToPurchaseOwnShares_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityClassifiedAsObligationToPurchaseOwnShares_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Equity Classified As Obligation To Purchase Own Shares</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityClassifiedAsObligationToPurchaseOwnShares_0" xlink:to="lbl_EquityClassifiedAsObligationToPurchaseOwnShares_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityClassifiedAsObligationToPurchaseOwnShares_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Equity classified as obligation to purchase own shares</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityClassifiedAsObligationToPurchaseOwnShares_0" xlink:to="lbl_EquityClassifiedAsObligationToPurchaseOwnShares_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityClassifiedAsObligationToPurchaseOwnShares_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The increase (decrease) in equity resulting from purchase of own shares</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SensitivityOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesTable" xlink:label="loc_ubs_SensitivityOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesTable_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SensitivityOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesTable_0" xlink:to="lbl_SensitivityOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesTable_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SensitivityOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesTable_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Sensitivity Of Fair Value Measurement To Changes In Unobservable Inputs Assets And Liabilities [Table]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SensitivityOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesTable_0" xlink:to="lbl_SensitivityOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesTable_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SensitivityOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesTable_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule disclosing information related to details of sensitivity of fair value measurements to changes in unobservable input assumptions.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_InterestIncomeFromDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:label="loc_ubs_InterestIncomeFromDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncome_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestIncomeFromDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncome_0" xlink:to="lbl_InterestIncomeFromDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncome_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestIncomeFromDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncome_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Interest Income From Debt Instruments Measured At Fair Value Through Other Comprehensive Income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestIncomeFromDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncome_0" xlink:to="lbl_InterestIncomeFromDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncome_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestIncomeFromDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncome_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest income from debt instruments measured at fair value through other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestIncomeFromDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncome_0" xlink:to="lbl_InterestIncomeFromDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncome_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestIncomeFromDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncome_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance">The amount of interest income from debt instruments measured at fair value through other comprehensive income.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_NetInterestIncomeFromFinancialInstrumentsMeasuredAtAmortizedCostAndFairValueThroughOtherComprehensiveIncome" xlink:label="loc_ubs_NetInterestIncomeFromFinancialInstrumentsMeasuredAtAmortizedCostAndFairValueThroughOtherComprehensiveIncome_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NetInterestIncomeFromFinancialInstrumentsMeasuredAtAmortizedCostAndFairValueThroughOtherComprehensiveIncome_0" xlink:to="lbl_NetInterestIncomeFromFinancialInstrumentsMeasuredAtAmortizedCostAndFairValueThroughOtherComprehensiveIncome_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetInterestIncomeFromFinancialInstrumentsMeasuredAtAmortizedCostAndFairValueThroughOtherComprehensiveIncome_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Net Interest Income From Financial Instruments Measured At Amortized Cost And Fair Value Through Other Comprehensive Income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NetInterestIncomeFromFinancialInstrumentsMeasuredAtAmortizedCostAndFairValueThroughOtherComprehensiveIncome_0" xlink:to="lbl_NetInterestIncomeFromFinancialInstrumentsMeasuredAtAmortizedCostAndFairValueThroughOtherComprehensiveIncome_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetInterestIncomeFromFinancialInstrumentsMeasuredAtAmortizedCostAndFairValueThroughOtherComprehensiveIncome_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total net interest income from financial instruments measured at amortized cost and fair value through other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NetInterestIncomeFromFinancialInstrumentsMeasuredAtAmortizedCostAndFairValueThroughOtherComprehensiveIncome_0" xlink:to="lbl_NetInterestIncomeFromFinancialInstrumentsMeasuredAtAmortizedCostAndFairValueThroughOtherComprehensiveIncome_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetInterestIncomeFromFinancialInstrumentsMeasuredAtAmortizedCostAndFairValueThroughOtherComprehensiveIncome_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The total amount of net interest income from financial instruments measured at amortized cost and fair value through other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_IncreaseDecreaseThroughNetExchangeDifferencesRecognizedDirectlyInRetainedEarnings" xlink:label="loc_ubs_IncreaseDecreaseThroughNetExchangeDifferencesRecognizedDirectlyInRetainedEarnings_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseDecreaseThroughNetExchangeDifferencesRecognizedDirectlyInRetainedEarnings_0" xlink:to="lbl_IncreaseDecreaseThroughNetExchangeDifferencesRecognizedDirectlyInRetainedEarnings_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseDecreaseThroughNetExchangeDifferencesRecognizedDirectlyInRetainedEarnings_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Increase Decrease Through Net Exchange Differences Recognized Directly In Retained Earnings</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseDecreaseThroughNetExchangeDifferencesRecognizedDirectlyInRetainedEarnings_0" xlink:to="lbl_IncreaseDecreaseThroughNetExchangeDifferencesRecognizedDirectlyInRetainedEarnings_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseDecreaseThroughNetExchangeDifferencesRecognizedDirectlyInRetainedEarnings_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Translation effects recognized directly in retained earnings</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseDecreaseThroughNetExchangeDifferencesRecognizedDirectlyInRetainedEarnings_0" xlink:to="lbl_IncreaseDecreaseThroughNetExchangeDifferencesRecognizedDirectlyInRetainedEarnings_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseDecreaseThroughNetExchangeDifferencesRecognizedDirectlyInRetainedEarnings_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The increase (decrease) in equity resulting from translation effects recognized directly in retained earnings.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DebtInstrumentsHeldMeasuredAtAmortizedCost" xlink:label="loc_ubs_DebtInstrumentsHeldMeasuredAtAmortizedCost_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtInstrumentsHeldMeasuredAtAmortizedCost_0" xlink:to="lbl_DebtInstrumentsHeldMeasuredAtAmortizedCost_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtInstrumentsHeldMeasuredAtAmortizedCost_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instruments Held Measured At Amortized Cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtInstrumentsHeldMeasuredAtAmortizedCost_0" xlink:to="lbl_DebtInstrumentsHeldMeasuredAtAmortizedCost_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtInstrumentsHeldMeasuredAtAmortizedCost_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt securities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtInstrumentsHeldMeasuredAtAmortizedCost_0" xlink:to="lbl_DebtInstrumentsHeldMeasuredAtAmortizedCost_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtInstrumentsHeldMeasuredAtAmortizedCost_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of instruments representing indebtedness measured at amortized cost held by the entity.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DerivativeTable" xlink:label="loc_ubs_DerivativeTable_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DerivativeTable_0" xlink:to="lbl_DerivativeTable_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DerivativeTable_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Derivative [Table]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DerivativeTable_0" xlink:to="lbl_DerivativeTable_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DerivativeTable_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule that describes and identifies a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_AssetsAfterConsiderationOfNettingPotential" xlink:label="loc_ubs_AssetsAfterConsiderationOfNettingPotential_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AssetsAfterConsiderationOfNettingPotential_0" xlink:to="lbl_AssetsAfterConsiderationOfNettingPotential_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AssetsAfterConsiderationOfNettingPotential_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Assets After Consideration Of Netting Potential</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AssetsAfterConsiderationOfNettingPotential_0" xlink:to="lbl_AssetsAfterConsiderationOfNettingPotential_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AssetsAfterConsiderationOfNettingPotential_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Assets, after consideration of further netting potential</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AssetsAfterConsiderationOfNettingPotential_0" xlink:to="lbl_AssetsAfterConsiderationOfNettingPotential_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AssetsAfterConsiderationOfNettingPotential_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of assets after consideration of netting potential.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_LiabilitiesAfterConsiderationOfNettingPotential" xlink:label="loc_ubs_LiabilitiesAfterConsiderationOfNettingPotential_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LiabilitiesAfterConsiderationOfNettingPotential_0" xlink:to="lbl_LiabilitiesAfterConsiderationOfNettingPotential_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LiabilitiesAfterConsiderationOfNettingPotential_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities After Consideration Of Netting Potential</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LiabilitiesAfterConsiderationOfNettingPotential_0" xlink:to="lbl_LiabilitiesAfterConsiderationOfNettingPotential_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LiabilitiesAfterConsiderationOfNettingPotential_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Liabilities, after consideration of further netting potential</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LiabilitiesAfterConsiderationOfNettingPotential_0" xlink:to="lbl_LiabilitiesAfterConsiderationOfNettingPotential_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LiabilitiesAfterConsiderationOfNettingPotential_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of liabilities after consideration of netting potential.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherAssetsAndOtherLiabilitiesLineItems" xlink:label="loc_ubs_OtherAssetsAndOtherLiabilitiesLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherAssetsAndOtherLiabilitiesLineItems_0" xlink:to="lbl_OtherAssetsAndOtherLiabilitiesLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherAssetsAndOtherLiabilitiesLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Assets And Other Liabilities [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementTable" xlink:label="loc_ubs_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementTable_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementTable_0" xlink:to="lbl_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementTable_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementTable_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule disclosing information related to significant unobservable inputs used in the fair value measurement of assets and liabilities.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementTable_0" xlink:to="lbl_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementTable_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementTable_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement [Table]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_WagesAndSalariesAndVariableCompensation" xlink:label="loc_ubs_WagesAndSalariesAndVariableCompensation_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_WagesAndSalariesAndVariableCompensation_0" xlink:to="lbl_WagesAndSalariesAndVariableCompensation_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_WagesAndSalariesAndVariableCompensation_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of salaries and variable compensation.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_WagesAndSalariesAndVariableCompensation_0" xlink:to="lbl_WagesAndSalariesAndVariableCompensation_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_WagesAndSalariesAndVariableCompensation_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Salaries and variable compensation</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_WagesAndSalariesAndVariableCompensation_0" xlink:to="lbl_WagesAndSalariesAndVariableCompensation_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_WagesAndSalariesAndVariableCompensation_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Wages And Salaries And Variable Compensation</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_NetInterestIncomeLineItems" xlink:label="loc_ubs_NetInterestIncomeLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NetInterestIncomeLineItems_0" xlink:to="lbl_NetInterestIncomeLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetInterestIncomeLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Net Interest Income [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NetInterestIncomeLineItems_0" xlink:to="lbl_NetInterestIncomeLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NetInterestIncomeLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherNetIncomeFromFinancialInstrumentsMeasuredAtFairValueThroughProfitOrLoss" xlink:label="loc_ubs_OtherNetIncomeFromFinancialInstrumentsMeasuredAtFairValueThroughProfitOrLoss_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNetIncomeFromFinancialInstrumentsMeasuredAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_OtherNetIncomeFromFinancialInstrumentsMeasuredAtFairValueThroughProfitOrLoss_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNetIncomeFromFinancialInstrumentsMeasuredAtFairValueThroughProfitOrLoss_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Net Income From Financial Instruments Measured At Fair Value Through Profit Or Loss</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNetIncomeFromFinancialInstrumentsMeasuredAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_OtherNetIncomeFromFinancialInstrumentsMeasuredAtFairValueThroughProfitOrLoss_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNetIncomeFromFinancialInstrumentsMeasuredAtFairValueThroughProfitOrLoss_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other net income from financial instruments measured at fair value through profit or loss</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNetIncomeFromFinancialInstrumentsMeasuredAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_OtherNetIncomeFromFinancialInstrumentsMeasuredAtFairValueThroughProfitOrLoss_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNetIncomeFromFinancialInstrumentsMeasuredAtFairValueThroughProfitOrLoss_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of other net income from financial instruments measured at fair value through profit or loss.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureNetInterestIncomeLineItems" xlink:label="loc_ubs_DisclosureNetInterestIncomeLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureNetInterestIncomeLineItems_0" xlink:to="lbl_DisclosureNetInterestIncomeLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureNetInterestIncomeLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Net Interest Income [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureNetInterestIncomeLineItems_0" xlink:to="lbl_DisclosureNetInterestIncomeLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureNetInterestIncomeLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureNetInterestIncomeExplanatory" xlink:label="loc_ubs_DisclosureNetInterestIncomeExplanatory_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureNetInterestIncomeExplanatory_0" xlink:to="lbl_DisclosureNetInterestIncomeExplanatory_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureNetInterestIncomeExplanatory_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Net Interest Income Explanatory</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureNetInterestIncomeExplanatory_0" xlink:to="lbl_DisclosureNetInterestIncomeExplanatory_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureNetInterestIncomeExplanatory_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The disclosure of net interest income.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureNetInterestIncomeExplanatory_0" xlink:to="lbl_DisclosureNetInterestIncomeExplanatory_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureNetInterestIncomeExplanatory_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net interest income</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatory" xlink:label="loc_ubs_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatory_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatory_0" xlink:to="lbl_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatory_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatory_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Other Assets And Other Liabilities Explanatory</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatory_0" xlink:to="lbl_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatory_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatory_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other assets and liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatory_0" xlink:to="lbl_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatory_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfOtherAssetsAndOtherLiabilitiesExplanatory_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The disclosure of other assets and other liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CommodityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss" xlink:label="loc_ubs_CommodityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CommodityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_CommodityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommodityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Commodity Linked Issued Debt Instruments Designated At Fair Value Through Profit Or Loss</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CommodityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_CommodityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommodityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of commodity-linked debt instruments that have been issued and are designated at fair value.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CommodityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_CommodityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommodityLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Commodity-linked</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_TLACEligibleSeniorUnsecuredDebtInstrumentsAtFairValueInGoneConcernLossAbsorbingCapacity" xlink:label="loc_ubs_TLACEligibleSeniorUnsecuredDebtInstrumentsAtFairValueInGoneConcernLossAbsorbingCapacity_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_TLACEligibleSeniorUnsecuredDebtInstrumentsAtFairValueInGoneConcernLossAbsorbingCapacity_0" xlink:to="lbl_TLACEligibleSeniorUnsecuredDebtInstrumentsAtFairValueInGoneConcernLossAbsorbingCapacity_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_TLACEligibleSeniorUnsecuredDebtInstrumentsAtFairValueInGoneConcernLossAbsorbingCapacity_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">TLAC Eligible Senior Unsecured Debt Instruments At Fair Value In Gone Concern Loss Absorbing Capacity</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_TLACEligibleSeniorUnsecuredDebtInstrumentsAtFairValueInGoneConcernLossAbsorbingCapacity_0" xlink:to="lbl_TLACEligibleSeniorUnsecuredDebtInstrumentsAtFairValueInGoneConcernLossAbsorbingCapacity_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_TLACEligibleSeniorUnsecuredDebtInstrumentsAtFairValueInGoneConcernLossAbsorbingCapacity_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of total loss-absorbing capacity (TLAC)-eligible senior unsecured debt designated at fair value included in gone concern loss-absorbing capacity.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_TLACEligibleSeniorUnsecuredDebtInstrumentsAtFairValueInGoneConcernLossAbsorbingCapacity_0" xlink:to="lbl_TLACEligibleSeniorUnsecuredDebtInstrumentsAtFairValueInGoneConcernLossAbsorbingCapacity_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_TLACEligibleSeniorUnsecuredDebtInstrumentsAtFairValueInGoneConcernLossAbsorbingCapacity_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: debt that contributes to total loss-absorbing capacity</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ExpectedCreditLossesEconomicScenarioAxis" xlink:label="loc_ubs_ExpectedCreditLossesEconomicScenarioAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ExpectedCreditLossesEconomicScenarioAxis_0" xlink:to="lbl_ExpectedCreditLossesEconomicScenarioAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ExpectedCreditLossesEconomicScenarioAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Expected Credit Losses Economic Scenario [Axis]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ExpectedCreditLossesEconomicScenarioAxis_0" xlink:to="lbl_ExpectedCreditLossesEconomicScenarioAxis_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ExpectedCreditLossesEconomicScenarioAxis_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The axis of a table defines the relationship between the domain members or categories in the table and the line items or concepts that complete the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ExpectedCreditLossesEconomicScenarioMember" xlink:label="loc_ubs_ExpectedCreditLossesEconomicScenarioMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ExpectedCreditLossesEconomicScenarioMember_0" xlink:to="lbl_ExpectedCreditLossesEconomicScenarioMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ExpectedCreditLossesEconomicScenarioMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Expected Credit Losses Economic Scenario [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ExpectedCreditLossesEconomicScenarioMember_0" xlink:to="lbl_ExpectedCreditLossesEconomicScenarioMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ExpectedCreditLossesEconomicScenarioMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for all economic scenarios used in the calculation of expected credit losses. It also represents the standard value for the 'Expected Credit Losses Economic Scenario' axis if no other member is used.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_TLACEligibleSeniorUnsecuredDebtInstrumentsAtAmortisedCostInGoneConcernLossAbsorbingCapacity" xlink:label="loc_ubs_TLACEligibleSeniorUnsecuredDebtInstrumentsAtAmortisedCostInGoneConcernLossAbsorbingCapacity_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_TLACEligibleSeniorUnsecuredDebtInstrumentsAtAmortisedCostInGoneConcernLossAbsorbingCapacity_0" xlink:to="lbl_TLACEligibleSeniorUnsecuredDebtInstrumentsAtAmortisedCostInGoneConcernLossAbsorbingCapacity_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_TLACEligibleSeniorUnsecuredDebtInstrumentsAtAmortisedCostInGoneConcernLossAbsorbingCapacity_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">TLAC Eligible Senior Unsecured Debt Instruments At Amortised Cost In Gone Concern Loss Absorbing Capacity</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_TLACEligibleSeniorUnsecuredDebtInstrumentsAtAmortisedCostInGoneConcernLossAbsorbingCapacity_0" xlink:to="lbl_TLACEligibleSeniorUnsecuredDebtInstrumentsAtAmortisedCostInGoneConcernLossAbsorbingCapacity_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_TLACEligibleSeniorUnsecuredDebtInstrumentsAtAmortisedCostInGoneConcernLossAbsorbingCapacity_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: contributes to total loss-absorbing capacity</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_TLACEligibleSeniorUnsecuredDebtInstrumentsAtAmortisedCostInGoneConcernLossAbsorbingCapacity_0" xlink:to="lbl_TLACEligibleSeniorUnsecuredDebtInstrumentsAtAmortisedCostInGoneConcernLossAbsorbingCapacity_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_TLACEligibleSeniorUnsecuredDebtInstrumentsAtAmortisedCostInGoneConcernLossAbsorbingCapacity_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of total loss-absorbing capacity (TLAC)-eligible senior unsecured debt measured at amortized cost included in gone concern loss-absorbing capacity.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_IncreaseDecreaseThroughChangesInRetainedEarningsOfAssociatesAndJointVentures" xlink:label="loc_ubs_IncreaseDecreaseThroughChangesInRetainedEarningsOfAssociatesAndJointVentures_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseDecreaseThroughChangesInRetainedEarningsOfAssociatesAndJointVentures_0" xlink:to="lbl_IncreaseDecreaseThroughChangesInRetainedEarningsOfAssociatesAndJointVentures_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseDecreaseThroughChangesInRetainedEarningsOfAssociatesAndJointVentures_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Increase Decrease Through Changes In Retained Earnings Of Associates And Joint Ventures</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseDecreaseThroughChangesInRetainedEarningsOfAssociatesAndJointVentures_0" xlink:to="lbl_IncreaseDecreaseThroughChangesInRetainedEarningsOfAssociatesAndJointVentures_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseDecreaseThroughChangesInRetainedEarningsOfAssociatesAndJointVentures_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share of changes in retained earnings of associates and joint ventures</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseDecreaseThroughChangesInRetainedEarningsOfAssociatesAndJointVentures_0" xlink:to="lbl_IncreaseDecreaseThroughChangesInRetainedEarningsOfAssociatesAndJointVentures_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseDecreaseThroughChangesInRetainedEarningsOfAssociatesAndJointVentures_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The increase (decrease) in equity resulting from changes in retained earnings of associates and joint ventures.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfKeyMacroEconomicVariablesUsedForExpectedCreditLossModelLineItems" xlink:label="loc_ubs_DisclosureOfKeyMacroEconomicVariablesUsedForExpectedCreditLossModelLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfKeyMacroEconomicVariablesUsedForExpectedCreditLossModelLineItems_0" xlink:to="lbl_DisclosureOfKeyMacroEconomicVariablesUsedForExpectedCreditLossModelLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfKeyMacroEconomicVariablesUsedForExpectedCreditLossModelLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure of Key Macro Economic Variables Used For Expected Credit Loss Model [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_EconomicForecast" xlink:label="loc_ubs_EconomicForecast_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EconomicForecast_0" xlink:to="lbl_EconomicForecast_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EconomicForecast_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Economic Forecast</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EconomicForecast_0" xlink:to="lbl_EconomicForecast_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EconomicForecast_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Economic forecast</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EconomicForecast_0" xlink:to="lbl_EconomicForecast_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EconomicForecast_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The forecasted amount of economic assumptions. A positive amount indicates growth projections whereas a negative amount indicates deficit projection.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_UpsideScenarioMember" xlink:label="loc_ubs_UpsideScenarioMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_UpsideScenarioMember_0" xlink:to="lbl_UpsideScenarioMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UpsideScenarioMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Upside Scenario [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_UpsideScenarioMember_0" xlink:to="lbl_UpsideScenarioMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UpsideScenarioMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Asset price appreciation</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_UpsideScenarioMember_0" xlink:to="lbl_UpsideScenarioMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UpsideScenarioMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for upside economic scenarios used in the calculation of expected credit losses.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_BaselineScenarioMember" xlink:label="loc_ubs_BaselineScenarioMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BaselineScenarioMember_0" xlink:to="lbl_BaselineScenarioMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BaselineScenarioMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Baseline Scenario [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BaselineScenarioMember_0" xlink:to="lbl_BaselineScenarioMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BaselineScenarioMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Baseline</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BaselineScenarioMember_0" xlink:to="lbl_BaselineScenarioMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BaselineScenarioMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for baseline economic scenarios used in the calculation of expected credit losses.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_EconomicAssumptionsAxis" xlink:label="loc_ubs_EconomicAssumptionsAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EconomicAssumptionsAxis_0" xlink:to="lbl_EconomicAssumptionsAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EconomicAssumptionsAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Economic Assumptions [Axis]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EconomicAssumptionsAxis_0" xlink:to="lbl_EconomicAssumptionsAxis_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EconomicAssumptionsAxis_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The axis of a table defines the relationship between the domain members or categories in the table and the line items or concepts that complete the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_EconomicAssumptionsMember" xlink:label="loc_ubs_EconomicAssumptionsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EconomicAssumptionsMember_0" xlink:to="lbl_EconomicAssumptionsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EconomicAssumptionsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Economic Assumptions [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EconomicAssumptionsMember_0" xlink:to="lbl_EconomicAssumptionsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EconomicAssumptionsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for all types of economic assumptions.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_GrossDomesticProductMember" xlink:label="loc_ubs_GrossDomesticProductMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GrossDomesticProductMember_0" xlink:to="lbl_GrossDomesticProductMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GrossDomesticProductMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Gross Domestic Product [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GrossDomesticProductMember_0" xlink:to="lbl_GrossDomesticProductMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GrossDomesticProductMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Real GDP growth (annual percentage change)</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GrossDomesticProductMember_0" xlink:to="lbl_GrossDomesticProductMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GrossDomesticProductMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for changes of gross domestic product (GDP).</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_UnemploymentRateMember" xlink:label="loc_ubs_UnemploymentRateMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_UnemploymentRateMember_0" xlink:to="lbl_UnemploymentRateMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UnemploymentRateMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Unemployment Rate [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_UnemploymentRateMember_0" xlink:to="lbl_UnemploymentRateMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UnemploymentRateMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Unemployment rate (%, annual average)</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_UnemploymentRateMember_0" xlink:to="lbl_UnemploymentRateMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UnemploymentRateMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for unemployment rate.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_EurozoneMember" xlink:label="loc_ubs_EurozoneMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EurozoneMember_0" xlink:to="lbl_EurozoneMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EurozoneMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Eurozone [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EurozoneMember_0" xlink:to="lbl_EurozoneMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EurozoneMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Eurozone</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EurozoneMember_0" xlink:to="lbl_EurozoneMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EurozoneMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to Eurozone.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesLineItems" xlink:label="loc_ubs_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesLineItems_0" xlink:to="lbl_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Sensitivity Analysis Of Fair Value Measurement To Changes In Unobservable Inputs Assets And Liabilities [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesLineItems_0" xlink:to="lbl_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesLineItems_0" xlink:to="lbl_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesLineItems_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesLineItems_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities" xlink:label="loc_ubs_IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_0" xlink:to="lbl_IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Increase In Fair Value Measurement Due To Change In Multiple Unobservable Inputs To Reflect Reasonably Possible Alternative Assumptions Assets And Liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_0" xlink:to="lbl_IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Favorable changes</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_0" xlink:to="lbl_IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of increase in the fair value measurement of assets due to a change in multiple unobservable inputs to reflect reasonably possible alternative assumptions.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities" xlink:label="loc_ubs_DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_0" xlink:to="lbl_DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Decrease In Fair Value Measurement Due To Change In Multiple Unobservable Inputs To Reflect Reasonably Possible Alternative Assumptions Assets And Liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_0" xlink:to="lbl_DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Decrease in fair value measurement due to change in multiple unobservable inputs to reflect reasonably possible alternative assumptions, assets</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_0" xlink:to="lbl_DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of decrease in the fair value measurement of assets due to a change in multiple unobservable inputs to reflect reasonably possible alternative assumptions.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_0" xlink:to="lbl_DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DecreaseInFairValueMeasurementDueToChangeInMultipleUnobservableInputsToReflectReasonablyPossibleAlternativeAssumptionsAssetsAndLiabilities_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Unfavorable changes</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SignificantUnobservableInputAssetsAndLiabilities" xlink:label="loc_ubs_SignificantUnobservableInputAssetsAndLiabilities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SignificantUnobservableInputAssetsAndLiabilities_0" xlink:to="lbl_SignificantUnobservableInputAssetsAndLiabilities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SignificantUnobservableInputAssetsAndLiabilities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Significant Unobservable Input Assets And Liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SignificantUnobservableInputAssetsAndLiabilities_0" xlink:to="lbl_SignificantUnobservableInputAssetsAndLiabilities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SignificantUnobservableInputAssetsAndLiabilities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Significant unobservable input(s)</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SignificantUnobservableInputAssetsAndLiabilities_0" xlink:to="lbl_SignificantUnobservableInputAssetsAndLiabilities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SignificantUnobservableInputAssetsAndLiabilities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The value of significant unobservable input used in the measurement of the fair value of assets and liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_BondPriceEquivalentMeasurementInputMember" xlink:label="loc_ubs_BondPriceEquivalentMeasurementInputMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondPriceEquivalentMeasurementInputMember_0" xlink:to="lbl_BondPriceEquivalentMeasurementInputMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondPriceEquivalentMeasurementInputMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Bond Price Equivalent Measurement Input [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondPriceEquivalentMeasurementInputMember_0" xlink:to="lbl_BondPriceEquivalentMeasurementInputMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondPriceEquivalentMeasurementInputMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bond price equivalent</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondPriceEquivalentMeasurementInputMember_0" xlink:to="lbl_BondPriceEquivalentMeasurementInputMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondPriceEquivalentMeasurementInputMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for bond price equivalent used as a significant Level 3 unobservable input.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_LoanPriceEquivalentMeasurementInputMember" xlink:label="loc_ubs_LoanPriceEquivalentMeasurementInputMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LoanPriceEquivalentMeasurementInputMember_0" xlink:to="lbl_LoanPriceEquivalentMeasurementInputMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoanPriceEquivalentMeasurementInputMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Loan Price Equivalent Measurement Input [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LoanPriceEquivalentMeasurementInputMember_0" xlink:to="lbl_LoanPriceEquivalentMeasurementInputMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoanPriceEquivalentMeasurementInputMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan price equivalent</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LoanPriceEquivalentMeasurementInputMember_0" xlink:to="lbl_LoanPriceEquivalentMeasurementInputMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LoanPriceEquivalentMeasurementInputMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for loan price equivalent used as a significant Level 3 unobservable input.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_FundingSpreadMeasurementInputMember" xlink:label="loc_ubs_FundingSpreadMeasurementInputMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FundingSpreadMeasurementInputMember_0" xlink:to="lbl_FundingSpreadMeasurementInputMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FundingSpreadMeasurementInputMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Funding Spread Measurement Input [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FundingSpreadMeasurementInputMember_0" xlink:to="lbl_FundingSpreadMeasurementInputMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FundingSpreadMeasurementInputMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Funding spread</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FundingSpreadMeasurementInputMember_0" xlink:to="lbl_FundingSpreadMeasurementInputMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FundingSpreadMeasurementInputMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for the funding spread used as a measurement input.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_HistoricalVolatilityForInterestRatesMeasurementInputMember" xlink:label="loc_ubs_HistoricalVolatilityForInterestRatesMeasurementInputMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_HistoricalVolatilityForInterestRatesMeasurementInputMember_0" xlink:to="lbl_HistoricalVolatilityForInterestRatesMeasurementInputMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_HistoricalVolatilityForInterestRatesMeasurementInputMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Historical Volatility For Interest Rates Measurement Input [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_HistoricalVolatilityForInterestRatesMeasurementInputMember_0" xlink:to="lbl_HistoricalVolatilityForInterestRatesMeasurementInputMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_HistoricalVolatilityForInterestRatesMeasurementInputMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Volatility of interest rates</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_HistoricalVolatilityForInterestRatesMeasurementInputMember_0" xlink:to="lbl_HistoricalVolatilityForInterestRatesMeasurementInputMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_HistoricalVolatilityForInterestRatesMeasurementInputMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for the historical volatility for interest rates used as a measurement input.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_EquityDividendYieldsMeasurementInputMember" xlink:label="loc_ubs_EquityDividendYieldsMeasurementInputMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityDividendYieldsMeasurementInputMember_0" xlink:to="lbl_EquityDividendYieldsMeasurementInputMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityDividendYieldsMeasurementInputMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity dividend yields</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityDividendYieldsMeasurementInputMember_0" xlink:to="lbl_EquityDividendYieldsMeasurementInputMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityDividendYieldsMeasurementInputMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for equity dividend yields used as a measurement input.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityDividendYieldsMeasurementInputMember_0" xlink:to="lbl_EquityDividendYieldsMeasurementInputMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityDividendYieldsMeasurementInputMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Equity Dividend Yields Measurement Input [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_EquityToFXCorrelationMeasurementInputMember" xlink:label="loc_ubs_EquityToFXCorrelationMeasurementInputMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityToFXCorrelationMeasurementInputMember_0" xlink:to="lbl_EquityToFXCorrelationMeasurementInputMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityToFXCorrelationMeasurementInputMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Equity To FX Correlation Measurement Input [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityToFXCorrelationMeasurementInputMember_0" xlink:to="lbl_EquityToFXCorrelationMeasurementInputMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityToFXCorrelationMeasurementInputMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity-to-FX correlation</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityToFXCorrelationMeasurementInputMember_0" xlink:to="lbl_EquityToFXCorrelationMeasurementInputMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityToFXCorrelationMeasurementInputMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for the equity-to-FX correlation used as a measurement input.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_EquityToEquityCorrelationMeasurementInputMember" xlink:label="loc_ubs_EquityToEquityCorrelationMeasurementInputMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityToEquityCorrelationMeasurementInputMember_0" xlink:to="lbl_EquityToEquityCorrelationMeasurementInputMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityToEquityCorrelationMeasurementInputMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Equity To Equity Correlation Measurement Input [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityToEquityCorrelationMeasurementInputMember_0" xlink:to="lbl_EquityToEquityCorrelationMeasurementInputMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityToEquityCorrelationMeasurementInputMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity-to-equity correlation</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EquityToEquityCorrelationMeasurementInputMember_0" xlink:to="lbl_EquityToEquityCorrelationMeasurementInputMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EquityToEquityCorrelationMeasurementInputMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for the equity-to-equity correlation used as a measurement input.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts" xlink:label="loc_ubs_ProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_0" xlink:to="lbl_ProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Provisions For Expected Credit Losses On Loan Commitments And Financial Guarantee Contracts</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_0" xlink:to="lbl_ProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Provisions for expected credit losses</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_0" xlink:to="lbl_ProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of the provisions for expected credit losses on loan commitments and financial guarantee contracts.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_0" xlink:to="lbl_ProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Total ECL provisions</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_0" xlink:to="lbl_ProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_4"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_4" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Provisions related to expected credit losses (IFRS 9, Financial Instruments)</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfKeyMacroEconomicVariablesExplanatory" xlink:label="loc_ubs_DisclosureOfKeyMacroEconomicVariablesExplanatory_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfKeyMacroEconomicVariablesExplanatory_0" xlink:to="lbl_DisclosureOfKeyMacroEconomicVariablesExplanatory_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfKeyMacroEconomicVariablesExplanatory_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Key Macro Economic Variables Explanatory</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfKeyMacroEconomicVariablesExplanatory_0" xlink:to="lbl_DisclosureOfKeyMacroEconomicVariablesExplanatory_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfKeyMacroEconomicVariablesExplanatory_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The disclosure of the key macro-economic variables used for modelling ECL.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfKeyMacroEconomicVariablesExplanatory_0" xlink:to="lbl_DisclosureOfKeyMacroEconomicVariablesExplanatory_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfKeyMacroEconomicVariablesExplanatory_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Comparison of shock factors / Economic scenarios and weights applied</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_AllowanceForCreditLossesOnFinancialAssetsAndProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts" xlink:label="loc_ubs_AllowanceForCreditLossesOnFinancialAssetsAndProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AllowanceForCreditLossesOnFinancialAssetsAndProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_0" xlink:to="lbl_AllowanceForCreditLossesOnFinancialAssetsAndProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AllowanceForCreditLossesOnFinancialAssetsAndProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Allowance For Credit Losses On Financial Assets And Provisions For Expected Credit Losses On Loan Commitments And Financial Guarantee Contracts</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AllowanceForCreditLossesOnFinancialAssetsAndProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_0" xlink:to="lbl_AllowanceForCreditLossesOnFinancialAssetsAndProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AllowanceForCreditLossesOnFinancialAssetsAndProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total ECL allowances and provisions</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AllowanceForCreditLossesOnFinancialAssetsAndProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_0" xlink:to="lbl_AllowanceForCreditLossesOnFinancialAssetsAndProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AllowanceForCreditLossesOnFinancialAssetsAndProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total allowance and provisions</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AllowanceForCreditLossesOnFinancialAssetsAndProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_0" xlink:to="lbl_AllowanceForCreditLossesOnFinancialAssetsAndProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AllowanceForCreditLossesOnFinancialAssetsAndProvisionsForExpectedCreditLossesOnLoanCommitmentsAndFinancialGuaranteeContracts_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The total amount of allowances for impairments to financial assets due to credit losses and provisions for expected credit losses on loan commitments and financial guarantee contracts.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_GoodsOrServicesTransferredOnPerformancebasedBasisMember" xlink:label="loc_ubs_GoodsOrServicesTransferredOnPerformancebasedBasisMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GoodsOrServicesTransferredOnPerformancebasedBasisMember_0" xlink:to="lbl_GoodsOrServicesTransferredOnPerformancebasedBasisMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GoodsOrServicesTransferredOnPerformancebasedBasisMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for goods or services transferred to customers on a performance-based basis.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GoodsOrServicesTransferredOnPerformancebasedBasisMember_0" xlink:to="lbl_GoodsOrServicesTransferredOnPerformancebasedBasisMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GoodsOrServicesTransferredOnPerformancebasedBasisMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: performance-based</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GoodsOrServicesTransferredOnPerformancebasedBasisMember_0" xlink:to="lbl_GoodsOrServicesTransferredOnPerformancebasedBasisMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GoodsOrServicesTransferredOnPerformancebasedBasisMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Goods Or Services Transferred On Performance-based Basis [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_InterestIncomeForOtherFinancialAssetsMeasuredAtAmortisedCost" xlink:label="loc_ubs_InterestIncomeForOtherFinancialAssetsMeasuredAtAmortisedCost_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestIncomeForOtherFinancialAssetsMeasuredAtAmortisedCost_0" xlink:to="lbl_InterestIncomeForOtherFinancialAssetsMeasuredAtAmortisedCost_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestIncomeForOtherFinancialAssetsMeasuredAtAmortisedCost_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of revenue arising from interest for financial assets that are measured at amortised cost.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestIncomeForOtherFinancialAssetsMeasuredAtAmortisedCost_0" xlink:to="lbl_InterestIncomeForOtherFinancialAssetsMeasuredAtAmortisedCost_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestIncomeForOtherFinancialAssetsMeasuredAtAmortisedCost_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest income from other financial instruments measured at amortized cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestIncomeForOtherFinancialAssetsMeasuredAtAmortisedCost_0" xlink:to="lbl_InterestIncomeForOtherFinancialAssetsMeasuredAtAmortisedCost_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestIncomeForOtherFinancialAssetsMeasuredAtAmortisedCost_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Interest Income For Other Financial Assets Measured At Amortised Cost</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ScenarioWeights" xlink:label="loc_ubs_ScenarioWeights_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ScenarioWeights_0" xlink:to="lbl_ScenarioWeights_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ScenarioWeights_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The percentage of scenario weights applied.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ScenarioWeights_0" xlink:to="lbl_ScenarioWeights_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ScenarioWeights_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Assigned weights</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ScenarioWeights_0" xlink:to="lbl_ScenarioWeights_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ScenarioWeights_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Scenario Weights</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ScenarioWeights_0" xlink:to="lbl_ScenarioWeights_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ScenarioWeights_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Scenario weights</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_MaximumPercentageOfDividendsThatMayBePaidFromCapitalContributionReserves" xlink:label="loc_ubs_MaximumPercentageOfDividendsThatMayBePaidFromCapitalContributionReserves_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MaximumPercentageOfDividendsThatMayBePaidFromCapitalContributionReserves_0" xlink:to="lbl_MaximumPercentageOfDividendsThatMayBePaidFromCapitalContributionReserves_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MaximumPercentageOfDividendsThatMayBePaidFromCapitalContributionReserves_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The maximum percentage of dividends that may be paid from capital contribution reserves under Swiss tax law.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MaximumPercentageOfDividendsThatMayBePaidFromCapitalContributionReserves_0" xlink:to="lbl_MaximumPercentageOfDividendsThatMayBePaidFromCapitalContributionReserves_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MaximumPercentageOfDividendsThatMayBePaidFromCapitalContributionReserves_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum percentage of dividends that may be paid from capital contribution reserves</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MaximumPercentageOfDividendsThatMayBePaidFromCapitalContributionReserves_0" xlink:to="lbl_MaximumPercentageOfDividendsThatMayBePaidFromCapitalContributionReserves_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MaximumPercentageOfDividendsThatMayBePaidFromCapitalContributionReserves_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Maximum Percentage Of Dividends That May Be Paid From Capital Contribution Reserves</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CurrencyTranslationRateAxis" xlink:label="loc_ubs_CurrencyTranslationRateAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CurrencyTranslationRateAxis_0" xlink:to="lbl_CurrencyTranslationRateAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CurrencyTranslationRateAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Currency Translation Rate [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_AllCurrenciesExchangeRateMember" xlink:label="loc_ubs_AllCurrenciesExchangeRateMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AllCurrenciesExchangeRateMember_0" xlink:to="lbl_AllCurrenciesExchangeRateMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AllCurrenciesExchangeRateMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">All Currencies Exchange Rate [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AllCurrenciesExchangeRateMember_0" xlink:to="lbl_AllCurrenciesExchangeRateMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AllCurrenciesExchangeRateMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for all currency exchange rates.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CHFCurrencyExchangeRateMember" xlink:label="loc_ubs_CHFCurrencyExchangeRateMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CHFCurrencyExchangeRateMember_0" xlink:to="lbl_CHFCurrencyExchangeRateMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CHFCurrencyExchangeRateMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for currency translation rate of 1 CHF to the presentation currency.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CHFCurrencyExchangeRateMember_0" xlink:to="lbl_CHFCurrencyExchangeRateMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CHFCurrencyExchangeRateMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">CHF Currency Exchange Rate [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CHFCurrencyExchangeRateMember_0" xlink:to="lbl_CHFCurrencyExchangeRateMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CHFCurrencyExchangeRateMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">1 CHF</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_EURCurrencyExchangeRateMember" xlink:label="loc_ubs_EURCurrencyExchangeRateMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EURCurrencyExchangeRateMember_0" xlink:to="lbl_EURCurrencyExchangeRateMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EURCurrencyExchangeRateMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">EUR Currency Exchange Rate [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EURCurrencyExchangeRateMember_0" xlink:to="lbl_EURCurrencyExchangeRateMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EURCurrencyExchangeRateMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">1 EUR</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EURCurrencyExchangeRateMember_0" xlink:to="lbl_EURCurrencyExchangeRateMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EURCurrencyExchangeRateMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for currency translation rate of 1 EUR to the presentation currency.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_GBPCurrencyExchangeRateMember" xlink:label="loc_ubs_GBPCurrencyExchangeRateMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GBPCurrencyExchangeRateMember_0" xlink:to="lbl_GBPCurrencyExchangeRateMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GBPCurrencyExchangeRateMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">1 GBP</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GBPCurrencyExchangeRateMember_0" xlink:to="lbl_GBPCurrencyExchangeRateMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GBPCurrencyExchangeRateMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for currency translation rate of 1 GBP to the presentation currency.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GBPCurrencyExchangeRateMember_0" xlink:to="lbl_GBPCurrencyExchangeRateMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GBPCurrencyExchangeRateMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">GBP Currency Exchange Rate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_JPYCurrencyExchangeRateMember" xlink:label="loc_ubs_JPYCurrencyExchangeRateMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_JPYCurrencyExchangeRateMember_0" xlink:to="lbl_JPYCurrencyExchangeRateMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_JPYCurrencyExchangeRateMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">JPY Currency Exchange Rate [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_JPYCurrencyExchangeRateMember_0" xlink:to="lbl_JPYCurrencyExchangeRateMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_JPYCurrencyExchangeRateMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">100 JPY</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_JPYCurrencyExchangeRateMember_0" xlink:to="lbl_JPYCurrencyExchangeRateMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_JPYCurrencyExchangeRateMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for currency translation rate of 100 JPY to the presentation currency.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_RealEstateMember" xlink:label="loc_ubs_RealEstateMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RealEstateMember_0" xlink:to="lbl_RealEstateMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RealEstateMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RealEstateMember_0" xlink:to="lbl_RealEstateMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RealEstateMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Real estate (annual percentage change, Q4)</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RealEstateMember_0" xlink:to="lbl_RealEstateMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RealEstateMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for changes in real estate prices.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfKeyMacroEconomicVariablesUsedForExpectedCreditLossModelTable" xlink:label="loc_ubs_DisclosureOfKeyMacroEconomicVariablesUsedForExpectedCreditLossModelTable_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfKeyMacroEconomicVariablesUsedForExpectedCreditLossModelTable_0" xlink:to="lbl_DisclosureOfKeyMacroEconomicVariablesUsedForExpectedCreditLossModelTable_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfKeyMacroEconomicVariablesUsedForExpectedCreditLossModelTable_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Key Macro Economic Variables Used For Expected Credit Loss Model [Table]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfKeyMacroEconomicVariablesUsedForExpectedCreditLossModelTable_0" xlink:to="lbl_DisclosureOfKeyMacroEconomicVariablesUsedForExpectedCreditLossModelTable_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfKeyMacroEconomicVariablesUsedForExpectedCreditLossModelTable_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule disclosing information related to the relationship between key macro economic variables used for ECL model and expected credit loss.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_PostemploymentBenefitPlansExpense" xlink:label="loc_ubs_PostemploymentBenefitPlansExpense_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PostemploymentBenefitPlansExpense_0" xlink:to="lbl_PostemploymentBenefitPlansExpense_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PostemploymentBenefitPlansExpense_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Post-employment Benefit Plans Expense</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PostemploymentBenefitPlansExpense_0" xlink:to="lbl_PostemploymentBenefitPlansExpense_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PostemploymentBenefitPlansExpense_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Post-employment benefit plans</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PostemploymentBenefitPlansExpense_0" xlink:to="lbl_PostemploymentBenefitPlansExpense_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PostemploymentBenefitPlansExpense_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of post-employment benefit expense relating to various types of defined benefit plans and other defined contribution plans.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PostemploymentBenefitPlansExpense_0" xlink:to="lbl_PostemploymentBenefitPlansExpense_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PostemploymentBenefitPlansExpense_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total post-employment benefit plan expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherLoansAndAdvancesToCustomersMember" xlink:label="loc_ubs_OtherLoansAndAdvancesToCustomersMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherLoansAndAdvancesToCustomersMember_0" xlink:to="lbl_OtherLoansAndAdvancesToCustomersMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherLoansAndAdvancesToCustomersMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Loans And Advances To Customers [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherLoansAndAdvancesToCustomersMember_0" xlink:to="lbl_OtherLoansAndAdvancesToCustomersMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherLoansAndAdvancesToCustomersMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other loans and advances to customers</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherLoansAndAdvancesToCustomersMember_0" xlink:to="lbl_OtherLoansAndAdvancesToCustomersMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherLoansAndAdvancesToCustomersMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to other loans and advances the entity has made to customers.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OnbalanceSheetLoanPortfolioMember" xlink:label="loc_ubs_OnbalanceSheetLoanPortfolioMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OnbalanceSheetLoanPortfolioMember_0" xlink:to="lbl_OnbalanceSheetLoanPortfolioMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OnbalanceSheetLoanPortfolioMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">On-balance Sheet Loan Portfolio [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OnbalanceSheetLoanPortfolioMember_0" xlink:to="lbl_OnbalanceSheetLoanPortfolioMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OnbalanceSheetLoanPortfolioMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OnbalanceSheetLoanPortfolioMember_0" xlink:to="lbl_OnbalanceSheetLoanPortfolioMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OnbalanceSheetLoanPortfolioMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for total on-balance sheet loan portfolio.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OnbalanceSheetLoanPortfolioMember_0" xlink:to="lbl_OnbalanceSheetLoanPortfolioMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OnbalanceSheetLoanPortfolioMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">On-balance sheet</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherOffbalanceSheetCommitmentsMember" xlink:label="loc_ubs_OtherOffbalanceSheetCommitmentsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherOffbalanceSheetCommitmentsMember_0" xlink:to="lbl_OtherOffbalanceSheetCommitmentsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherOffbalanceSheetCommitmentsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Off-balance Sheet Commitments [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherOffbalanceSheetCommitmentsMember_0" xlink:to="lbl_OtherOffbalanceSheetCommitmentsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherOffbalanceSheetCommitmentsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other off-balance sheet commitments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherOffbalanceSheetCommitmentsMember_0" xlink:to="lbl_OtherOffbalanceSheetCommitmentsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherOffbalanceSheetCommitmentsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to other off-balance sheet commitments.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OffbalanceSheetLoanPortfolioMember" xlink:label="loc_ubs_OffbalanceSheetLoanPortfolioMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OffbalanceSheetLoanPortfolioMember_0" xlink:to="lbl_OffbalanceSheetLoanPortfolioMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OffbalanceSheetLoanPortfolioMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Off-balance Sheet Loan Portfolio [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OffbalanceSheetLoanPortfolioMember_0" xlink:to="lbl_OffbalanceSheetLoanPortfolioMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OffbalanceSheetLoanPortfolioMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OffbalanceSheetLoanPortfolioMember_0" xlink:to="lbl_OffbalanceSheetLoanPortfolioMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OffbalanceSheetLoanPortfolioMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for total off-balance sheet loan portfolio.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherIncomeTable" xlink:label="loc_ubs_OtherIncomeTable_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherIncomeTable_0" xlink:to="lbl_OtherIncomeTable_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherIncomeTable_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Income [Table]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherIncomeTable_0" xlink:to="lbl_OtherIncomeTable_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherIncomeTable_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule disclosing information related to other income.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_MinimumPercentageByWhichCaptalContributionReservesAreReducedUponCancellationOfTheShares" xlink:label="loc_ubs_MinimumPercentageByWhichCaptalContributionReservesAreReducedUponCancellationOfTheShares_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MinimumPercentageByWhichCaptalContributionReservesAreReducedUponCancellationOfTheShares_0" xlink:to="lbl_MinimumPercentageByWhichCaptalContributionReservesAreReducedUponCancellationOfTheShares_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MinimumPercentageByWhichCaptalContributionReservesAreReducedUponCancellationOfTheShares_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Minimum Percentage By Which Captal Contribution Reserves Are Reduced Upon Cancellation Of The Shares</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MinimumPercentageByWhichCaptalContributionReservesAreReducedUponCancellationOfTheShares_0" xlink:to="lbl_MinimumPercentageByWhichCaptalContributionReservesAreReducedUponCancellationOfTheShares_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MinimumPercentageByWhichCaptalContributionReservesAreReducedUponCancellationOfTheShares_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minimum percentage of the total capital reduction amount exceeding the nominal value by which captal contribution reserves are reduced upon cancellation of the shares</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MinimumPercentageByWhichCaptalContributionReservesAreReducedUponCancellationOfTheShares_0" xlink:to="lbl_MinimumPercentageByWhichCaptalContributionReservesAreReducedUponCancellationOfTheShares_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MinimumPercentageByWhichCaptalContributionReservesAreReducedUponCancellationOfTheShares_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The minimum percentage of the total capital reduction amount exceeding the nominal value by which captal contribution reserves are reduced upon cancellateion of the shares under Swiss tax law.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ValuationAdjustmentReservesOnTheBalanceSheetLineItems" xlink:label="loc_ubs_ValuationAdjustmentReservesOnTheBalanceSheetLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ValuationAdjustmentReservesOnTheBalanceSheetLineItems_0" xlink:to="lbl_ValuationAdjustmentReservesOnTheBalanceSheetLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ValuationAdjustmentReservesOnTheBalanceSheetLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Valuation Adjustment Reserves On The Balance Sheet [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_NumberOfOwnRegisteredSharesAcquiredAndCancelledAsPartOfShareRepurchaseProgram" xlink:label="loc_ubs_NumberOfOwnRegisteredSharesAcquiredAndCancelledAsPartOfShareRepurchaseProgram_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NumberOfOwnRegisteredSharesAcquiredAndCancelledAsPartOfShareRepurchaseProgram_0" xlink:to="lbl_NumberOfOwnRegisteredSharesAcquiredAndCancelledAsPartOfShareRepurchaseProgram_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NumberOfOwnRegisteredSharesAcquiredAndCancelledAsPartOfShareRepurchaseProgram_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Own Registered Shares Acquired And Cancelled As Part Of Share Repurchase Program</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NumberOfOwnRegisteredSharesAcquiredAndCancelledAsPartOfShareRepurchaseProgram_0" xlink:to="lbl_NumberOfOwnRegisteredSharesAcquiredAndCancelledAsPartOfShareRepurchaseProgram_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NumberOfOwnRegisteredSharesAcquiredAndCancelledAsPartOfShareRepurchaseProgram_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Own shares purchased and cancelled as part of the 2024 share repurchase program</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NumberOfOwnRegisteredSharesAcquiredAndCancelledAsPartOfShareRepurchaseProgram_0" xlink:to="lbl_NumberOfOwnRegisteredSharesAcquiredAndCancelledAsPartOfShareRepurchaseProgram_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NumberOfOwnRegisteredSharesAcquiredAndCancelledAsPartOfShareRepurchaseProgram_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of own shares that have been repurchased and subsequently cancelled as part of the share repurchase program.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_InformationTechnologyExpenses" xlink:label="loc_ubs_InformationTechnologyExpenses_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InformationTechnologyExpenses_0" xlink:to="lbl_InformationTechnologyExpenses_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InformationTechnologyExpenses_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Information Technology Expenses</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InformationTechnologyExpenses_0" xlink:to="lbl_InformationTechnologyExpenses_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InformationTechnologyExpenses_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Technology costs</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InformationTechnologyExpenses_0" xlink:to="lbl_InformationTechnologyExpenses_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InformationTechnologyExpenses_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of expense incurred in the period for rent and maintenance of IT and other equipment.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OccupancyPropertyManagementExpense" xlink:label="loc_ubs_OccupancyPropertyManagementExpense_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OccupancyPropertyManagementExpense_0" xlink:to="lbl_OccupancyPropertyManagementExpense_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OccupancyPropertyManagementExpense_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Occupancy Property Management Expense</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OccupancyPropertyManagementExpense_0" xlink:to="lbl_OccupancyPropertyManagementExpense_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OccupancyPropertyManagementExpense_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real estate and logistics costs</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OccupancyPropertyManagementExpense_0" xlink:to="lbl_OccupancyPropertyManagementExpense_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OccupancyPropertyManagementExpense_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of expense arising from occupancy services received by the entity and relating to property management.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_MarketDataServicesExpense" xlink:label="loc_ubs_MarketDataServicesExpense_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MarketDataServicesExpense_0" xlink:to="lbl_MarketDataServicesExpense_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MarketDataServicesExpense_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Market Data Services Expense</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MarketDataServicesExpense_0" xlink:to="lbl_MarketDataServicesExpense_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MarketDataServicesExpense_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Market data services</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MarketDataServicesExpense_0" xlink:to="lbl_MarketDataServicesExpense_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MarketDataServicesExpense_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of expense relating to market data services.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_TravelAndEntertainmentExpense" xlink:label="loc_ubs_TravelAndEntertainmentExpense_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_TravelAndEntertainmentExpense_0" xlink:to="lbl_TravelAndEntertainmentExpense_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_TravelAndEntertainmentExpense_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Travel And Entertainment Expense</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_TravelAndEntertainmentExpense_0" xlink:to="lbl_TravelAndEntertainmentExpense_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_TravelAndEntertainmentExpense_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Travel and entertainment</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_TravelAndEntertainmentExpense_0" xlink:to="lbl_TravelAndEntertainmentExpense_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_TravelAndEntertainmentExpense_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of expense arising from travel and entertainment.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_GeneralAndAdministrativeProvisionsAndLosses" xlink:label="loc_ubs_GeneralAndAdministrativeProvisionsAndLosses_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GeneralAndAdministrativeProvisionsAndLosses_0" xlink:to="lbl_GeneralAndAdministrativeProvisionsAndLosses_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GeneralAndAdministrativeProvisionsAndLosses_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">General And Administrative Provisions And Losses</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GeneralAndAdministrativeProvisionsAndLosses_0" xlink:to="lbl_GeneralAndAdministrativeProvisionsAndLosses_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GeneralAndAdministrativeProvisionsAndLosses_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Litigation, regulatory and similar matters</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GeneralAndAdministrativeProvisionsAndLosses_0" xlink:to="lbl_GeneralAndAdministrativeProvisionsAndLosses_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GeneralAndAdministrativeProvisionsAndLosses_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of net expenses for provisions for litigation, regulatory and similar matters.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_AssetsIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:label="loc_ubs_AssetsIncludedInDisposalGroupsClassifiedAsHeldForSale_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AssetsIncludedInDisposalGroupsClassifiedAsHeldForSale_0" xlink:to="lbl_AssetsIncludedInDisposalGroupsClassifiedAsHeldForSale_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AssetsIncludedInDisposalGroupsClassifiedAsHeldForSale_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Assets Included In Disposal Groups Classified As Held For Sale</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AssetsIncludedInDisposalGroupsClassifiedAsHeldForSale_0" xlink:to="lbl_AssetsIncludedInDisposalGroupsClassifiedAsHeldForSale_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AssetsIncludedInDisposalGroupsClassifiedAsHeldForSale_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Assets of disposal groups held for sale</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AssetsIncludedInDisposalGroupsClassifiedAsHeldForSale_0" xlink:to="lbl_AssetsIncludedInDisposalGroupsClassifiedAsHeldForSale_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AssetsIncludedInDisposalGroupsClassifiedAsHeldForSale_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of assets included in disposal groups classified as held for sale.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_PreciousMetalsAndOtherPhysicalCommoditiesMeasuredAtFairValue" xlink:label="loc_ubs_PreciousMetalsAndOtherPhysicalCommoditiesMeasuredAtFairValue_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PreciousMetalsAndOtherPhysicalCommoditiesMeasuredAtFairValue_0" xlink:to="lbl_PreciousMetalsAndOtherPhysicalCommoditiesMeasuredAtFairValue_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PreciousMetalsAndOtherPhysicalCommoditiesMeasuredAtFairValue_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Precious Metals And Other Physical Commodities Measured At Fair Value</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PreciousMetalsAndOtherPhysicalCommoditiesMeasuredAtFairValue_0" xlink:to="lbl_PreciousMetalsAndOtherPhysicalCommoditiesMeasuredAtFairValue_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PreciousMetalsAndOtherPhysicalCommoditiesMeasuredAtFairValue_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Precious metals and other physical commodities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PreciousMetalsAndOtherPhysicalCommoditiesMeasuredAtFairValue_0" xlink:to="lbl_PreciousMetalsAndOtherPhysicalCommoditiesMeasuredAtFairValue_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PreciousMetalsAndOtherPhysicalCommoditiesMeasuredAtFairValue_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The fair value amount of precious metals and other physical commodities.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_AssetsMeasuredAtFairValue" xlink:label="loc_ubs_AssetsMeasuredAtFairValue_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AssetsMeasuredAtFairValue_0" xlink:to="lbl_AssetsMeasuredAtFairValue_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AssetsMeasuredAtFairValue_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Assets Measured At Fair Value</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AssetsMeasuredAtFairValue_0" xlink:to="lbl_AssetsMeasuredAtFairValue_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AssetsMeasuredAtFairValue_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total assets measured at fair value</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AssetsMeasuredAtFairValue_0" xlink:to="lbl_AssetsMeasuredAtFairValue_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AssetsMeasuredAtFairValue_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of financial and non-financial assets measured at fair value.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AssetsMeasuredAtFairValue_0" xlink:to="lbl_AssetsMeasuredAtFairValue_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AssetsMeasuredAtFairValue_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Total Level 3 assets</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherFinancialLiabilitiesAtAmortisedCostExcludingLeaseLiabilities" xlink:label="loc_ubs_OtherFinancialLiabilitiesAtAmortisedCostExcludingLeaseLiabilities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialLiabilitiesAtAmortisedCostExcludingLeaseLiabilities_0" xlink:to="lbl_OtherFinancialLiabilitiesAtAmortisedCostExcludingLeaseLiabilities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilitiesAtAmortisedCostExcludingLeaseLiabilities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Financial Liabilities At Amortised Cost Excluding Lease Liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialLiabilitiesAtAmortisedCostExcludingLeaseLiabilities_0" xlink:to="lbl_OtherFinancialLiabilitiesAtAmortisedCostExcludingLeaseLiabilities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilitiesAtAmortisedCostExcludingLeaseLiabilities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other financial liabilities measured at amortized cost excluding lease liabilities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialLiabilitiesAtAmortisedCostExcludingLeaseLiabilities_0" xlink:to="lbl_OtherFinancialLiabilitiesAtAmortisedCostExcludingLeaseLiabilities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilitiesAtAmortisedCostExcludingLeaseLiabilities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of other financial liabilities that are held at amortized cost excluding lease liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_IssuedCapitalAndSharePremiumMember" xlink:label="loc_ubs_IssuedCapitalAndSharePremiumMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IssuedCapitalAndSharePremiumMember_0" xlink:to="lbl_IssuedCapitalAndSharePremiumMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IssuedCapitalAndSharePremiumMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Issued Capital And Share Premium [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IssuedCapitalAndSharePremiumMember_0" xlink:to="lbl_IssuedCapitalAndSharePremiumMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IssuedCapitalAndSharePremiumMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share capital and share premium</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IssuedCapitalAndSharePremiumMember_0" xlink:to="lbl_IssuedCapitalAndSharePremiumMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IssuedCapitalAndSharePremiumMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for a component of equity representing issued capital and the amount received or receivable from issuance of the entity's shares in excess of nominal value.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_RealEstateLendingMember" xlink:label="loc_ubs_RealEstateLendingMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RealEstateLendingMember_0" xlink:to="lbl_RealEstateLendingMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RealEstateLendingMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Lending [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RealEstateLendingMember_0" xlink:to="lbl_RealEstateLendingMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RealEstateLendingMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total real estate lending</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RealEstateLendingMember_0" xlink:to="lbl_RealEstateLendingMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RealEstateLendingMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to a class of financial assets that represents private clients with mortgages and real estate financing.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RealEstateLendingMember_0" xlink:to="lbl_RealEstateLendingMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RealEstateLendingMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Real estate lending (on-balance sheet)</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CorporateLendingMember" xlink:label="loc_ubs_CorporateLendingMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CorporateLendingMember_0" xlink:to="lbl_CorporateLendingMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CorporateLendingMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Corporate Lending [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CorporateLendingMember_0" xlink:to="lbl_CorporateLendingMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CorporateLendingMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total corporate lending</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CorporateLendingMember_0" xlink:to="lbl_CorporateLendingMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CorporateLendingMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to loans made to corporate entities and small and medium-sized enterprise.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CorporateLendingMember_0" xlink:to="lbl_CorporateLendingMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CorporateLendingMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Corporate lending (on-balance sheet)</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherLendingMember" xlink:label="loc_ubs_OtherLendingMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherLendingMember_0" xlink:to="lbl_OtherLendingMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherLendingMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Lending [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherLendingMember_0" xlink:to="lbl_OtherLendingMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherLendingMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Total other lending</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherLendingMember_0" xlink:to="lbl_OtherLendingMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherLendingMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to a class of financial assets that represents total other lending.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilitydebtissueddesignatedatfairvalue" xlink:label="loc_ubs_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilitydebtissueddesignatedatfairvalue_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilitydebtissueddesignatedatfairvalue_0" xlink:to="lbl_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilitydebtissueddesignatedatfairvalue_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilitydebtissueddesignatedatfairvalue_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Reserve Of Change In Fair Value Of Financial Liability Attributable To Change In Credit Risk Of Liability Debt Issued Designated At Fair Value</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilitydebtissueddesignatedatfairvalue_0" xlink:to="lbl_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilitydebtissueddesignatedatfairvalue_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilitydebtissueddesignatedatfairvalue_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: debt issued designated at fair value</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilitydebtissueddesignatedatfairvalue_0" xlink:to="lbl_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilitydebtissueddesignatedatfairvalue_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilitydebtissueddesignatedatfairvalue_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">A component of equity representing the accumulated change in fair value of debt issued designated at fair value attributable to change in the credit risk of the liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilityotherfinancialliabilitiesdesignatedatfairvalue" xlink:label="loc_ubs_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilityotherfinancialliabilitiesdesignatedatfairvalue_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilityotherfinancialliabilitiesdesignatedatfairvalue_0" xlink:to="lbl_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilityotherfinancialliabilitiesdesignatedatfairvalue_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilityotherfinancialliabilitiesdesignatedatfairvalue_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Reserve Of Change In Fair Value Of Financial Liability Attributable To Change In Credit Risk Of Liability Other Financial Liabilities Designated At Fair Value</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilityotherfinancialliabilitiesdesignatedatfairvalue_0" xlink:to="lbl_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilityotherfinancialliabilitiesdesignatedatfairvalue_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilityotherfinancialliabilitiesdesignatedatfairvalue_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: other financial liabilities designated at fair value</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilityotherfinancialliabilitiesdesignatedatfairvalue_0" xlink:to="lbl_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilityotherfinancialliabilitiesdesignatedatfairvalue_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Reserveofchangeinfairvalueoffinancialliabilityattributabletochangeincreditriskofliabilityotherfinancialliabilitiesdesignatedatfairvalue_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">A component of equity representing the accumulated change in fair value of other financial liabilities designated at fair value attributable to change in the credit risk of the liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_GainsLossesOnFinancialAssetsReclassifiedOutOfMeasuredAtFairValuethroughOtherComprehensiveIncomeIntoMeasuredAtAmortisedCostBeforeTax" xlink:label="loc_ubs_GainsLossesOnFinancialAssetsReclassifiedOutOfMeasuredAtFairValuethroughOtherComprehensiveIncomeIntoMeasuredAtAmortisedCostBeforeTax_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesOnFinancialAssetsReclassifiedOutOfMeasuredAtFairValuethroughOtherComprehensiveIncomeIntoMeasuredAtAmortisedCostBeforeTax_0" xlink:to="lbl_GainsLossesOnFinancialAssetsReclassifiedOutOfMeasuredAtFairValuethroughOtherComprehensiveIncomeIntoMeasuredAtAmortisedCostBeforeTax_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesOnFinancialAssetsReclassifiedOutOfMeasuredAtFairValuethroughOtherComprehensiveIncomeIntoMeasuredAtAmortisedCostBeforeTax_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Gains Losses On Financial Assets Reclassified Out Of Measured At Fair Value Through Other Comprehensive Income Into Measured At Amortised Cost Before Tax</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesOnFinancialAssetsReclassifiedOutOfMeasuredAtFairValuethroughOtherComprehensiveIncomeIntoMeasuredAtAmortisedCostBeforeTax_0" xlink:to="lbl_GainsLossesOnFinancialAssetsReclassifiedOutOfMeasuredAtFairValuethroughOtherComprehensiveIncomeIntoMeasuredAtAmortisedCostBeforeTax_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesOnFinancialAssetsReclassifiedOutOfMeasuredAtFairValuethroughOtherComprehensiveIncomeIntoMeasuredAtAmortisedCostBeforeTax_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reclassification of financial assets to Other financial assets measured at amortized cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesOnFinancialAssetsReclassifiedOutOfMeasuredAtFairValuethroughOtherComprehensiveIncomeIntoMeasuredAtAmortisedCostBeforeTax_0" xlink:to="lbl_GainsLossesOnFinancialAssetsReclassifiedOutOfMeasuredAtFairValuethroughOtherComprehensiveIncomeIntoMeasuredAtAmortisedCostBeforeTax_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesOnFinancialAssetsReclassifiedOutOfMeasuredAtFairValuethroughOtherComprehensiveIncomeIntoMeasuredAtAmortisedCostBeforeTax_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The gains (losses) recognised in other comprehensive income related to reclassification of financial assets out of measured at fair value through other comprehensive income category into measured at amortised cost category, before tax.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesOnFinancialAssetsReclassifiedOutOfMeasuredAtFairValuethroughOtherComprehensiveIncomeIntoMeasuredAtAmortisedCostBeforeTax_0" xlink:to="lbl_GainsLossesOnFinancialAssetsReclassifiedOutOfMeasuredAtFairValuethroughOtherComprehensiveIncomeIntoMeasuredAtAmortisedCostBeforeTax_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesOnFinancialAssetsReclassifiedOutOfMeasuredAtFairValuethroughOtherComprehensiveIncomeIntoMeasuredAtAmortisedCostBeforeTax_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Reclassification of financial assets to Other financial assets measured at amortized cost, before tax</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfDerivativeFinancialAssetsAndLiabilitiesLineItems" xlink:label="loc_ubs_DisclosureOfDerivativeFinancialAssetsAndLiabilitiesLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfDerivativeFinancialAssetsAndLiabilitiesLineItems_0" xlink:to="lbl_DisclosureOfDerivativeFinancialAssetsAndLiabilitiesLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfDerivativeFinancialAssetsAndLiabilitiesLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Derivative Financial Assets And Liabilities [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfDerivativeFinancialAssetsAndLiabilitiesExplanatory" xlink:label="loc_ubs_DisclosureOfDerivativeFinancialAssetsAndLiabilitiesExplanatory_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfDerivativeFinancialAssetsAndLiabilitiesExplanatory_0" xlink:to="lbl_DisclosureOfDerivativeFinancialAssetsAndLiabilitiesExplanatory_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfDerivativeFinancialAssetsAndLiabilitiesExplanatory_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Derivative Financial Assets And Liabilities Explanatory</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfDerivativeFinancialAssetsAndLiabilitiesExplanatory_0" xlink:to="lbl_DisclosureOfDerivativeFinancialAssetsAndLiabilitiesExplanatory_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfDerivativeFinancialAssetsAndLiabilitiesExplanatory_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The disclosure of derivative financial assets and derivative financial liabilities.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfDerivativeFinancialAssetsAndLiabilitiesExplanatory_0" xlink:to="lbl_DisclosureOfDerivativeFinancialAssetsAndLiabilitiesExplanatory_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfDerivativeFinancialAssetsAndLiabilitiesExplanatory_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative instruments</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfValuationAdjustmentReservesOnTheBalanceSheetExplanatory" xlink:label="loc_ubs_DisclosureOfValuationAdjustmentReservesOnTheBalanceSheetExplanatory_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfValuationAdjustmentReservesOnTheBalanceSheetExplanatory_0" xlink:to="lbl_DisclosureOfValuationAdjustmentReservesOnTheBalanceSheetExplanatory_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfValuationAdjustmentReservesOnTheBalanceSheetExplanatory_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Valuation Adjustment Reserves On The Balance Sheet Explanatory</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfValuationAdjustmentReservesOnTheBalanceSheetExplanatory_0" xlink:to="lbl_DisclosureOfValuationAdjustmentReservesOnTheBalanceSheetExplanatory_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfValuationAdjustmentReservesOnTheBalanceSheetExplanatory_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The disclosure of valuation adjustment reserves on the balance sheet.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfValuationAdjustmentReservesOnTheBalanceSheetExplanatory_0" xlink:to="lbl_DisclosureOfValuationAdjustmentReservesOnTheBalanceSheetExplanatory_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfValuationAdjustmentReservesOnTheBalanceSheetExplanatory_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other valuation adjustment reserves on the balance sheet</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesExplanatory" xlink:label="loc_ubs_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesExplanatory_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesExplanatory_0" xlink:to="lbl_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesExplanatory_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesExplanatory_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Sensitivity Analysis Of Fair Value Measurement To Changes In Unobservable Inputs Assets And Liabilities Explanatory</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesExplanatory_0" xlink:to="lbl_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesExplanatory_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsAndLiabilitiesExplanatory_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sensitivity of fair value measurements to changes in unobservable input assumptions</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsAndLiabilitiesExplanatory" xlink:label="loc_ubs_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsAndLiabilitiesExplanatory_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsAndLiabilitiesExplanatory_0" xlink:to="lbl_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsAndLiabilitiesExplanatory_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsAndLiabilitiesExplanatory_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets And Liabilities Explanatory</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsAndLiabilitiesExplanatory_0" xlink:to="lbl_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsAndLiabilitiesExplanatory_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsAndLiabilitiesExplanatory_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Valuation techniques and inputs used in the fair value measurement of Level 3 assets and liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfLevel3OfFairValueOfFinancialInstrumentsExplanatory" xlink:label="loc_ubs_DisclosureOfLevel3OfFairValueOfFinancialInstrumentsExplanatory_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfLevel3OfFairValueOfFinancialInstrumentsExplanatory_0" xlink:to="lbl_DisclosureOfLevel3OfFairValueOfFinancialInstrumentsExplanatory_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfLevel3OfFairValueOfFinancialInstrumentsExplanatory_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Level 3 Of Fair Value Of Financial Instruments Explanatory</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfLevel3OfFairValueOfFinancialInstrumentsExplanatory_0" xlink:to="lbl_DisclosureOfLevel3OfFairValueOfFinancialInstrumentsExplanatory_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfLevel3OfFairValueOfFinancialInstrumentsExplanatory_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The disclosure of the level 3 of fair value of financial instruments.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfLevel3OfFairValueOfFinancialInstrumentsExplanatory_0" xlink:to="lbl_DisclosureOfLevel3OfFairValueOfFinancialInstrumentsExplanatory_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfLevel3OfFairValueOfFinancialInstrumentsExplanatory_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Movements of Level 3 instruments</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfFairValueOfFinancialInstrumentsNotMeasuredAtFairValueExplanatory" xlink:label="loc_ubs_DisclosureOfFairValueOfFinancialInstrumentsNotMeasuredAtFairValueExplanatory_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfFairValueOfFinancialInstrumentsNotMeasuredAtFairValueExplanatory_0" xlink:to="lbl_DisclosureOfFairValueOfFinancialInstrumentsNotMeasuredAtFairValueExplanatory_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfFairValueOfFinancialInstrumentsNotMeasuredAtFairValueExplanatory_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Fair Value Of Financial Instruments Not Measured At Fair Value Explanatory</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfFairValueOfFinancialInstrumentsNotMeasuredAtFairValueExplanatory_0" xlink:to="lbl_DisclosureOfFairValueOfFinancialInstrumentsNotMeasuredAtFairValueExplanatory_1"></link:labelArc>
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    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfOtherNonFinancialLiabilitiesExplanatory_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The disclosure of other non-financial liabilities.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfOtherNonFinancialLiabilitiesExplanatory_0" xlink:to="lbl_DisclosureOfOtherNonFinancialLiabilitiesExplanatory_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfOtherNonFinancialLiabilitiesExplanatory_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other non-financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfCoverageRatiosExplanatory" xlink:label="loc_ubs_DisclosureOfCoverageRatiosExplanatory_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfCoverageRatiosExplanatory_0" xlink:to="lbl_DisclosureOfCoverageRatiosExplanatory_0"></link:labelArc>
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    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfCoverageRatiosExplanatory_0" xlink:to="lbl_DisclosureOfCoverageRatiosExplanatory_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfCoverageRatiosExplanatory_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Coverage ratios for core loan portfolio</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureNetInterestIncomeTablesExplanatory" xlink:label="loc_ubs_DisclosureNetInterestIncomeTablesExplanatory_0"></link:loc>
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    <link:label xlink:type="resource" xlink:label="lbl_DisclosureNetInterestIncomeTablesExplanatory_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The disclosure of net interest income.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureNetInterestIncomeTablesExplanatory_0" xlink:to="lbl_DisclosureNetInterestIncomeTablesExplanatory_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureNetInterestIncomeTablesExplanatory_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net interest income</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfFeeAndCommissionIncomeExpenseTablesExplanatory" xlink:label="loc_ubs_DisclosureOfFeeAndCommissionIncomeExpenseTablesExplanatory_0"></link:loc>
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    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfEmployeeBenefitsTablesExplanatory" xlink:label="loc_ubs_DisclosureOfEmployeeBenefitsTablesExplanatory_0"></link:loc>
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    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfEmployeeBenefitsTablesExplanatory_0" xlink:to="lbl_DisclosureOfEmployeeBenefitsTablesExplanatory_1"></link:labelArc>
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    <link:label xlink:type="resource" xlink:label="lbl_IncreaseDecreaseExpectedCreditLossRate_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Increase Decrease Expected Credit Loss Rate</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseDecreaseExpectedCreditLossRate_0" xlink:to="lbl_IncreaseDecreaseExpectedCreditLossRate_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseDecreaseExpectedCreditLossRate_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Increase decrease in ECL coverage</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IncreaseDecreaseExpectedCreditLossRate_0" xlink:to="lbl_IncreaseDecreaseExpectedCreditLossRate_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IncreaseDecreaseExpectedCreditLossRate_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Increase or decrease in the rate of expected credit losses, calculated as percentage of the gross carrying amount. Expected credit losses are the weighted average of credit losses with the respective risks of a default occurring as the weights.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfLitigationRegulatoryAndSimilarMattersSegmentsTable" xlink:label="loc_ubs_DisclosureOfLitigationRegulatoryAndSimilarMattersSegmentsTable_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfLitigationRegulatoryAndSimilarMattersSegmentsTable_0" xlink:to="lbl_DisclosureOfLitigationRegulatoryAndSimilarMattersSegmentsTable_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfLitigationRegulatoryAndSimilarMattersSegmentsTable_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Litigation Regulatory And Similar Matters Segments [Table]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfLitigationRegulatoryAndSimilarMattersSegmentsTable_0" xlink:to="lbl_DisclosureOfLitigationRegulatoryAndSimilarMattersSegmentsTable_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfLitigationRegulatoryAndSimilarMattersSegmentsTable_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule disclosing information related to litigation, regulatory and similar matters per operating segment.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfMaterialAccountingPoliciesAbstract" xlink:label="loc_ubs_DisclosureOfMaterialAccountingPoliciesAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfMaterialAccountingPoliciesAbstract_0" xlink:to="lbl_DisclosureOfMaterialAccountingPoliciesAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfMaterialAccountingPoliciesAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Material Accounting Policies [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfMaterialAccountingPolicyInformationLineItems" xlink:label="loc_ubs_DisclosureOfMaterialAccountingPolicyInformationLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfMaterialAccountingPolicyInformationLineItems_0" xlink:to="lbl_DisclosureOfMaterialAccountingPolicyInformationLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfMaterialAccountingPolicyInformationLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Material Accounting Policy Information [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfMaterialAccountingPolicyInformationLineItems_0" xlink:to="lbl_DisclosureOfMaterialAccountingPolicyInformationLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfMaterialAccountingPolicyInformationLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfMaterialAccountingPoliciesDescriptionsLineItems" xlink:label="loc_ubs_DisclosureOfMaterialAccountingPoliciesDescriptionsLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfMaterialAccountingPoliciesDescriptionsLineItems_0" xlink:to="lbl_DisclosureOfMaterialAccountingPoliciesDescriptionsLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfMaterialAccountingPoliciesDescriptionsLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Material Accounting Policies Descriptions [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfMaterialAccountingPoliciesDescriptionsLineItems_0" xlink:to="lbl_DisclosureOfMaterialAccountingPoliciesDescriptionsLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfMaterialAccountingPoliciesDescriptionsLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfProvisionMatrixDetailsAbstract" xlink:label="loc_ubs_DisclosureOfProvisionMatrixDetailsAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfProvisionMatrixDetailsAbstract_0" xlink:to="lbl_DisclosureOfProvisionMatrixDetailsAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfProvisionMatrixDetailsAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Provision Matrix Details [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DocumentAndEntityInformationAbstract" xlink:label="loc_ubs_DocumentAndEntityInformationAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DocumentAndEntityInformationAbstract_0" xlink:to="lbl_DocumentAndEntityInformationAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DocumentAndEntityInformationAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Document And Entity Information [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfLitigationRegulatoryAndSimilarMattersAbstract" xlink:label="loc_ubs_DisclosureOfLitigationRegulatoryAndSimilarMattersAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfLitigationRegulatoryAndSimilarMattersAbstract_0" xlink:to="lbl_DisclosureOfLitigationRegulatoryAndSimilarMattersAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfLitigationRegulatoryAndSimilarMattersAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Litigation Regulatory And Similar Matters [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfGeneralAndAdministrativeExpenseAbstract" xlink:label="loc_ubs_DisclosureOfGeneralAndAdministrativeExpenseAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfGeneralAndAdministrativeExpenseAbstract_0" xlink:to="lbl_DisclosureOfGeneralAndAdministrativeExpenseAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfGeneralAndAdministrativeExpenseAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of General And Administrative Expense [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_FairValueMeasurementAbstract" xlink:label="loc_ubs_FairValueMeasurementAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FairValueMeasurementAbstract_0" xlink:to="lbl_FairValueMeasurementAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FairValueMeasurementAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Fair Value Measurement [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfOtherAssetsAndOtherLiabilitiesAbstract" xlink:label="loc_ubs_DisclosureOfOtherAssetsAndOtherLiabilitiesAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfOtherAssetsAndOtherLiabilitiesAbstract_0" xlink:to="lbl_DisclosureOfOtherAssetsAndOtherLiabilitiesAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfOtherAssetsAndOtherLiabilitiesAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Other Assets And Other Liabilities [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfNetInterestIncomeAbstract" xlink:label="loc_ubs_DisclosureOfNetInterestIncomeAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfNetInterestIncomeAbstract_0" xlink:to="lbl_DisclosureOfNetInterestIncomeAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfNetInterestIncomeAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Net Interest Income [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfOtherAssetsAbstract" xlink:label="loc_ubs_DisclosureOfOtherAssetsAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfOtherAssetsAbstract_0" xlink:to="lbl_DisclosureOfOtherAssetsAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfOtherAssetsAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Other Assets [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfOtherLiabilitiesAbstract" xlink:label="loc_ubs_DisclosureOfOtherLiabilitiesAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfOtherLiabilitiesAbstract_0" xlink:to="lbl_DisclosureOfOtherLiabilitiesAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfOtherLiabilitiesAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Other Liabilities [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfDerivativeFinancialInstrumentsAbstract" xlink:label="loc_ubs_DisclosureOfDerivativeFinancialInstrumentsAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfDerivativeFinancialInstrumentsAbstract_0" xlink:to="lbl_DisclosureOfDerivativeFinancialInstrumentsAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfDerivativeFinancialInstrumentsAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Derivative Financial Instruments [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOffsettingFinancialAssetsAndFinancialLiabilitiesAbstract" xlink:label="loc_ubs_DisclosureOffsettingFinancialAssetsAndFinancialLiabilitiesAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOffsettingFinancialAssetsAndFinancialLiabilitiesAbstract_0" xlink:to="lbl_DisclosureOffsettingFinancialAssetsAndFinancialLiabilitiesAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOffsettingFinancialAssetsAndFinancialLiabilitiesAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Offsetting Financial Assets And Financial Liabilities [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ForeignExchangeRatesDetailsAbstract" xlink:label="loc_ubs_ForeignExchangeRatesDetailsAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ForeignExchangeRatesDetailsAbstract_0" xlink:to="lbl_ForeignExchangeRatesDetailsAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ForeignExchangeRatesDetailsAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Foreign Exchange Rates Details [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ExpenseOnVariableCompensationFinancialAdvisors" xlink:label="loc_ubs_ExpenseOnVariableCompensationFinancialAdvisors_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ExpenseOnVariableCompensationFinancialAdvisors_0" xlink:to="lbl_ExpenseOnVariableCompensationFinancialAdvisors_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ExpenseOnVariableCompensationFinancialAdvisors_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Expense On Variable Compensation Financial Advisors</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ExpenseOnVariableCompensationFinancialAdvisors_0" xlink:to="lbl_ExpenseOnVariableCompensationFinancialAdvisors_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ExpenseOnVariableCompensationFinancialAdvisors_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: variable compensation - financial advisors</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ExpenseOnVariableCompensationFinancialAdvisors_0" xlink:to="lbl_ExpenseOnVariableCompensationFinancialAdvisors_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ExpenseOnVariableCompensationFinancialAdvisors_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of variable compensation specifically for financial advisors in the business division Global Wealth Management.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_MadoffBMISTrusteeMember" xlink:label="loc_ubs_MadoffBMISTrusteeMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MadoffBMISTrusteeMember_0" xlink:to="lbl_MadoffBMISTrusteeMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MadoffBMISTrusteeMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Madoff BMIS Trustee [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MadoffBMISTrusteeMember_0" xlink:to="lbl_MadoffBMISTrusteeMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MadoffBMISTrusteeMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Madoff | claims filed in the US by BMIS Trustee against UBS entities and various other parties</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MadoffBMISTrusteeMember_0" xlink:to="lbl_MadoffBMISTrusteeMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MadoffBMISTrusteeMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member refers to claims related to Bernard L. Madoff Investment Securities LLC (BMIS) Trustee investment fraud filed in the US.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossOverTheCounterDebtInstrumentsAndMiscellaneous" xlink:label="loc_ubs_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossOverTheCounterDebtInstrumentsAndMiscellaneous_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossOverTheCounterDebtInstrumentsAndMiscellaneous_0" xlink:to="lbl_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossOverTheCounterDebtInstrumentsAndMiscellaneous_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossOverTheCounterDebtInstrumentsAndMiscellaneous_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Financial Liabilities At Fair Value Through Profit Or Loss Over The Counter Debt Instruments And Miscellaneous</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossOverTheCounterDebtInstrumentsAndMiscellaneous_0" xlink:to="lbl_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossOverTheCounterDebtInstrumentsAndMiscellaneous_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossOverTheCounterDebtInstrumentsAndMiscellaneous_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Over-the-counter debt instruments and other</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossOverTheCounterDebtInstrumentsAndMiscellaneous_0" xlink:to="lbl_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossOverTheCounterDebtInstrumentsAndMiscellaneous_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossOverTheCounterDebtInstrumentsAndMiscellaneous_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of over-the-counter debt instruments and other miscellaneous financial liabilities that are designated at fair value.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CommercialPaperAndCertificatesOfDepositMember" xlink:label="loc_ubs_CommercialPaperAndCertificatesOfDepositMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CommercialPaperAndCertificatesOfDepositMember_0" xlink:to="lbl_CommercialPaperAndCertificatesOfDepositMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommercialPaperAndCertificatesOfDepositMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Commercial Paper And Certificates Of Deposit [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CommercialPaperAndCertificatesOfDepositMember_0" xlink:to="lbl_CommercialPaperAndCertificatesOfDepositMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommercialPaperAndCertificatesOfDepositMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: Commercial paper and certificates of deposit</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CommercialPaperAndCertificatesOfDepositMember_0" xlink:to="lbl_CommercialPaperAndCertificatesOfDepositMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CommercialPaperAndCertificatesOfDepositMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to commercial paper and certificates of deposit.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CreditSuisseMember" xlink:label="loc_ubs_CreditSuisseMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditSuisseMember_0" xlink:to="lbl_CreditSuisseMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditSuisseMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Credit Suisse [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditSuisseMember_0" xlink:to="lbl_CreditSuisseMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditSuisseMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit Suisse</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditSuisseMember_0" xlink:to="lbl_CreditSuisseMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditSuisseMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Credit Suisse</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_MoneyMarketPaperInFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:label="loc_ubs_MoneyMarketPaperInFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MoneyMarketPaperInFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_0" xlink:to="lbl_MoneyMarketPaperInFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MoneyMarketPaperInFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Money Market Paper In Financial Assets Measured At Fair Value Through Other Comprehensive Income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MoneyMarketPaperInFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_0" xlink:to="lbl_MoneyMarketPaperInFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MoneyMarketPaperInFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Money market paper in financial assets measured at fair value through other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MoneyMarketPaperInFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_0" xlink:to="lbl_MoneyMarketPaperInFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MoneyMarketPaperInFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount in financial assets measured at fair value through other comprehensive income in the form of money market paper.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_MoneyMarketPaperInFinancialAssetsAtFairValueHeldForTrading" xlink:label="loc_ubs_MoneyMarketPaperInFinancialAssetsAtFairValueHeldForTrading_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MoneyMarketPaperInFinancialAssetsAtFairValueHeldForTrading_0" xlink:to="lbl_MoneyMarketPaperInFinancialAssetsAtFairValueHeldForTrading_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MoneyMarketPaperInFinancialAssetsAtFairValueHeldForTrading_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Money Market Paper In Financial Assets At Fair Value Held For Trading</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MoneyMarketPaperInFinancialAssetsAtFairValueHeldForTrading_0" xlink:to="lbl_MoneyMarketPaperInFinancialAssetsAtFairValueHeldForTrading_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MoneyMarketPaperInFinancialAssetsAtFairValueHeldForTrading_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Money market paper in financial assets at fair value held for trading</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MoneyMarketPaperInFinancialAssetsAtFairValueHeldForTrading_0" xlink:to="lbl_MoneyMarketPaperInFinancialAssetsAtFairValueHeldForTrading_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MoneyMarketPaperInFinancialAssetsAtFairValueHeldForTrading_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount in financial assets at fair value held for trading in the form of money market paper.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_MoneyMarketPaperInFinancialAssetsAtFairValueNotHeldForTrading" xlink:label="loc_ubs_MoneyMarketPaperInFinancialAssetsAtFairValueNotHeldForTrading_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MoneyMarketPaperInFinancialAssetsAtFairValueNotHeldForTrading_0" xlink:to="lbl_MoneyMarketPaperInFinancialAssetsAtFairValueNotHeldForTrading_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MoneyMarketPaperInFinancialAssetsAtFairValueNotHeldForTrading_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Money Market Paper In Financial Assets At Fair Value Not Held For Trading</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MoneyMarketPaperInFinancialAssetsAtFairValueNotHeldForTrading_0" xlink:to="lbl_MoneyMarketPaperInFinancialAssetsAtFairValueNotHeldForTrading_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MoneyMarketPaperInFinancialAssetsAtFairValueNotHeldForTrading_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Money market paper in financial assets at fair value not held for trading</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MoneyMarketPaperInFinancialAssetsAtFairValueNotHeldForTrading_0" xlink:to="lbl_MoneyMarketPaperInFinancialAssetsAtFairValueNotHeldForTrading_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MoneyMarketPaperInFinancialAssetsAtFairValueNotHeldForTrading_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of financial assets at fair value not held for trading in the form of money market paper.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_MoneyMarketPaperInOtherFinancialAssetsMeasuredAtAmortizedCost" xlink:label="loc_ubs_MoneyMarketPaperInOtherFinancialAssetsMeasuredAtAmortizedCost_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MoneyMarketPaperInOtherFinancialAssetsMeasuredAtAmortizedCost_0" xlink:to="lbl_MoneyMarketPaperInOtherFinancialAssetsMeasuredAtAmortizedCost_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MoneyMarketPaperInOtherFinancialAssetsMeasuredAtAmortizedCost_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Money Market Paper In Other Financial Assets Measured At Amortized Cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MoneyMarketPaperInOtherFinancialAssetsMeasuredAtAmortizedCost_0" xlink:to="lbl_MoneyMarketPaperInOtherFinancialAssetsMeasuredAtAmortizedCost_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MoneyMarketPaperInOtherFinancialAssetsMeasuredAtAmortizedCost_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Money market paper in other financial assets measured at amortized cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MoneyMarketPaperInOtherFinancialAssetsMeasuredAtAmortizedCost_0" xlink:to="lbl_MoneyMarketPaperInOtherFinancialAssetsMeasuredAtAmortizedCost_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MoneyMarketPaperInOtherFinancialAssetsMeasuredAtAmortizedCost_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of other financial assets measured at amortized cost in the form of money market paper.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_InterestRateMember" xlink:label="loc_ubs_InterestRateMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestRateMember_0" xlink:to="lbl_InterestRateMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestRateMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestRateMember_0" xlink:to="lbl_InterestRateMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestRateMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fixed income: 10-year government bonds (%, Q4)</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestRateMember_0" xlink:to="lbl_InterestRateMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestRateMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for 10-year government bonds yield.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ConsumerFinancingMember" xlink:label="loc_ubs_ConsumerFinancingMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ConsumerFinancingMember_0" xlink:to="lbl_ConsumerFinancingMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ConsumerFinancingMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Consumer Financing [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ConsumerFinancingMember_0" xlink:to="lbl_ConsumerFinancingMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ConsumerFinancingMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consumer financing</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ConsumerFinancingMember_0" xlink:to="lbl_ConsumerFinancingMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ConsumerFinancingMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to consumer financing.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ConsumerFinancingMember_0" xlink:to="lbl_ConsumerFinancingMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ConsumerFinancingMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Consumer financing</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ShipAircraftMember" xlink:label="loc_ubs_ShipAircraftMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ShipAircraftMember_0" xlink:to="lbl_ShipAircraftMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ShipAircraftMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Ship Aircraft [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ShipAircraftMember_0" xlink:to="lbl_ShipAircraftMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ShipAircraftMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ship / aircraft financing</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ShipAircraftMember_0" xlink:to="lbl_ShipAircraftMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ShipAircraftMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to ship and aircraft financing.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ShipAircraftMember_0" xlink:to="lbl_ShipAircraftMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ShipAircraftMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Ship / aircraft financing</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherRiskMember" xlink:label="loc_ubs_OtherRiskMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherRiskMember_0" xlink:to="lbl_OtherRiskMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherRiskMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Risk [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherRiskMember_0" xlink:to="lbl_OtherRiskMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherRiskMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherRiskMember_0" xlink:to="lbl_OtherRiskMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherRiskMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to loan commitments measured at FVTPL and unsettled purchases and sales of non-derivative financial instruments.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisposalAndRedemptionOfDebtSecuritiesMeasuredAtAmortizedCost" xlink:label="loc_ubs_DisposalAndRedemptionOfDebtSecuritiesMeasuredAtAmortizedCost_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisposalAndRedemptionOfDebtSecuritiesMeasuredAtAmortizedCost_0" xlink:to="lbl_DisposalAndRedemptionOfDebtSecuritiesMeasuredAtAmortizedCost_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisposalAndRedemptionOfDebtSecuritiesMeasuredAtAmortizedCost_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disposal And Redemption Of Debt Securities Measured At Amortized Cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisposalAndRedemptionOfDebtSecuritiesMeasuredAtAmortizedCost_0" xlink:to="lbl_DisposalAndRedemptionOfDebtSecuritiesMeasuredAtAmortizedCost_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisposalAndRedemptionOfDebtSecuritiesMeasuredAtAmortizedCost_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The cash inflow from sales or maturity of debt securities measured at amortized cost.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisposalAndRedemptionOfDebtSecuritiesMeasuredAtAmortizedCost_0" xlink:to="lbl_DisposalAndRedemptionOfDebtSecuritiesMeasuredAtAmortizedCost_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisposalAndRedemptionOfDebtSecuritiesMeasuredAtAmortizedCost_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Disposal and redemption of debt securities measured at amortized cost</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_PurchaseOfDebtSecuritiesMeasuredAtAmortizedCost" xlink:label="loc_ubs_PurchaseOfDebtSecuritiesMeasuredAtAmortizedCost_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PurchaseOfDebtSecuritiesMeasuredAtAmortizedCost_0" xlink:to="lbl_PurchaseOfDebtSecuritiesMeasuredAtAmortizedCost_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PurchaseOfDebtSecuritiesMeasuredAtAmortizedCost_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Purchase Of Debt Securities Measured At Amortized Cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PurchaseOfDebtSecuritiesMeasuredAtAmortizedCost_0" xlink:to="lbl_PurchaseOfDebtSecuritiesMeasuredAtAmortizedCost_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PurchaseOfDebtSecuritiesMeasuredAtAmortizedCost_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The cash outflow for the purchase of debt securities measured at amortized cost.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PurchaseOfDebtSecuritiesMeasuredAtAmortizedCost_0" xlink:to="lbl_PurchaseOfDebtSecuritiesMeasuredAtAmortizedCost_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PurchaseOfDebtSecuritiesMeasuredAtAmortizedCost_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchase of debt securities measured at amortized cost</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_BondCurrencyAxis" xlink:label="loc_ubs_BondCurrencyAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondCurrencyAxis_0" xlink:to="lbl_BondCurrencyAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondCurrencyAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Bond Currency Axis [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_AllBondCurrenciesMember" xlink:label="loc_ubs_AllBondCurrenciesMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AllBondCurrenciesMember_0" xlink:to="lbl_AllBondCurrenciesMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AllBondCurrenciesMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">All Bond Currencies [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AllBondCurrenciesMember_0" xlink:to="lbl_AllBondCurrenciesMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AllBondCurrenciesMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for all bond currencies.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_BondCurrencyUSDMember" xlink:label="loc_ubs_BondCurrencyUSDMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondCurrencyUSDMember_0" xlink:to="lbl_BondCurrencyUSDMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondCurrencyUSDMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Bond Currency USD [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondCurrencyUSDMember_0" xlink:to="lbl_BondCurrencyUSDMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondCurrencyUSDMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">USD</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondCurrencyUSDMember_0" xlink:to="lbl_BondCurrencyUSDMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondCurrencyUSDMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for bond currency USD.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_BondCurrencyEurMember" xlink:label="loc_ubs_BondCurrencyEurMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondCurrencyEurMember_0" xlink:to="lbl_BondCurrencyEurMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondCurrencyEurMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Bond Currency EUR [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondCurrencyEurMember_0" xlink:to="lbl_BondCurrencyEurMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondCurrencyEurMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">EUR</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondCurrencyEurMember_0" xlink:to="lbl_BondCurrencyEurMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondCurrencyEurMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for bond currency EUR.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_BondCurrencyCHFMember" xlink:label="loc_ubs_BondCurrencyCHFMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondCurrencyCHFMember_0" xlink:to="lbl_BondCurrencyCHFMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondCurrencyCHFMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Bond Currency CHF [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondCurrencyCHFMember_0" xlink:to="lbl_BondCurrencyCHFMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondCurrencyCHFMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">CHF</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondCurrencyCHFMember_0" xlink:to="lbl_BondCurrencyCHFMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondCurrencyCHFMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for bond currency CHF.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CreditValuationAdjustments" xlink:label="loc_ubs_CreditValuationAdjustments_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditValuationAdjustments_0" xlink:to="lbl_CreditValuationAdjustments_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditValuationAdjustments_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Credit Valuation Adjustments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditValuationAdjustments_0" xlink:to="lbl_CreditValuationAdjustments_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditValuationAdjustments_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit valuation adjustments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditValuationAdjustments_0" xlink:to="lbl_CreditValuationAdjustments_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditValuationAdjustments_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of valuation adjustments made on financial instruments which represents the estimated fair value of protection required to hedge the counterparty credit risk of OTC derivative instruments, including funded derivative instruments that are classified as Financial assets at fair value not held for trading.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherValuationAdjustments" xlink:label="loc_ubs_OtherValuationAdjustments_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherValuationAdjustments_0" xlink:to="lbl_OtherValuationAdjustments_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherValuationAdjustments_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Valuation Adjustments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherValuationAdjustments_0" xlink:to="lbl_OtherValuationAdjustments_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherValuationAdjustments_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Other valuation adjustments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherValuationAdjustments_0" xlink:to="lbl_OtherValuationAdjustments_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherValuationAdjustments_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of other valuation adjustments made on financial instruments.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_LiquidityValuationAdjustments" xlink:label="loc_ubs_LiquidityValuationAdjustments_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LiquidityValuationAdjustments_0" xlink:to="lbl_LiquidityValuationAdjustments_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LiquidityValuationAdjustments_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Liquidity Valuation Adjustments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LiquidityValuationAdjustments_0" xlink:to="lbl_LiquidityValuationAdjustments_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LiquidityValuationAdjustments_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: liquidity</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LiquidityValuationAdjustments_0" xlink:to="lbl_LiquidityValuationAdjustments_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LiquidityValuationAdjustments_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of valuation adjustments made on financial instruments relating to liquidity.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ModelUncertaintyValuationAdjustments" xlink:label="loc_ubs_ModelUncertaintyValuationAdjustments_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ModelUncertaintyValuationAdjustments_0" xlink:to="lbl_ModelUncertaintyValuationAdjustments_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ModelUncertaintyValuationAdjustments_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Model Uncertainty Valuation Adjustments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ModelUncertaintyValuationAdjustments_0" xlink:to="lbl_ModelUncertaintyValuationAdjustments_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ModelUncertaintyValuationAdjustments_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: model uncertainty</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ModelUncertaintyValuationAdjustments_0" xlink:to="lbl_ModelUncertaintyValuationAdjustments_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ModelUncertaintyValuationAdjustments_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of valuation adjustments made on financial instruments relating to model uncertainty.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ProvisionsOther" xlink:label="loc_ubs_ProvisionsOther_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProvisionsOther_0" xlink:to="lbl_ProvisionsOther_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProvisionsOther_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Provisions Other</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProvisionsOther_0" xlink:to="lbl_ProvisionsOther_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProvisionsOther_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Balance at the end of period</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProvisionsOther_0" xlink:to="lbl_ProvisionsOther_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProvisionsOther_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of provisions other than provisions for expected credit losses and provisions related to loan commitments.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProvisionsOther_0" xlink:to="lbl_ProvisionsOther_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProvisionsOther_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Provisions related to litigation, regulatory and similar matters (IAS 37, Provisions, Contingent Liabilities and Contingent Assets)</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProvisionsOther_0" xlink:to="lbl_ProvisionsOther_4"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProvisionsOther_4" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Balance as of 31 December 2025</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProvisionsOther_0" xlink:to="lbl_ProvisionsOther_5"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProvisionsOther_5" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Balance as of 30 June 2026</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_FundingAndDebitValuationAdjustments" xlink:label="loc_ubs_FundingAndDebitValuationAdjustments_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FundingAndDebitValuationAdjustments_0" xlink:to="lbl_FundingAndDebitValuationAdjustments_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FundingAndDebitValuationAdjustments_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Funding And Debit Valuation Adjustments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FundingAndDebitValuationAdjustments_0" xlink:to="lbl_FundingAndDebitValuationAdjustments_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FundingAndDebitValuationAdjustments_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Funding and debit valuation adjustments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FundingAndDebitValuationAdjustments_0" xlink:to="lbl_FundingAndDebitValuationAdjustments_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FundingAndDebitValuationAdjustments_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of valuation adjustments made on financial instruments which reflect the costs and benefits of funding associated with uncollateralized and partially collateralized derivative receivables and payables, and adjustment made to the measurement of derivative liabilities to reflect the own credit risk of the entity.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_PriceMeasurementInputMember" xlink:label="loc_ubs_PriceMeasurementInputMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PriceMeasurementInputMember_0" xlink:to="lbl_PriceMeasurementInputMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PriceMeasurementInputMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Price Measurement Input [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PriceMeasurementInputMember_0" xlink:to="lbl_PriceMeasurementInputMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PriceMeasurementInputMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Price</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PriceMeasurementInputMember_0" xlink:to="lbl_PriceMeasurementInputMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PriceMeasurementInputMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for price used as a measurement input.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_IRToIRCorrelationMeasurementInputMember" xlink:label="loc_ubs_IRToIRCorrelationMeasurementInputMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IRToIRCorrelationMeasurementInputMember_0" xlink:to="lbl_IRToIRCorrelationMeasurementInputMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IRToIRCorrelationMeasurementInputMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">IR To IR Correlation Measurement Input [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IRToIRCorrelationMeasurementInputMember_0" xlink:to="lbl_IRToIRCorrelationMeasurementInputMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IRToIRCorrelationMeasurementInputMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">IR-to-IR correlation</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IRToIRCorrelationMeasurementInputMember_0" xlink:to="lbl_IRToIRCorrelationMeasurementInputMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IRToIRCorrelationMeasurementInputMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for IR-to-IR correlation used as a measurement input.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_RecoveryRatesMeasurementInputMember" xlink:label="loc_ubs_RecoveryRatesMeasurementInputMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RecoveryRatesMeasurementInputMember_0" xlink:to="lbl_RecoveryRatesMeasurementInputMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RecoveryRatesMeasurementInputMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Recovery Rates Measurement Input [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RecoveryRatesMeasurementInputMember_0" xlink:to="lbl_RecoveryRatesMeasurementInputMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RecoveryRatesMeasurementInputMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Recovery rates</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RecoveryRatesMeasurementInputMember_0" xlink:to="lbl_RecoveryRatesMeasurementInputMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RecoveryRatesMeasurementInputMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for recovery rates used as a measurement input.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DamageAwardGenevaCriminalCourt" xlink:label="loc_ubs_DamageAwardGenevaCriminalCourt_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DamageAwardGenevaCriminalCourt_0" xlink:to="lbl_DamageAwardGenevaCriminalCourt_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DamageAwardGenevaCriminalCourt_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Damage Award Geneva Criminal Court</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DamageAwardGenevaCriminalCourt_0" xlink:to="lbl_DamageAwardGenevaCriminalCourt_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DamageAwardGenevaCriminalCourt_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Damage award Geneva criminal court</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DamageAwardGenevaCriminalCourt_0" xlink:to="lbl_DamageAwardGenevaCriminalCourt_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DamageAwardGenevaCriminalCourt_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Damages award announced in the verdict of the Geneva criminal court.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_FineDecisionSwissFederalCriminalCourt" xlink:label="loc_ubs_FineDecisionSwissFederalCriminalCourt_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FineDecisionSwissFederalCriminalCourt_0" xlink:to="lbl_FineDecisionSwissFederalCriminalCourt_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FineDecisionSwissFederalCriminalCourt_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Fine Decision Swiss Federal Criminal Court</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FineDecisionSwissFederalCriminalCourt_0" xlink:to="lbl_FineDecisionSwissFederalCriminalCourt_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FineDecisionSwissFederalCriminalCourt_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fine decision Swiss Federal Criminal Court</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FineDecisionSwissFederalCriminalCourt_0" xlink:to="lbl_FineDecisionSwissFederalCriminalCourt_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FineDecisionSwissFederalCriminalCourt_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Fine decision Swiss Federal Criminal Court.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ClientAssetsSeizedDecisionSwissFederalCriminalCourt" xlink:label="loc_ubs_ClientAssetsSeizedDecisionSwissFederalCriminalCourt_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ClientAssetsSeizedDecisionSwissFederalCriminalCourt_0" xlink:to="lbl_ClientAssetsSeizedDecisionSwissFederalCriminalCourt_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ClientAssetsSeizedDecisionSwissFederalCriminalCourt_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Client Assets Seized Decision Swiss Federal Criminal Court</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ClientAssetsSeizedDecisionSwissFederalCriminalCourt_0" xlink:to="lbl_ClientAssetsSeizedDecisionSwissFederalCriminalCourt_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ClientAssetsSeizedDecisionSwissFederalCriminalCourt_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Client assets seized decision Swiss Federal Criminal Court</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ClientAssetsSeizedDecisionSwissFederalCriminalCourt_0" xlink:to="lbl_ClientAssetsSeizedDecisionSwissFederalCriminalCourt_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ClientAssetsSeizedDecisionSwissFederalCriminalCourt_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of client assets seized by the court.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CompensatoryClaimOrderedDecisionSwissFederalCriminalCourt" xlink:label="loc_ubs_CompensatoryClaimOrderedDecisionSwissFederalCriminalCourt_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CompensatoryClaimOrderedDecisionSwissFederalCriminalCourt_0" xlink:to="lbl_CompensatoryClaimOrderedDecisionSwissFederalCriminalCourt_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CompensatoryClaimOrderedDecisionSwissFederalCriminalCourt_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Compensatory Claim Ordered Decision Swiss Federal Criminal Court</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CompensatoryClaimOrderedDecisionSwissFederalCriminalCourt_0" xlink:to="lbl_CompensatoryClaimOrderedDecisionSwissFederalCriminalCourt_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CompensatoryClaimOrderedDecisionSwissFederalCriminalCourt_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Compensatory claim ordered decision Swiss Federal Criminal Court</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CompensatoryClaimOrderedDecisionSwissFederalCriminalCourt_0" xlink:to="lbl_CompensatoryClaimOrderedDecisionSwissFederalCriminalCourt_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CompensatoryClaimOrderedDecisionSwissFederalCriminalCourt_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of compensatory claim to be paid.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_MortgageRelatedMattersMember" xlink:label="loc_ubs_MortgageRelatedMattersMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MortgageRelatedMattersMember_0" xlink:to="lbl_MortgageRelatedMattersMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MortgageRelatedMattersMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Related Matters [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MortgageRelatedMattersMember_0" xlink:to="lbl_MortgageRelatedMattersMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MortgageRelatedMattersMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage-related matters</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MortgageRelatedMattersMember_0" xlink:to="lbl_MortgageRelatedMattersMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MortgageRelatedMattersMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member refers to mortgage-related matters.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_AssetBackedSecuritiesCorporationHomeEquityLoanTrustMember" xlink:label="loc_ubs_AssetBackedSecuritiesCorporationHomeEquityLoanTrustMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AssetBackedSecuritiesCorporationHomeEquityLoanTrustMember_0" xlink:to="lbl_AssetBackedSecuritiesCorporationHomeEquityLoanTrustMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AssetBackedSecuritiesCorporationHomeEquityLoanTrustMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Asset Backed Securities Corporation Home Equity Loan Trust [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AssetBackedSecuritiesCorporationHomeEquityLoanTrustMember_0" xlink:to="lbl_AssetBackedSecuritiesCorporationHomeEquityLoanTrustMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AssetBackedSecuritiesCorporationHomeEquityLoanTrustMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage-related matters | Action brought by Asset Backed Securities Corporation Home Equity Loan Trust, Series 2006-HE7</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_AssetBackedSecuritiesCorporationHomeEquityLoanTrustMember_0" xlink:to="lbl_AssetBackedSecuritiesCorporationHomeEquityLoanTrustMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_AssetBackedSecuritiesCorporationHomeEquityLoanTrustMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member refers to action brought by Asset Backed Securities Corporation Home Equity Loan Trust, Series 2006-HE7.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_HomeEquityAssetTrustSeries20068Member" xlink:label="loc_ubs_HomeEquityAssetTrustSeries20068Member_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_HomeEquityAssetTrustSeries20068Member_0" xlink:to="lbl_HomeEquityAssetTrustSeries20068Member_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_HomeEquityAssetTrustSeries20068Member_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Home Equity Asset Trust Series 2006 8 [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_HomeEquityAssetTrustSeries20068Member_0" xlink:to="lbl_HomeEquityAssetTrustSeries20068Member_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_HomeEquityAssetTrustSeries20068Member_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage-related matters | Action brought by Home Equity Asset Trust, Series 2006-8</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_HomeEquityAssetTrustSeries20068Member_0" xlink:to="lbl_HomeEquityAssetTrustSeries20068Member_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_HomeEquityAssetTrustSeries20068Member_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member refers to action brought by Home Equity Asset Trust, Series 2006-8.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_HomeEquityAssetTrust20072Member" xlink:label="loc_ubs_HomeEquityAssetTrust20072Member_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_HomeEquityAssetTrust20072Member_0" xlink:to="lbl_HomeEquityAssetTrust20072Member_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_HomeEquityAssetTrust20072Member_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Home Equity Asset Trust 2007 2 [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_HomeEquityAssetTrust20072Member_0" xlink:to="lbl_HomeEquityAssetTrust20072Member_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_HomeEquityAssetTrust20072Member_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage-related matters | Action brought by Home Equity Asset Trust 2007-2</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_HomeEquityAssetTrust20072Member_0" xlink:to="lbl_HomeEquityAssetTrust20072Member_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_HomeEquityAssetTrust20072Member_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member refers to action brought by Home Equity Asset Trust 2007-2.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CustomerAccountMattersMember" xlink:label="loc_ubs_CustomerAccountMattersMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CustomerAccountMattersMember_0" xlink:to="lbl_CustomerAccountMattersMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CustomerAccountMattersMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Customer Account Matters [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CustomerAccountMattersMember_0" xlink:to="lbl_CustomerAccountMattersMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CustomerAccountMattersMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Customer account matters</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CustomerAccountMattersMember_0" xlink:to="lbl_CustomerAccountMattersMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CustomerAccountMattersMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This members refers to customer account matters.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_FormerRelationshipManagerMember" xlink:label="loc_ubs_FormerRelationshipManagerMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FormerRelationshipManagerMember_0" xlink:to="lbl_FormerRelationshipManagerMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FormerRelationshipManagerMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Former Relationship Manager [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FormerRelationshipManagerMember_0" xlink:to="lbl_FormerRelationshipManagerMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FormerRelationshipManagerMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Customer account matters | Former relationship manager</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FormerRelationshipManagerMember_0" xlink:to="lbl_FormerRelationshipManagerMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FormerRelationshipManagerMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member refers to criminal judgement of a former Swiss relationship manager.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SingaporeCivilLawsuitsMember" xlink:label="loc_ubs_SingaporeCivilLawsuitsMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SingaporeCivilLawsuitsMember_0" xlink:to="lbl_SingaporeCivilLawsuitsMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SingaporeCivilLawsuitsMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Singapore Civil Lawsuits [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SingaporeCivilLawsuitsMember_0" xlink:to="lbl_SingaporeCivilLawsuitsMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SingaporeCivilLawsuitsMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Customer account matters | Singapore civil lawsuits</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SingaporeCivilLawsuitsMember_0" xlink:to="lbl_SingaporeCivilLawsuitsMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SingaporeCivilLawsuitsMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member refers to a civil lawsuit brought in Singapore.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_BulgarianFormerClientsMatterMember" xlink:label="loc_ubs_BulgarianFormerClientsMatterMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BulgarianFormerClientsMatterMember_0" xlink:to="lbl_BulgarianFormerClientsMatterMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BulgarianFormerClientsMatterMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Bulgarian Former Clients Matter [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BulgarianFormerClientsMatterMember_0" xlink:to="lbl_BulgarianFormerClientsMatterMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BulgarianFormerClientsMatterMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bulgarian former client matter</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BulgarianFormerClientsMatterMember_0" xlink:to="lbl_BulgarianFormerClientsMatterMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BulgarianFormerClientsMatterMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member refers to a historical relationship with former clients alleged to have laundered funds through Credit Suisse AG accounts.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfCreditLossExpenseRecoveryExplanatory" xlink:label="loc_ubs_DisclosureOfCreditLossExpenseRecoveryExplanatory_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfCreditLossExpenseRecoveryExplanatory_0" xlink:to="lbl_DisclosureOfCreditLossExpenseRecoveryExplanatory_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfCreditLossExpenseRecoveryExplanatory_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Credit Loss Expense Recovery Explanatory</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfCreditLossExpenseRecoveryExplanatory_0" xlink:to="lbl_DisclosureOfCreditLossExpenseRecoveryExplanatory_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfCreditLossExpenseRecoveryExplanatory_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit loss expense / (release)</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_InterestIncomeFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost" xlink:label="loc_ubs_InterestIncomeFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestIncomeFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_0" xlink:to="lbl_InterestIncomeFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestIncomeFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Interest Income From Securities Financing Transactions Measured At Amortized Cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestIncomeFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_0" xlink:to="lbl_InterestIncomeFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestIncomeFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest income from securities financing transactions measured at amortized cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InterestIncomeFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_0" xlink:to="lbl_InterestIncomeFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InterestIncomeFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of interest income on securities borrowed and reverse repurchase agreements and negative interest, including fees, on securities lent and repurchase agreements.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_Deferredincomeother" xlink:label="loc_ubs_Deferredincomeother_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_Deferredincomeother_0" xlink:to="lbl_Deferredincomeother_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Deferredincomeother_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Income Other</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_Deferredincomeother_0" xlink:to="lbl_Deferredincomeother_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Deferredincomeother_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_Deferredincomeother_0" xlink:to="lbl_Deferredincomeother_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_Deferredincomeother_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of liability representing income that has been received but is not yet earned.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SegmentNCLMember" xlink:label="loc_ubs_SegmentNCLMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentNCLMember_0" xlink:to="lbl_SegmentNCLMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentNCLMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Segment NCL [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentNCLMember_0" xlink:to="lbl_SegmentNCLMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentNCLMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-core and Legacy</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentNCLMember_0" xlink:to="lbl_SegmentNCLMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentNCLMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for the business division Non-core and Legacy.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentNCLMember_0" xlink:to="lbl_SegmentNCLMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentNCLMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Non-core and Legacy</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SegmentGIMember" xlink:label="loc_ubs_SegmentGIMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentGIMember_0" xlink:to="lbl_SegmentGIMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentGIMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Segment GI [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentGIMember_0" xlink:to="lbl_SegmentGIMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentGIMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Group Items</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentGIMember_0" xlink:to="lbl_SegmentGIMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentGIMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for Group Items.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SegmentGIMember_0" xlink:to="lbl_SegmentGIMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SegmentGIMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Group Items</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_GainsLossesFromAcquisitionsAndDisposalsOfSubsidiaries" xlink:label="loc_ubs_GainsLossesFromAcquisitionsAndDisposalsOfSubsidiaries_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesFromAcquisitionsAndDisposalsOfSubsidiaries_0" xlink:to="lbl_GainsLossesFromAcquisitionsAndDisposalsOfSubsidiaries_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesFromAcquisitionsAndDisposalsOfSubsidiaries_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Gains Losses From Acquisitions And Disposals Of Subsidiaries</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesFromAcquisitionsAndDisposalsOfSubsidiaries_0" xlink:to="lbl_GainsLossesFromAcquisitionsAndDisposalsOfSubsidiaries_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesFromAcquisitionsAndDisposalsOfSubsidiaries_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net gains / (losses) from acquisitions and disposals of subsidiaries</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesFromAcquisitionsAndDisposalsOfSubsidiaries_0" xlink:to="lbl_GainsLossesFromAcquisitionsAndDisposalsOfSubsidiaries_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesFromAcquisitionsAndDisposalsOfSubsidiaries_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of gains / (losses) from acquisitions and disposals of subsidiaries.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_GainsLossesFromDisposalsOfInvestmentsInAssociatesAndJointVentures" xlink:label="loc_ubs_GainsLossesFromDisposalsOfInvestmentsInAssociatesAndJointVentures_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesFromDisposalsOfInvestmentsInAssociatesAndJointVentures_0" xlink:to="lbl_GainsLossesFromDisposalsOfInvestmentsInAssociatesAndJointVentures_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesFromDisposalsOfInvestmentsInAssociatesAndJointVentures_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Gains Losses From Disposals Of Investments In Associates And Joint Ventures</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesFromDisposalsOfInvestmentsInAssociatesAndJointVentures_0" xlink:to="lbl_GainsLossesFromDisposalsOfInvestmentsInAssociatesAndJointVentures_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesFromDisposalsOfInvestmentsInAssociatesAndJointVentures_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net gains / (losses) from disposals of investments in associates and joint ventures</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesFromDisposalsOfInvestmentsInAssociatesAndJointVentures_0" xlink:to="lbl_GainsLossesFromDisposalsOfInvestmentsInAssociatesAndJointVentures_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesFromDisposalsOfInvestmentsInAssociatesAndJointVentures_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of gains / (losses) from disposal of investments in associates and joint ventures.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherEntitiesAbstract" xlink:label="loc_ubs_OtherEntitiesAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherEntitiesAbstract_0" xlink:to="lbl_OtherEntitiesAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherEntitiesAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Entities Abstract</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherEntitiesAbstract_0" xlink:to="lbl_OtherEntitiesAbstract_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherEntitiesAbstract_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Associates, joint ventures and subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherNetIncomeFromProperties" xlink:label="loc_ubs_OtherNetIncomeFromProperties_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNetIncomeFromProperties_0" xlink:to="lbl_OtherNetIncomeFromProperties_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNetIncomeFromProperties_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Net Income From Properties</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNetIncomeFromProperties_0" xlink:to="lbl_OtherNetIncomeFromProperties_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNetIncomeFromProperties_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income from properties</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherNetIncomeFromProperties_0" xlink:to="lbl_OtherNetIncomeFromProperties_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherNetIncomeFromProperties_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of net income generated from properties.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherIncomeOther" xlink:label="loc_ubs_OtherIncomeOther_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherIncomeOther_0" xlink:to="lbl_OtherIncomeOther_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherIncomeOther_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Income Other</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherIncomeOther_0" xlink:to="lbl_OtherIncomeOther_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherIncomeOther_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherIncomeOther_0" xlink:to="lbl_OtherIncomeOther_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherIncomeOther_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of other miscellaneous income.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_BondsIssuedSeniorFixedRateWithMaturityGreaterThanOneYear" xlink:label="loc_ubs_BondsIssuedSeniorFixedRateWithMaturityGreaterThanOneYear_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondsIssuedSeniorFixedRateWithMaturityGreaterThanOneYear_0" xlink:to="lbl_BondsIssuedSeniorFixedRateWithMaturityGreaterThanOneYear_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondsIssuedSeniorFixedRateWithMaturityGreaterThanOneYear_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Bonds Issued Senior Fixed Rate With Maturity Greater Than One Year</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondsIssuedSeniorFixedRateWithMaturityGreaterThanOneYear_0" xlink:to="lbl_BondsIssuedSeniorFixedRateWithMaturityGreaterThanOneYear_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondsIssuedSeniorFixedRateWithMaturityGreaterThanOneYear_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: issued by UBS AG standalone with original maturity greater than one year</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondsIssuedSeniorFixedRateWithMaturityGreaterThanOneYear_0" xlink:to="lbl_BondsIssuedSeniorFixedRateWithMaturityGreaterThanOneYear_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondsIssuedSeniorFixedRateWithMaturityGreaterThanOneYear_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of senior fixed-rate bonds issued by the entity, which have maturity greater than one year.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DebtSecuritiesUnsecuredPortion" xlink:label="loc_ubs_DebtSecuritiesUnsecuredPortion_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtSecuritiesUnsecuredPortion_0" xlink:to="lbl_DebtSecuritiesUnsecuredPortion_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtSecuritiesUnsecuredPortion_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities Unsecured Portion</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtSecuritiesUnsecuredPortion_0" xlink:to="lbl_DebtSecuritiesUnsecuredPortion_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtSecuritiesUnsecuredPortion_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unsecured portion of total debt issued measured at amortized cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtSecuritiesUnsecuredPortion_0" xlink:to="lbl_DebtSecuritiesUnsecuredPortion_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtSecuritiesUnsecuredPortion_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The percentage for unsecured portion of total debt issued measured at amortized cost balance, after excluding Covered bonds, Debt issued through the Swiss central mortgage institutions, and Other long-term debt.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_BondsIssuedCoveredSecuredPortion" xlink:label="loc_ubs_BondsIssuedCoveredSecuredPortion_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondsIssuedCoveredSecuredPortion_0" xlink:to="lbl_BondsIssuedCoveredSecuredPortion_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondsIssuedCoveredSecuredPortion_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Bonds Issued Covered Secured Portion</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondsIssuedCoveredSecuredPortion_0" xlink:to="lbl_BondsIssuedCoveredSecuredPortion_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondsIssuedCoveredSecuredPortion_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Secured portion of Covered bonds</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_BondsIssuedCoveredSecuredPortion_0" xlink:to="lbl_BondsIssuedCoveredSecuredPortion_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_BondsIssuedCoveredSecuredPortion_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The percentage for secured portion of Covered bonds.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_LongTermDebtIssuedThroughCentralBondInstitutionsSwissSecuredPortion" xlink:label="loc_ubs_LongTermDebtIssuedThroughCentralBondInstitutionsSwissSecuredPortion_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LongTermDebtIssuedThroughCentralBondInstitutionsSwissSecuredPortion_0" xlink:to="lbl_LongTermDebtIssuedThroughCentralBondInstitutionsSwissSecuredPortion_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LongTermDebtIssuedThroughCentralBondInstitutionsSwissSecuredPortion_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Long Term Debt Issued Through Central Bond Institutions Swiss Secured Portion</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LongTermDebtIssuedThroughCentralBondInstitutionsSwissSecuredPortion_0" xlink:to="lbl_LongTermDebtIssuedThroughCentralBondInstitutionsSwissSecuredPortion_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LongTermDebtIssuedThroughCentralBondInstitutionsSwissSecuredPortion_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The percentage for secured portion of Debt issued through the Swiss central mortgage institutions.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_LongTermDebtIssuedThroughCentralBondInstitutionsSwissSecuredPortion_0" xlink:to="lbl_LongTermDebtIssuedThroughCentralBondInstitutionsSwissSecuredPortion_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_LongTermDebtIssuedThroughCentralBondInstitutionsSwissSecuredPortion_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Secured portion of Debt issued through the Swiss central mortgage institutions</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherLongTermDebtIssuedSecuredPortion" xlink:label="loc_ubs_OtherLongTermDebtIssuedSecuredPortion_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherLongTermDebtIssuedSecuredPortion_0" xlink:to="lbl_OtherLongTermDebtIssuedSecuredPortion_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherLongTermDebtIssuedSecuredPortion_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Long Term Debt Issued Secured Portion</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherLongTermDebtIssuedSecuredPortion_0" xlink:to="lbl_OtherLongTermDebtIssuedSecuredPortion_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherLongTermDebtIssuedSecuredPortion_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The percentage for secured portion of Other long-term debt.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherLongTermDebtIssuedSecuredPortion_0" xlink:to="lbl_OtherLongTermDebtIssuedSecuredPortion_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherLongTermDebtIssuedSecuredPortion_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Secured portion of Other long-term debt</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CreditCorrelationMeasurementInputMember" xlink:label="loc_ubs_CreditCorrelationMeasurementInputMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditCorrelationMeasurementInputMember_0" xlink:to="lbl_CreditCorrelationMeasurementInputMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditCorrelationMeasurementInputMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Credit Correlation Measurement Input [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditCorrelationMeasurementInputMember_0" xlink:to="lbl_CreditCorrelationMeasurementInputMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditCorrelationMeasurementInputMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit correlation</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditCorrelationMeasurementInputMember_0" xlink:to="lbl_CreditCorrelationMeasurementInputMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditCorrelationMeasurementInputMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for credit correlation used as a measurement input.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CreditVolatilityMeasurementInputMember" xlink:label="loc_ubs_CreditVolatilityMeasurementInputMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditVolatilityMeasurementInputMember_0" xlink:to="lbl_CreditVolatilityMeasurementInputMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditVolatilityMeasurementInputMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Credit Volatility Measurement Input [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditVolatilityMeasurementInputMember_0" xlink:to="lbl_CreditVolatilityMeasurementInputMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditVolatilityMeasurementInputMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit volatility</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditVolatilityMeasurementInputMember_0" xlink:to="lbl_CreditVolatilityMeasurementInputMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditVolatilityMeasurementInputMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for credit volatility used as a measurement input.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ProvisionsForAcquireeLoanCommitments" xlink:label="loc_ubs_ProvisionsForAcquireeLoanCommitments_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProvisionsForAcquireeLoanCommitments_0" xlink:to="lbl_ProvisionsForAcquireeLoanCommitments_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProvisionsForAcquireeLoanCommitments_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Provisions For Acquiree Loan Commitments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProvisionsForAcquireeLoanCommitments_0" xlink:to="lbl_ProvisionsForAcquireeLoanCommitments_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProvisionsForAcquireeLoanCommitments_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of provisions related to acquiree loan commitments.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProvisionsForAcquireeLoanCommitments_0" xlink:to="lbl_ProvisionsForAcquireeLoanCommitments_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProvisionsForAcquireeLoanCommitments_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Provisions related to Credit Suisse loan commitments (IFRS 3, Business Combinations)</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ProvisionsOtherMiscellaneous" xlink:label="loc_ubs_ProvisionsOtherMiscellaneous_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProvisionsOtherMiscellaneous_0" xlink:to="lbl_ProvisionsOtherMiscellaneous_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProvisionsOtherMiscellaneous_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Provisions Other Miscellaneous</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProvisionsOtherMiscellaneous_0" xlink:to="lbl_ProvisionsOtherMiscellaneous_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProvisionsOtherMiscellaneous_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other provisions</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProvisionsOtherMiscellaneous_0" xlink:to="lbl_ProvisionsOtherMiscellaneous_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProvisionsOtherMiscellaneous_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of provisions other than provisions for expected credit losses, provisions related to loan commitments and provisions related to litigation, regulatory and similar matters,</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProvisionsOtherMiscellaneous_0" xlink:to="lbl_ProvisionsOtherMiscellaneous_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProvisionsOtherMiscellaneous_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Restructuring, real-estate and other provisions (IAS 37, Provisions, Contingent Liabilities and Contingent Assets)</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_RealEstateProvisionMember" xlink:label="loc_ubs_RealEstateProvisionMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RealEstateProvisionMember_0" xlink:to="lbl_RealEstateProvisionMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RealEstateProvisionMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Provision [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RealEstateProvisionMember_0" xlink:to="lbl_RealEstateProvisionMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RealEstateProvisionMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real estate</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RealEstateProvisionMember_0" xlink:to="lbl_RealEstateProvisionMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RealEstateProvisionMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for a provision for real estate.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_RealEstateRelatedOnerousContractsRestructuringProvision" xlink:label="loc_ubs_RealEstateRelatedOnerousContractsRestructuringProvision_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RealEstateRelatedOnerousContractsRestructuringProvision_0" xlink:to="lbl_RealEstateRelatedOnerousContractsRestructuringProvision_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RealEstateRelatedOnerousContractsRestructuringProvision_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Related Onerous Contracts Restructuring Provision</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RealEstateRelatedOnerousContractsRestructuringProvision_0" xlink:to="lbl_RealEstateRelatedOnerousContractsRestructuringProvision_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RealEstateRelatedOnerousContractsRestructuringProvision_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Provisions for onerous contracts related to real estate</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RealEstateRelatedOnerousContractsRestructuringProvision_0" xlink:to="lbl_RealEstateRelatedOnerousContractsRestructuringProvision_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RealEstateRelatedOnerousContractsRestructuringProvision_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of provisions for real estate related onerous restructuring contracts. An onerous contract is a contract in which the unavoidable costs of meeting the obligation under the contract exceed the economic benefits expected to be received under it.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherIncomeTablesLineItems" xlink:label="loc_ubs_OtherIncomeTablesLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherIncomeTablesLineItems_0" xlink:to="lbl_OtherIncomeTablesLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherIncomeTablesLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Income Tables [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherIncomeTablesLineItems_0" xlink:to="lbl_OtherIncomeTablesLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherIncomeTablesLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherIncomeTablesLineItems_0" xlink:to="lbl_OtherIncomeTablesLineItems_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherIncomeTablesLineItems_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfOtherOperatingIncomeTablesExplanatory" xlink:label="loc_ubs_DisclosureOfOtherOperatingIncomeTablesExplanatory_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfOtherOperatingIncomeTablesExplanatory_0" xlink:to="lbl_DisclosureOfOtherOperatingIncomeTablesExplanatory_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfOtherOperatingIncomeTablesExplanatory_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Other Operating Income Tables Explanatory</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfOtherOperatingIncomeTablesExplanatory_0" xlink:to="lbl_DisclosureOfOtherOperatingIncomeTablesExplanatory_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfOtherOperatingIncomeTablesExplanatory_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The disclosure of other operating income in table format.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfOtherOperatingIncomeTablesExplanatory_0" xlink:to="lbl_DisclosureOfOtherOperatingIncomeTablesExplanatory_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfOtherOperatingIncomeTablesExplanatory_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other income</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_RatesLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss" xlink:label="loc_ubs_RatesLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RatesLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_RatesLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RatesLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Rates Linked Issued Debt Instruments Designated At Fair Value Through Profit Or Loss</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RatesLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_RatesLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RatesLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Rates-linked</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RatesLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_RatesLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RatesLinkedIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of rates-linked debt instruments that have been issued and are designated at fair value.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_FixedRateIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss" xlink:label="loc_ubs_FixedRateIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FixedRateIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_FixedRateIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FixedRateIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Fixed Rate Issued Debt Instruments Designated At Fair Value Through Profit Or Loss</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FixedRateIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_FixedRateIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FixedRateIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fixed-rate</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_FixedRateIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_0" xlink:to="lbl_FixedRateIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_FixedRateIssuedDebtInstrumentsDesignatedAtFairValueThroughProfitOrLoss_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of fixed-rate debt instruments that have been issued and are designated at fair value.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_InflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost" xlink:label="loc_ubs_InflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_0" xlink:to="lbl_InflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Inflows Of Cash From Securities Financing Transactions Measured At Amortized Cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_0" xlink:to="lbl_InflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Inflows from securities financing transactions measured at amortized cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_InflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_0" xlink:to="lbl_InflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_InflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Reflects cash inflows from securities financing transactions measured at amortized cost that use entity's debt instruments as the underlying.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OutflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost" xlink:label="loc_ubs_OutflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OutflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_0" xlink:to="lbl_OutflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OutflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Outflows Of Cash From Securities Financing Transactions Measured At Amortized Cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OutflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_0" xlink:to="lbl_OutflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OutflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Outflows from securities financing transactions measured at amortized cost</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OutflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_0" xlink:to="lbl_OutflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OutflowsOfCashFromSecuritiesFinancingTransactionsMeasuredAtAmortizedCost_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Reflects cash outflows from securities financing transactions measured at amortized cost that use entity's debt instruments as the underlying.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfDerivativeFinancialInstrumentsLineItems" xlink:label="loc_ubs_DisclosureOfDerivativeFinancialInstrumentsLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfDerivativeFinancialInstrumentsLineItems_0" xlink:to="lbl_DisclosureOfDerivativeFinancialInstrumentsLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfDerivativeFinancialInstrumentsLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Derivative Financial Instruments [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfDerivativeFinancialInstrumentsLineItems_0" xlink:to="lbl_DisclosureOfDerivativeFinancialInstrumentsLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfDerivativeFinancialInstrumentsLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfDerivativeFinancialInstrumentsLineItems_0" xlink:to="lbl_DisclosureOfDerivativeFinancialInstrumentsLineItems_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfDerivativeFinancialInstrumentsLineItems_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative instruments</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherConsolidatedEntitiesMember" xlink:label="loc_ubs_OtherConsolidatedEntitiesMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherConsolidatedEntitiesMember_0" xlink:to="lbl_OtherConsolidatedEntitiesMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherConsolidatedEntitiesMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Consolidated Entities [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherConsolidatedEntitiesMember_0" xlink:to="lbl_OtherConsolidatedEntitiesMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherConsolidatedEntitiesMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">UBS</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherConsolidatedEntitiesMember_0" xlink:to="lbl_OtherConsolidatedEntitiesMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherConsolidatedEntitiesMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for entity or group of entities consolidated into reporting entity, excluding Credit Suisse.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_EstimatedLossesNotCoveredByExistingProvisions" xlink:label="loc_ubs_EstimatedLossesNotCoveredByExistingProvisions_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EstimatedLossesNotCoveredByExistingProvisions_0" xlink:to="lbl_EstimatedLossesNotCoveredByExistingProvisions_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EstimatedLossesNotCoveredByExistingProvisions_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Estimated Losses Not Covered By Existing Provisions</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EstimatedLossesNotCoveredByExistingProvisions_0" xlink:to="lbl_EstimatedLossesNotCoveredByExistingProvisions_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EstimatedLossesNotCoveredByExistingProvisions_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Estimated losses not covered by existing provisions</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_EstimatedLossesNotCoveredByExistingProvisions_0" xlink:to="lbl_EstimatedLossesNotCoveredByExistingProvisions_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_EstimatedLossesNotCoveredByExistingProvisions_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of estimated losses not covered by existing provisions.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SignificantInvestmentsInJointVenturesAxis" xlink:label="loc_ubs_SignificantInvestmentsInJointVenturesAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SignificantInvestmentsInJointVenturesAxis_0" xlink:to="lbl_SignificantInvestmentsInJointVenturesAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SignificantInvestmentsInJointVenturesAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Significant Investments In Joint Ventures [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SwisscardMember" xlink:label="loc_ubs_SwisscardMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SwisscardMember_0" xlink:to="lbl_SwisscardMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SwisscardMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Swisscard [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SwisscardMember_0" xlink:to="lbl_SwisscardMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SwisscardMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member refers to Swisscard.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SwisscardMember_0" xlink:to="lbl_SwisscardMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SwisscardMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Swisscard</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SwisscardMember_0" xlink:to="lbl_SwisscardMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SwisscardMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: Swisscard AECS GmbH, Horgen</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYear" xlink:label="loc_ubs_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYear_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYear_0" xlink:to="lbl_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYear_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYear_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instruments Designated At Fair Value Through Profit Or Loss With Maturity Greater Than One Year</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYear_0" xlink:to="lbl_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYear_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYear_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of all types of debt instruments that have been issued and are designated at fair value, with original maturity greater than one year.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYear_0" xlink:to="lbl_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYear_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYear_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">of which: issued with original maturity greater than one year</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_IssuerAxis" xlink:label="loc_ubs_IssuerAxis_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IssuerAxis_0" xlink:to="lbl_IssuerAxis_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IssuerAxis_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Issuer [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_IssuerDomain" xlink:label="loc_ubs_IssuerDomain_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_IssuerDomain_0" xlink:to="lbl_IssuerDomain_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_IssuerDomain_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Issuer [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_UBSAGStandaloneMember" xlink:label="loc_ubs_UBSAGStandaloneMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_UBSAGStandaloneMember_0" xlink:to="lbl_UBSAGStandaloneMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UBSAGStandaloneMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">UBS AG Standalone [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_UBSAGStandaloneMember_0" xlink:to="lbl_UBSAGStandaloneMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UBSAGStandaloneMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member refers to UBS AG standalone</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_UBSAGStandaloneMember_0" xlink:to="lbl_UBSAGStandaloneMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_UBSAGStandaloneMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">UBS AG standalone</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CreditSuisseInternationalStandaloneMember" xlink:label="loc_ubs_CreditSuisseInternationalStandaloneMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditSuisseInternationalStandaloneMember_0" xlink:to="lbl_CreditSuisseInternationalStandaloneMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditSuisseInternationalStandaloneMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Credit Suisse International Standalone [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditSuisseInternationalStandaloneMember_0" xlink:to="lbl_CreditSuisseInternationalStandaloneMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditSuisseInternationalStandaloneMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member refers to Credit Suisse International standalone</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CreditSuisseInternationalStandaloneMember_0" xlink:to="lbl_CreditSuisseInternationalStandaloneMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CreditSuisseInternationalStandaloneMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit Suisse International standalone</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYearUnsecuredPortion" xlink:label="loc_ubs_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYearUnsecuredPortion_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYearUnsecuredPortion_0" xlink:to="lbl_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYearUnsecuredPortion_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYearUnsecuredPortion_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instruments Designated At Fair Value Through Profit Or Loss With Maturity Greater Than One Year Unsecured Portion</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYearUnsecuredPortion_0" xlink:to="lbl_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYearUnsecuredPortion_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYearUnsecuredPortion_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unsecured portion of issued debt instruments with original maturity greater than one year</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYearUnsecuredPortion_0" xlink:to="lbl_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYearUnsecuredPortion_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtInstrumentsDesignatedAtFairValueThroughProfitOrLossWithMaturityGreaterThanOneYearUnsecuredPortion_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The percentage of unsecured debt instruments that have been issued and are designated at fair value, with original maturity greater than one year.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToConversionIntoOrdinaryShares" xlink:label="loc_ubs_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToConversionIntoOrdinaryShares_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToConversionIntoOrdinaryShares_0" xlink:to="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToConversionIntoOrdinaryShares_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToConversionIntoOrdinaryShares_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Subordinated Liabilities High Trigger Loss Absorbing Tier One Subject To Conversion Into Ordinary Shares</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToConversionIntoOrdinaryShares_0" xlink:to="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToConversionIntoOrdinaryShares_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToConversionIntoOrdinaryShares_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of liabilities from high-trigger loss-absorbing additional tier 1 capital instruments that are subordinate to other liabilities with respect to claims, subject to conversion into ordinary shares.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToConversionIntoOrdinaryShares_0" xlink:to="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToConversionIntoOrdinaryShares_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToConversionIntoOrdinaryShares_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Contingent capital instruments that are subject to equity conversion upon the occurrence of a contractual trigger event or a contractual viability event</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_TechnologyRelatedOnerousContractsRestructuringProvision" xlink:label="loc_ubs_TechnologyRelatedOnerousContractsRestructuringProvision_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_TechnologyRelatedOnerousContractsRestructuringProvision_0" xlink:to="lbl_TechnologyRelatedOnerousContractsRestructuringProvision_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_TechnologyRelatedOnerousContractsRestructuringProvision_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Technology Related Onerous Contracts Restructuring Provision</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_TechnologyRelatedOnerousContractsRestructuringProvision_0" xlink:to="lbl_TechnologyRelatedOnerousContractsRestructuringProvision_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_TechnologyRelatedOnerousContractsRestructuringProvision_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Provisions for onerous contracts related to technology</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_TechnologyRelatedOnerousContractsRestructuringProvision_0" xlink:to="lbl_TechnologyRelatedOnerousContractsRestructuringProvision_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_TechnologyRelatedOnerousContractsRestructuringProvision_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of provisions for technology related onerous restructuring contracts. An onerous contract is a contract in which the unavoidable costs of meeting the obligation under the contract exceed the economic benefits expected to be received under it.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SelectPortfolioServicingMember" xlink:label="loc_ubs_SelectPortfolioServicingMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SelectPortfolioServicingMember_0" xlink:to="lbl_SelectPortfolioServicingMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SelectPortfolioServicingMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Select Portfolio Servicing [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SelectPortfolioServicingMember_0" xlink:to="lbl_SelectPortfolioServicingMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SelectPortfolioServicingMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Select Portfolio Servicing</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SelectPortfolioServicingMember_0" xlink:to="lbl_SelectPortfolioServicingMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SelectPortfolioServicingMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member refers to Select Portfolio Servicing.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_GainsLossesOnRepurchaseOfEntitysOwnDebtInstruments" xlink:label="loc_ubs_GainsLossesOnRepurchaseOfEntitysOwnDebtInstruments_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesOnRepurchaseOfEntitysOwnDebtInstruments_0" xlink:to="lbl_GainsLossesOnRepurchaseOfEntitysOwnDebtInstruments_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesOnRepurchaseOfEntitysOwnDebtInstruments_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Gains Losses On Repurchase Of Entitys Own Debt Instruments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesOnRepurchaseOfEntitysOwnDebtInstruments_0" xlink:to="lbl_GainsLossesOnRepurchaseOfEntitysOwnDebtInstruments_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesOnRepurchaseOfEntitysOwnDebtInstruments_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The gains (losses) on the repurchase of entity's own debt instruments.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesOnRepurchaseOfEntitysOwnDebtInstruments_0" xlink:to="lbl_GainsLossesOnRepurchaseOfEntitysOwnDebtInstruments_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesOnRepurchaseOfEntitysOwnDebtInstruments_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gains losses on repurchase of entity's own debt instruments</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_RevisedDamageAwardSingaporeInternationalCommercialCourt" xlink:label="loc_ubs_RevisedDamageAwardSingaporeInternationalCommercialCourt_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RevisedDamageAwardSingaporeInternationalCommercialCourt_0" xlink:to="lbl_RevisedDamageAwardSingaporeInternationalCommercialCourt_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RevisedDamageAwardSingaporeInternationalCommercialCourt_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Revised Damage Award Singapore International Commercial Court</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RevisedDamageAwardSingaporeInternationalCommercialCourt_0" xlink:to="lbl_RevisedDamageAwardSingaporeInternationalCommercialCourt_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RevisedDamageAwardSingaporeInternationalCommercialCourt_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revised damage award Singapore International Commercial Court</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_RevisedDamageAwardSingaporeInternationalCommercialCourt_0" xlink:to="lbl_RevisedDamageAwardSingaporeInternationalCommercialCourt_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_RevisedDamageAwardSingaporeInternationalCommercialCourt_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Revised damages award announced in the verdict of the Singapore International Commercial Court.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_NoninterestIncome" xlink:label="loc_ubs_NoninterestIncome_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NoninterestIncome_0" xlink:to="lbl_NoninterestIncome_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NoninterestIncome_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Noninterest Income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NoninterestIncome_0" xlink:to="lbl_NoninterestIncome_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NoninterestIncome_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Non-interest income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NoninterestIncome_0" xlink:to="lbl_NoninterestIncome_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NoninterestIncome_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_PurchaseOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities" xlink:label="loc_ubs_PurchaseOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PurchaseOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_0" xlink:to="lbl_PurchaseOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PurchaseOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Purchase Of Financial Assets Measured At Fair Value Classified As Investing Activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PurchaseOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_0" xlink:to="lbl_PurchaseOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PurchaseOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchase of financial assets measured at fair value</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PurchaseOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_0" xlink:to="lbl_PurchaseOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PurchaseOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The cash outflow for the purchase of financial assets measured at fair value through other comprehensive income and financial assets measured at fair value through profit or loss, classified as investing activities.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ProceedsFromSalesOrMaturityOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities" xlink:label="loc_ubs_ProceedsFromSalesOrMaturityOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProceedsFromSalesOrMaturityOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_0" xlink:to="lbl_ProceedsFromSalesOrMaturityOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProceedsFromSalesOrMaturityOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Sales Or Maturity Of Financial Assets Measured At Fair Value Classified As Investing Activities</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProceedsFromSalesOrMaturityOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_0" xlink:to="lbl_ProceedsFromSalesOrMaturityOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProceedsFromSalesOrMaturityOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Disposal and redemption of financial assets measured at fair value</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ProceedsFromSalesOrMaturityOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_0" xlink:to="lbl_ProceedsFromSalesOrMaturityOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ProceedsFromSalesOrMaturityOfFinancialAssetsMeasuredAtFairValueClassifiedAsInvestingActivities_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The cash inflow from sales or maturity of financial assets measured at fair value through other comprehensive income and financial assets measured at fair value through profit or loss, classified as investing activities.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_PortfolioManagementInvestmentFundAndOtherManagementFees" xlink:label="loc_ubs_PortfolioManagementInvestmentFundAndOtherManagementFees_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PortfolioManagementInvestmentFundAndOtherManagementFees_0" xlink:to="lbl_PortfolioManagementInvestmentFundAndOtherManagementFees_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PortfolioManagementInvestmentFundAndOtherManagementFees_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Portfolio Management Investment Fund And Other Management Fees</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PortfolioManagementInvestmentFundAndOtherManagementFees_0" xlink:to="lbl_PortfolioManagementInvestmentFundAndOtherManagementFees_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PortfolioManagementInvestmentFundAndOtherManagementFees_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Portfolio management, investment fund and related services fees</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PortfolioManagementInvestmentFundAndOtherManagementFees_0" xlink:to="lbl_PortfolioManagementInvestmentFundAndOtherManagementFees_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PortfolioManagementInvestmentFundAndOtherManagementFees_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of income recognised from portfolio management, investment fund and other management fees.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OtherFeeAndCommissionIncomeAccretionOfPPAAdjustments" xlink:label="loc_ubs_OtherFeeAndCommissionIncomeAccretionOfPPAAdjustments_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFeeAndCommissionIncomeAccretionOfPPAAdjustments_0" xlink:to="lbl_OtherFeeAndCommissionIncomeAccretionOfPPAAdjustments_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFeeAndCommissionIncomeAccretionOfPPAAdjustments_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Other Fee And Commission Income Accretion Of PPA Adjustments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFeeAndCommissionIncomeAccretionOfPPAAdjustments_0" xlink:to="lbl_OtherFeeAndCommissionIncomeAccretionOfPPAAdjustments_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFeeAndCommissionIncomeAccretionOfPPAAdjustments_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accretion of purchase price allocation (PPA) adjustments included in Other</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OtherFeeAndCommissionIncomeAccretionOfPPAAdjustments_0" xlink:to="lbl_OtherFeeAndCommissionIncomeAccretionOfPPAAdjustments_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OtherFeeAndCommissionIncomeAccretionOfPPAAdjustments_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of accretion of purchase price allocation (PPA) adjustments included in other fee and commission income.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_ModerateStagflationCrisisScenarioMember" xlink:label="loc_ubs_ModerateStagflationCrisisScenarioMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ModerateStagflationCrisisScenarioMember_0" xlink:to="lbl_ModerateStagflationCrisisScenarioMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ModerateStagflationCrisisScenarioMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Moderate Stagflation Crisis Scenario [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ModerateStagflationCrisisScenarioMember_0" xlink:to="lbl_ModerateStagflationCrisisScenarioMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ModerateStagflationCrisisScenarioMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Moderate stagflation crisis</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_ModerateStagflationCrisisScenarioMember_0" xlink:to="lbl_ModerateStagflationCrisisScenarioMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_ModerateStagflationCrisisScenarioMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for moderate stagflation crisis economic scenario used in the calculation of expected credit losses.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_GlobalTradeWarScenarioMember" xlink:label="loc_ubs_GlobalTradeWarScenarioMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GlobalTradeWarScenarioMember_0" xlink:to="lbl_GlobalTradeWarScenarioMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GlobalTradeWarScenarioMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Global Trade War Scenario [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GlobalTradeWarScenarioMember_0" xlink:to="lbl_GlobalTradeWarScenarioMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GlobalTradeWarScenarioMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Global trade war</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GlobalTradeWarScenarioMember_0" xlink:to="lbl_GlobalTradeWarScenarioMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GlobalTradeWarScenarioMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for global trade war economic scenario used in the calculation of expected credit losses.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_MildStagflationCrisisScenarioMember" xlink:label="loc_ubs_MildStagflationCrisisScenarioMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MildStagflationCrisisScenarioMember_0" xlink:to="lbl_MildStagflationCrisisScenarioMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MildStagflationCrisisScenarioMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Mild Stagflation Crisis Scenario [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MildStagflationCrisisScenarioMember_0" xlink:to="lbl_MildStagflationCrisisScenarioMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MildStagflationCrisisScenarioMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mild stagflation crisis</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_MildStagflationCrisisScenarioMember_0" xlink:to="lbl_MildStagflationCrisisScenarioMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_MildStagflationCrisisScenarioMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for mild stagflation crisis economic scenario used in the calculation of expected credit losses.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_GlobalCrisisScenarioMember" xlink:label="loc_ubs_GlobalCrisisScenarioMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GlobalCrisisScenarioMember_0" xlink:to="lbl_GlobalCrisisScenarioMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GlobalCrisisScenarioMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Global Crisis Scenario [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GlobalCrisisScenarioMember_0" xlink:to="lbl_GlobalCrisisScenarioMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GlobalCrisisScenarioMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Global crisis</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GlobalCrisisScenarioMember_0" xlink:to="lbl_GlobalCrisisScenarioMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GlobalCrisisScenarioMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for global crisis economic scenario used in the calculation of expected credit losses.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DebtSecuritiesAndOtherFinancialLiabilitiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember" xlink:label="loc_ubs_DebtSecuritiesAndOtherFinancialLiabilitiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtSecuritiesAndOtherFinancialLiabilitiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_0" xlink:to="lbl_DebtSecuritiesAndOtherFinancialLiabilitiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtSecuritiesAndOtherFinancialLiabilitiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Debt Securities And Other Financial Liabilities Issued At Fair Value Through Profit Or Loss Designated As Upon Initial Recognition [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtSecuritiesAndOtherFinancialLiabilitiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_0" xlink:to="lbl_DebtSecuritiesAndOtherFinancialLiabilitiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtSecuritiesAndOtherFinancialLiabilitiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt issued designated at fair value and Other financial liabilities designated at fair value</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtSecuritiesAndOtherFinancialLiabilitiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_0" xlink:to="lbl_DebtSecuritiesAndOtherFinancialLiabilitiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtSecuritiesAndOtherFinancialLiabilitiesIssuedAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognitionMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for debt issued and other financial liabilities designated at fair value.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_NotionalAmountOfDerivativeInstruments" xlink:label="loc_ubs_NotionalAmountOfDerivativeInstruments_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NotionalAmountOfDerivativeInstruments_0" xlink:to="lbl_NotionalAmountOfDerivativeInstruments_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NotionalAmountOfDerivativeInstruments_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Notional Amount Of Derivative Instruments</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NotionalAmountOfDerivativeInstruments_0" xlink:to="lbl_NotionalAmountOfDerivativeInstruments_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NotionalAmountOfDerivativeInstruments_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Notional amounts</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_NotionalAmountOfDerivativeInstruments_0" xlink:to="lbl_NotionalAmountOfDerivativeInstruments_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_NotionalAmountOfDerivativeInstruments_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The nominal or face amount of derivative instruments, used to calculate payments made on that instrument.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToWriteDownOfPrincipalAmounts" xlink:label="loc_ubs_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToWriteDownOfPrincipalAmounts_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToWriteDownOfPrincipalAmounts_0" xlink:to="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToWriteDownOfPrincipalAmounts_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToWriteDownOfPrincipalAmounts_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Subordinated Liabilities High Trigger Loss Absorbing Tier One Subject To Write Down Of Principal Amounts</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToWriteDownOfPrincipalAmounts_0" xlink:to="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToWriteDownOfPrincipalAmounts_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToWriteDownOfPrincipalAmounts_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Contingent capital instruments that are subject to write-down upon the occurrence of a contractual trigger event or a contractual viability event</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToWriteDownOfPrincipalAmounts_0" xlink:to="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToWriteDownOfPrincipalAmounts_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_SubordinatedLiabilitiesHighTriggerLossAbsorbingTierOneSubjectToWriteDownOfPrincipalAmounts_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of liabilities from high-trigger loss-absorbing additional tier 1 capital instruments that are subordinate to other liabilities with respect to claims, subject to write down of principal amounts.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_GainsLossesRecognisedInComprehensiveIncomeFairValueMeasurement" xlink:label="loc_ubs_GainsLossesRecognisedInComprehensiveIncomeFairValueMeasurement_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesRecognisedInComprehensiveIncomeFairValueMeasurement_0" xlink:to="lbl_GainsLossesRecognisedInComprehensiveIncomeFairValueMeasurement_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesRecognisedInComprehensiveIncomeFairValueMeasurement_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Gains Losses Recognised In Comprehensive Income Fair Value Measurement</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesRecognisedInComprehensiveIncomeFairValueMeasurement_0" xlink:to="lbl_GainsLossesRecognisedInComprehensiveIncomeFairValueMeasurement_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesRecognisedInComprehensiveIncomeFairValueMeasurement_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net gains / losses that is included in comprehensive income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesRecognisedInComprehensiveIncomeFairValueMeasurement_0" xlink:to="lbl_GainsLossesRecognisedInComprehensiveIncomeFairValueMeasurement_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesRecognisedInComprehensiveIncomeFairValueMeasurement_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The gains (losses) recognised in comprehensive income.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_GainsLossesRecognisedInIncomeStatementFairValueMeasurement" xlink:label="loc_ubs_GainsLossesRecognisedInIncomeStatementFairValueMeasurement_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesRecognisedInIncomeStatementFairValueMeasurement_0" xlink:to="lbl_GainsLossesRecognisedInIncomeStatementFairValueMeasurement_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesRecognisedInIncomeStatementFairValueMeasurement_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Gains Losses Recognised In Income Statement Fair Value Measurement</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesRecognisedInIncomeStatementFairValueMeasurement_0" xlink:to="lbl_GainsLossesRecognisedInIncomeStatementFairValueMeasurement_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesRecognisedInIncomeStatementFairValueMeasurement_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net gains / losses recognized in the Income statement</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesRecognisedInIncomeStatementFairValueMeasurement_0" xlink:to="lbl_GainsLossesRecognisedInIncomeStatementFairValueMeasurement_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesRecognisedInIncomeStatementFairValueMeasurement_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The gains (losses) recognised in the Income statement under Net interest income and Other net income from financial instruments measured at fair value through profit or loss.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurement" xlink:label="loc_ubs_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurement_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurement_0" xlink:to="lbl_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurement_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurement_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Gains Losses Recognised In Other Comprehensive Income Fair Value Measurement</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurement_0" xlink:to="lbl_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurement_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurement_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net gains / losses recognized in the Statement of comprehensive income</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurement_0" xlink:to="lbl_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurement_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurement_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The gains (losses) recognised in the Statement of comprehensive income in Gains / (losses) from own credit on financial liabilities designated at fair value, before tax.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_PostmodelCreditLossExpenseAdjustmentMember" xlink:label="loc_ubs_PostmodelCreditLossExpenseAdjustmentMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PostmodelCreditLossExpenseAdjustmentMember_0" xlink:to="lbl_PostmodelCreditLossExpenseAdjustmentMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PostmodelCreditLossExpenseAdjustmentMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Postmodel Credit Loss Expense Adjustment [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PostmodelCreditLossExpenseAdjustmentMember_0" xlink:to="lbl_PostmodelCreditLossExpenseAdjustmentMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PostmodelCreditLossExpenseAdjustmentMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Post-model adjustment</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_PostmodelCreditLossExpenseAdjustmentMember_0" xlink:to="lbl_PostmodelCreditLossExpenseAdjustmentMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_PostmodelCreditLossExpenseAdjustmentMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for expected credit losses post-model adjustment.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_CorporateLoansExposureRepaymentMember" xlink:label="loc_ubs_CorporateLoansExposureRepaymentMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CorporateLoansExposureRepaymentMember_0" xlink:to="lbl_CorporateLoansExposureRepaymentMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CorporateLoansExposureRepaymentMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Corporate Loans Exposure Repayment [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CorporateLoansExposureRepaymentMember_0" xlink:to="lbl_CorporateLoansExposureRepaymentMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CorporateLoansExposureRepaymentMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Repayment of a corporate lending exposure</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_CorporateLoansExposureRepaymentMember_0" xlink:to="lbl_CorporateLoansExposureRepaymentMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_CorporateLoansExposureRepaymentMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member stands for the repayment of a corporate lending exposure.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfChangesInAccountingPoliciesAbstract" xlink:label="loc_ubs_DisclosureOfChangesInAccountingPoliciesAbstract_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfChangesInAccountingPoliciesAbstract_0" xlink:to="lbl_DisclosureOfChangesInAccountingPoliciesAbstract_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfChangesInAccountingPoliciesAbstract_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Changes In Accounting Policies [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DisclosureOfChangesInAccountingPoliciesLineItems" xlink:label="loc_ubs_DisclosureOfChangesInAccountingPoliciesLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DisclosureOfChangesInAccountingPoliciesLineItems_0" xlink:to="lbl_DisclosureOfChangesInAccountingPoliciesLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DisclosureOfChangesInAccountingPoliciesLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Changes In Accounting Policies [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_DebtIssuedHeldAtAmortizedCostLineItems" xlink:label="loc_ubs_DebtIssuedHeldAtAmortizedCostLineItems_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtIssuedHeldAtAmortizedCostLineItems_0" xlink:to="lbl_DebtIssuedHeldAtAmortizedCostLineItems_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtIssuedHeldAtAmortizedCostLineItems_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Debt Issued Held At Amortized Cost [Line Items]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_DebtIssuedHeldAtAmortizedCostLineItems_0" xlink:to="lbl_DebtIssuedHeldAtAmortizedCostLineItems_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_DebtIssuedHeldAtAmortizedCostLineItems_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_JointAndSeveralLiabilityForOutstandingSecRegisteredDebtSecuritiesIssuedByIndirectSubsidiary" xlink:label="loc_ubs_JointAndSeveralLiabilityForOutstandingSecRegisteredDebtSecuritiesIssuedByIndirectSubsidiary_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_JointAndSeveralLiabilityForOutstandingSecRegisteredDebtSecuritiesIssuedByIndirectSubsidiary_0" xlink:to="lbl_JointAndSeveralLiabilityForOutstandingSecRegisteredDebtSecuritiesIssuedByIndirectSubsidiary_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_JointAndSeveralLiabilityForOutstandingSecRegisteredDebtSecuritiesIssuedByIndirectSubsidiary_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Joint and Several Liability For Outstanding SEC Registered Debt Securities Issued By Indirect Subsidiary</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_JointAndSeveralLiabilityForOutstandingSecRegisteredDebtSecuritiesIssuedByIndirectSubsidiary_0" xlink:to="lbl_JointAndSeveralLiabilityForOutstandingSecRegisteredDebtSecuritiesIssuedByIndirectSubsidiary_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_JointAndSeveralLiabilityForOutstandingSecRegisteredDebtSecuritiesIssuedByIndirectSubsidiary_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Joint and several liability for outstanding SEC-registered debt securities issued by Credit Suisse (USA), Inc.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_JointAndSeveralLiabilityForOutstandingSecRegisteredDebtSecuritiesIssuedByIndirectSubsidiary_0" xlink:to="lbl_JointAndSeveralLiabilityForOutstandingSecRegisteredDebtSecuritiesIssuedByIndirectSubsidiary_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_JointAndSeveralLiabilityForOutstandingSecRegisteredDebtSecuritiesIssuedByIndirectSubsidiary_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">The amount of outstanding SEC-registered debt securities issued by Credit Suisse (USA), Inc., that has been fully and unconditionally guaranteed by UBS AG and UBS Group AG.</link:label>
    <link:loc xlink:type="locator" xlink:href="ubs-20260630.xsd#ubs_OverTheCounterDebtInstrumentsAndOthersMember" xlink:label="loc_ubs_OverTheCounterDebtInstrumentsAndOthersMember_0"></link:loc>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OverTheCounterDebtInstrumentsAndOthersMember_0" xlink:to="lbl_OverTheCounterDebtInstrumentsAndOthersMember_0"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OverTheCounterDebtInstrumentsAndOthersMember_0" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/label">Over The Counter Debt Instruments And Others [Member]</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OverTheCounterDebtInstrumentsAndOthersMember_0" xlink:to="lbl_OverTheCounterDebtInstrumentsAndOthersMember_1"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OverTheCounterDebtInstrumentsAndOthersMember_1" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Over-the-counter debt instruments and others</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OverTheCounterDebtInstrumentsAndOthersMember_0" xlink:to="lbl_OverTheCounterDebtInstrumentsAndOthersMember_2"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OverTheCounterDebtInstrumentsAndOthersMember_2" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/documentation">This member relates to over-the-counter debt instruments and other instruments.</link:label>
    <link:labelArc xlink:type="arc" priority="0" order="0.0" use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ubs_OverTheCounterDebtInstrumentsAndOthersMember_0" xlink:to="lbl_OverTheCounterDebtInstrumentsAndOthersMember_3"></link:labelArc>
    <link:label xlink:type="resource" xlink:label="lbl_OverTheCounterDebtInstrumentsAndOthersMember_3" xml:lang="en-US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">of which: Over-the-counter debt instruments and others</link:label>
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