this allowed them to dispose of between 9% and 11% of the total deposits in the financial system, which the savings banks channeled to finance small and medium-sized companies, cooperatives and individuals. the development of cooperativism in a sector as sensitive as the financial one provoked the early opposition of national and foreign banks, as well as sectors of the big bourgeoisie, which generated a series of regulations and restrictive actions on the part of the argentine state that reached their culminating point from the coup d'état of 1966.