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<!--(C) EBA-->
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    <link:label xlink:type="resource" xlink:label="label_eba_x33" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Interest rate risk, Equity risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x33" xlink:to="label_eba_x33" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x1" xlink:label="loc_eba_x1" />
    <link:label xlink:type="resource" xlink:label="label_eba_x1" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Counterparty credit risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x1" xlink:to="label_eba_x1" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x2" xlink:label="loc_eba_x2" />
    <link:label xlink:type="resource" xlink:label="label_eba_x2" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Credit risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x2" xlink:to="label_eba_x2" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x3" xlink:label="loc_eba_x3" />
    <link:label xlink:type="resource" xlink:label="label_eba_x3" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Credit risk and free deliveries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x3" xlink:to="label_eba_x3" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x4" xlink:label="loc_eba_x4" />
    <link:label xlink:type="resource" xlink:label="label_eba_x4" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Credit risk, counterparty credit risk and free deliveries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x4" xlink:to="label_eba_x4" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x5" xlink:label="loc_eba_x5" />
    <link:label xlink:type="resource" xlink:label="label_eba_x5" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Credit risk, counterparty credit risk, dilution risk and free deliveries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x5" xlink:to="label_eba_x5" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x6" xlink:label="loc_eba_x6" />
    <link:label xlink:type="resource" xlink:label="label_eba_x6" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Credit risk, counterparty credit risk, dilution risk, free deliveries and settlement/delivery risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x6" xlink:to="label_eba_x6" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x7" xlink:label="loc_eba_x7" />
    <link:label xlink:type="resource" xlink:label="label_eba_x7" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">CVA risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x7" xlink:to="label_eba_x7" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x8" xlink:label="loc_eba_x8" />
    <link:label xlink:type="resource" xlink:label="label_eba_x8" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Dilution risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x8" xlink:to="label_eba_x8" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x9" xlink:label="loc_eba_x9" />
    <link:label xlink:type="resource" xlink:label="label_eba_x9" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Interest rate risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x9" xlink:to="label_eba_x9" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x10" xlink:label="loc_eba_x10" />
    <link:label xlink:type="resource" xlink:label="label_eba_x10" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Large exposures risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x10" xlink:to="label_eba_x10" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x11" xlink:label="loc_eba_x11" />
    <link:label xlink:type="resource" xlink:label="label_eba_x11" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Market risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x11" xlink:to="label_eba_x11" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x12" xlink:label="loc_eba_x12" />
    <link:label xlink:type="resource" xlink:label="label_eba_x12" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Commodities risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x12" xlink:to="label_eba_x12" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x13" xlink:label="loc_eba_x13" />
    <link:label xlink:type="resource" xlink:label="label_eba_x13" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">General risk for equity instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x13" xlink:to="label_eba_x13" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x14" xlink:label="loc_eba_x14" />
    <link:label xlink:type="resource" xlink:label="label_eba_x14" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Equity risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x14" xlink:to="label_eba_x14" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x15" xlink:label="loc_eba_x15" />
    <link:label xlink:type="resource" xlink:label="label_eba_x15" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Specific risk for equity instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x15" xlink:to="label_eba_x15" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x16" xlink:label="loc_eba_x16" />
    <link:label xlink:type="resource" xlink:label="label_eba_x16" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Foreign-exchange risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x16" xlink:to="label_eba_x16" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x17" xlink:label="loc_eba_x17" />
    <link:label xlink:type="resource" xlink:label="label_eba_x17" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Market not look-through CIUs risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x17" xlink:to="label_eba_x17" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x19" xlink:label="loc_eba_x19" />
    <link:label xlink:type="resource" xlink:label="label_eba_x19" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">General risk for debt instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x19" xlink:to="label_eba_x19" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x20" xlink:label="loc_eba_x20" />
    <link:label xlink:type="resource" xlink:label="label_eba_x20" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Specific risk for debt instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x20" xlink:to="label_eba_x20" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x21" xlink:label="loc_eba_x21" />
    <link:label xlink:type="resource" xlink:label="label_eba_x21" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Specific risk for CTP positions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x21" xlink:to="label_eba_x21" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x22" xlink:label="loc_eba_x22" />
    <link:label xlink:type="resource" xlink:label="label_eba_x22" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Specific risk for securitisation instrument</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x22" xlink:to="label_eba_x22" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x0" xlink:label="loc_eba_x0" />
    <link:label xlink:type="resource" xlink:label="label_eba_x0" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Not applicable/All risks</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x0" xlink:to="label_eba_x0" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x24" xlink:label="loc_eba_x24" />
    <link:label xlink:type="resource" xlink:label="label_eba_x24" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Operational risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x24" xlink:to="label_eba_x24" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x25" xlink:label="loc_eba_x25" />
    <link:label xlink:type="resource" xlink:label="label_eba_x25" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x25" xlink:to="label_eba_x25" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x26" xlink:label="loc_eba_x26" />
    <link:label xlink:type="resource" xlink:label="label_eba_x26" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Position, fx and commodities risks</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x26" xlink:to="label_eba_x26" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x27" xlink:label="loc_eba_x27" />
    <link:label xlink:type="resource" xlink:label="label_eba_x27" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Risk of fixed overheads</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x27" xlink:to="label_eba_x27" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x28" xlink:label="loc_eba_x28" />
    <link:label xlink:type="resource" xlink:label="label_eba_x28" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Risks other than Interest rate risk, Equity risk, Foreign exchange risk, Credit risk, Commodity risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x28" xlink:to="label_eba_x28" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x29" xlink:label="loc_eba_x29" />
    <link:label xlink:type="resource" xlink:label="label_eba_x29" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Settlement/delivery risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x29" xlink:to="label_eba_x29" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x30" xlink:label="loc_eba_x30" />
    <link:label xlink:type="resource" xlink:label="label_eba_x30" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">General risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x30" xlink:to="label_eba_x30" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x31" xlink:label="loc_eba_x31" />
    <link:label xlink:type="resource" xlink:label="label_eba_x31" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Specific risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x31" xlink:to="label_eba_x31" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x32" xlink:label="loc_eba_x32" />
    <link:label xlink:type="resource" xlink:label="label_eba_x32" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Equity risk treated as credit risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x32" xlink:to="label_eba_x32" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x34" xlink:label="loc_eba_x34" />
    <link:label xlink:type="resource" xlink:label="label_eba_x34" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Position risk in CIUs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x34" xlink:to="label_eba_x34" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x678" xlink:label="loc_eba_x678" />
    <link:label xlink:type="resource" xlink:label="label_eba_x678" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Low credit risk</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x678" xlink:to="label_eba_x678" />
    <link:loc xlink:type="locator" xlink:href="mem.xsd#eba_x35" xlink:label="loc_eba_x35" />
    <link:label xlink:type="resource" xlink:label="label_eba_x35" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Interest rate risk. Specific risk for securitisation instrument</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eba_x35" xlink:to="label_eba_x35" />
  </link:labelLink>
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