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<!--
  This file is part of the Dutch Taxonomy (Nederlandse Taxonomie; NT)
  Intellectual Property of the State of the Netherlands
  Architecture: NT13
  Version: 20181212.a
  Release date: Tue Jun 19 09:00:00 2018
-->
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    <link:label id="bzk-ti-i_CashFlowPPEActivities_totalLabel_en" xlink:label="bzk-ti-i_CashFlowPPEActivities_totalLabel_en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Balance incoming and outgoing cashflow MVA</link:label>
    <link:label id="bzk-ti-i_ChangesValueNotRealisedRealEstatePortfolio_totalLabel_en" xlink:label="bzk-ti-i_ChangesValueNotRealisedRealEstatePortfolio_totalLabel_en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Non-realised changes in value of real estate portfolio, total</link:label>
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    <link:label id="bzk-ti-i_ChangesValueRealEstatePortfolio_totalLabel_en" xlink:label="bzk-ti-i_ChangesValueRealEstatePortfolio_totalLabel_en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Total of changes in value of real estate portfolio</link:label>
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    <link:label id="bzk-ti-i_NetResultExploitationOfRealEstatePortfolio_totalLabel_en" xlink:label="bzk-ti-i_NetResultExploitationOfRealEstatePortfolio_totalLabel_en" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Total of net result from exploitation of real estate portfolio</link:label>
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